IRA (Individual Retirement Account)

Your Legacy Federal Credit Union offers a Traditional Individual Retirement Account or a Roth Individual Retirement Account to help you save for retirement.  You may choose a certificate of deposit as the investment contained in your individual retirement account.  The minimum balance requirement, compounding frequency, interest (dividend) rate, and annual percentage yield is the same as our Certificate of Deposit (Share Certificate of Deposit).  These are reflected in the table below.

As a valued member of Your Legacy Federal Credit Union, you also have the option of having a savings (share) account as the investment within your individual retirement account.  The interest (dividend) rate on a Savings (Share) Account in an individual retirement account is currently 0.10%, with an Annual Percentage Yield (A.P.Y.) of 0.10%.

Term of Investment

Minimum Balance To Open Minimum Balance To Earn Interest (Dividends) Compounding Frequency Interest (Dividend) Rate
Annual Percentage Yield
4 Months $500 $500 At Maturity 0.250% 0.250%
6 Months $500 $500 Monthly 0.300% 0.300%
9 Months $500 $500 Monthly 0.350% 0.351%
12 Months $500 $500 Monthly 0.400% 0.401%
15 Months $500 $500 Monthly 0.450% 0.451%
18 Months $500 $500 Monthly 0.600% 0.602%
24 Months $500 $500 Monthly 0.850% 0.853%
30 Months $500 $500 Monthly 0.900% 0.904%
36 Months $500 $500 Monthly 1.250% 1.257%
48 Months $500 $500 Monthly 1.500% 1.510%
60 Months $500 $500 Monthly 1.650% 1.663%