IRA Savings
Prepare for retirement with Traditional and Roth IRA options designed to help you make the most of your future.
Plan for Retirement with Confidence
Opening a Traditional or Roth IRA is a great way to prepare for retirement. Whether you’re just starting your career or plan to retire soon, UARK FCU can help you make the most of your retirement goals with an IRA option that fits your needs.
IRA Options
Traditional IRA
A Traditional IRA is a tax-deferred retirement savings account funded with before-tax earnings. This may allow you to save money on taxes while funding the account during your working years, then pay taxes on withdrawals after retirement.
Roth IRA
A Roth IRA is funded with after-tax earnings. Since taxes have already been paid on the money used to fund the account, qualified withdrawals after retirement are generally not taxed.
Traditional vs. Roth IRA
Traditional IRA
- No income limits to open
- No minimum contribution in any year, allowing flexibility
- Contributions may be tax-deductible on state and federal income tax1
- Withdrawals can begin at age 59½
- Early withdrawals may be subject to penalty2
- Mandatory withdrawals begin at age 73
- Earnings accumulate tax-deferred until distribution
- Federally insured by NCUA3
Roth IRA
- Income limits apply to be eligible to open a Roth IRA
- Contributions are not tax-deductible
- Principal contributions can be withdrawn without penalty1
- Withdrawals on interest can begin at age 59½
- Early withdrawals on interest may be subject to penalty2
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
- Federally insured by NCUA3
Current Savings Rates Effective as of 2/19/2026
| Traditional & ROTH | Dividend Rate | APY* | Minimum Deposit |
|---|---|---|---|
| Savings | .25% | .25% | $5 |
Current Certificate Rates Effective as of 2/19/2026
| Term | Dividend Rate | APY* | Minimum Deposit |
|---|---|---|---|
| 6 Months | 2.75% | 2.78% | $500 |
| 10 Months** | 3.95% | 4.02% | $500 |
| 12 Months | 3.00% | 3.04% | $500 |
| 18 Months | 3.00% | 3.04% | $500 |
| 24 Months | 3.00% | 3.04% | $500 |
| 30 Months | 3.00% | 3.04% | $500 |
| 36 Months | 3.00% | 3.04% | $500 |
Ready to Start Planning?
Contact UARK FCU to learn more about Traditional and Roth IRA options.
1 See your tax advisor for details.
2 Certain exclusions may apply, such as health care, purchasing a home, etc. Consult your tax advisor for details.
3 Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration (NCUA), an agency of the federal government.