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Roth IRA Accounts

No setup, administration or annual maintenance fees are charged on Star One IRA Accounts.

Roth IRA Accounts

  • No IRA setup, administration or annual maintenance fees
  • Convenience of payroll allocations and automated deposits
  • Automatic IRA distributions available
  • Automatic renewal on Certificate Accounts with 10-calendar-day grace period beginning on maturity date to make changes
  • Competitive IRA interest rates
  • Knowledgeable, qualified staff
  • Monthly statement

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While Roth IRA contributions are not tax-deductible, contributions and earnings can be withdrawn tax-free on qualified distributions.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

View our "IRAs—Retirement, and Beyond" webinar

Please join us in this workshop presented by Star One Certified IRA Professionals to gain essential knowledge on IRAs which encompasses Cost of Living Adjustments (COLAs), eligibility, portability, distribution, tax reporting and beneficiary options. Participants will also learn how to avoid regulatory pitfalls by recognizing the features of IRAs and understanding the laws that govern them.

View the "IRAs—Retirement, and Beyond" webinar.

CARES Act, SECURE Act 2020 and your IRA

New legislation in 2020 brought flexibility in how you manage your Star One IRA.

Learn more about the CARES and SECURE Acts by selecting the links below:

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

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.


** Annual Percentage Yield

Roth IRA Interest Rates

IRA / ESA Savings

0.70

%

APY** (0.70% rate)



6-Month IRA / ESA

0.80

%

APY** (0.80% rate)



1-Year IRA / ESA

1.00

%

APY** (1.00% rate)



2-Year IRA / ESA

1.20

%

APY** (1.19% rate)

 

Open a Roth IRA

 

Service your Roth IRA

Additional Roth IRA Information and Help