
Individual Retirement Accounts (IRAs)
Invest in your retirement with these reliable options.
Contact us today to open your account.
Questions? We can help.
Connexus IRA Accounts
Choose the retirement account that works for your unique timeline and goals.
IRA Share Certificates
These Certificates offer a fixed yield and term with a fixed maturity.
Bump-Up IRA Share Certificate
The Bump-Up IRA Share Certificate yields offer the option to bump the rate once during the term.
Term | APY5 |
---|---|
24 months | 3.01% |
Accurate as of 07/02/2025 |
IRA Savings Accounts
These accounts have variable interest and no fixed term. Plus, there’s no minimum opening deposit required.
Balance | APY1 |
---|---|
$10,000 and over | 0.40% |
$0 to $9,999.99 | 0.25% |
Accurate as of 07/02/2025 |
Features
Traditional vs Roth
Traditional IRAs
These are potentially tax-deferred retirement plans. Your qualified contributions may be tax-deductible and can be made at any age, as long as you have earned income. Taxes are paid on your funds at the time of withdrawal.
Annual contribution limits for Traditional IRAs
Age | 2022 | 2023 |
Under 50 | $6,000 | $6,500 |
50 and Over | $7,000 | $7,500 |
Roth IRAs
Roth IRA contributions are made with after-tax dollars. Funds are tax-free when withdrawn unless you are taxed for early withdrawal penalties before age 59 ½. As long as you have earned income, contributions can be made at any age.
Annual contribution limits for Roth IRAs
Age | 2022 | 2023 |
Under 50 | $6,000 | $6,500 |
50 and Over | $7,000 | $7,500 |