Individual Retirement Account (IRA)

A type of savings account designed to help individuals save for retirement.

More Details

An individual retirement account (IRA) is a type of investment account that is designed to help people save for retirement. There are several different types of IRAs, including traditional IRAs, Roth IRAs, and SEP IRAs (Simplified Employee Pension).

Example

You might decide to open a traditional IRA and contribute $500 per month to the account. The money you contribute to the account will be invested in the financial products you choose (such as stocks, bonds, mutual funds, etc.), and you hope to earn a return on your investment over time.

Ready to Own the Home of Your Dreams?

Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.