For banking by telephone, to find an ATM, or to speak to a Star One phone representative for assistance with this website, please call us at 866-543-5202 or 408-543-5202.
Star One Mobile App

Star One Mobile Banking
It's free and secure to use!

Get the Star One Mobile Banking app for your device.
It's free, intuitive, safe and secure to use!

View
Skip navigation

Roth IRA Accounts

Roth IRA Accounts may offer greater tax savings and withdrawal flexibility than a Traditional IRA.

The SECURE Act 2020 and your IRA

The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was signed into law on December 20, 2019 and many of of its provisions took effect on January 1, 2020.

  • Traditional IRA owners can now contribute after age 70½
  • Delayed age for Required Minimum Distributions (RMDs)
  • Distribution taken for birth or adoption
  • Expanded definition of the eligible compensation for Graduate student IRA contributions

Learn more about the provisions of the SECURE Act 2020.

Roth IRA Accounts may offer greater tax savings and withdrawal flexibility than a Traditional IRA. Both Contributory and Conversion plans are available.

While Roth IRA contributions are not tax-deductible, contributions and earnings can be withdrawn tax-free on qualified distributions.

Roth IRA Accounts have no mandatory annual distribution requirements and you can contribute beyond age 70½. Eligibility depends on income.

Roth IRA Accounts

  • No IRA setup, administration or annual maintenance fees
  • Convenience of payroll allocations and automated deposits
  • Automatic IRA distributions available
  • 10-business-day grace period and automatic renewal on Certificate Accounts
  • Competitive IRA interest rates
  • Knowledgeable, qualified staff
  • Monthly statement

Roth IRA Account Summary

Roth IRA Investment Options

  • Savings Account - $100 minimum deposit or $25 with automated deposits
  • Certificate Accounts - $100 minimum deposit or $25 with automated deposits, 6-month, 1-year and 2-year terms

 

Roth IRA Interest Rates

IRA / ESA Savings

1.65

%

APY (1.64% rate)



6-Month IRA / ESA

1.70

%

APY (1.69% rate)



1-Year IRA / ESA

1.75

%

APY (1.74% rate)



2-Year IRA / ESA

1.80

%

APY (1.79% rate)

 

Open a Roth IRA

 

Service your Roth IRA

 

Additional Roth IRA Information and Help



Traditional and Roth IRA Accounts are separately insured to $250,000 by the National Credit Union Administration, an agency of the United States Government. Coverdell Education Savings Accounts are insured under the same provisions as irrevocable trust accounts.