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Traditional IRAs

A Tax-Advantaged Way to Save

The traditional Individual Retirement Account (IRA) is an account that allows qualified tax-deductible contributions and also allows contributions and earnings to grow tax deferred.1 You don't pay taxes on your contributions or earnings until you take them out.
  • Must be younger than 70½ to open
  • $5,000 contribution limit per year, $6,000 if you are age 50 or older
  • Withdrawals can begin at age 59½
  • Mandatory withdrawals at age 70½
  • Early withdrawals subject to penalty2

At Cornerstone Credit Union: No setup or annual maintenance fees. Choose between an IRA Savings or IRA Certificate of Deposit.

Call or stop in today — and get started with your Cornerstone Credit Union IRA!

1 Subject to some minimal conditions. Consult with your tax advisor.

2 Certain exceptions apply, such as healthcare, purchasing first home, etc.


Regular & IRA Certificates > $1,000+

Effective Date: 10/22/20131
Term Min. Balance Dividend Rate APY2
90-Day3 $1,000.00 .10% .10%
180-Day3 $1,000.00 .15% .15%
12-Month $1,000.00 .25% .25%
18-Month $1,000.00 .30% .30%
24-Month $1,000.00 .40% .40%
30-Month $1,000.00 .45% .45%
36-Month $1,000.00 .65% .65%
48-Month $1,000.00 .90% .90%
60-Month $1,000.00 1.19% 1.20%


Regular & IRA Certificates > $20,000+

Term Min. Balance Dividend Rate APY2
12-Month $20,000.00 .35% .35%
18-Month $20,000.00 .40% .40%
24-Month $20,000.00 .50% .50%
30-Month $20,000.00 .55% .55%
36-Month $20,000.00 .75% .75%
48-Month $20,000.00 1.00% 1.00%
60-Month $20,000.00 1.29% 1.30%


Regular & IRA Certificates > $100,000+

Term Min. Balance Dividend Rate APY2
180-Day3 $100,000.00 .25% .25%
12-Month $100,000.00 .35% .35%
18-Month $100,000.00 .40% .40%

1Certificate dividend rates are subject to change due to market conditions. Please call your Call Center Representative at 800.711.3277, press 0.

2APY=Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Certificate rates remain fixed for the term of the certificate. Unless otherwise paid, dividends will be credited to your account compounded daily and paid quarterly. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. If you have any questions or need current rate information on your accounts, please call 815.235.5855.

3Simple interest paid at maturity.