Roth IRA Accounts
Grow your nest egg tax-free for a stress-free retirement.
Contributing to a Roth IRA offers many perks to enhance your retirement fund. Benefits include:
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Tax-Free Withdrawals
Enjoy tax-free retirement disbursements to maximize your hard-earned savings.
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Flexible Access
You can withdraw your contributions at any time.
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No Required Distributions
There are no mandatory required minimum distributions when you retire.
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Estate Planning Benefits
Pass your Roth IRA down to your heirs tax-free as long as the account is five years or older.
How Do Roth IRAs Work?
Maximize your retirement savings with these key Traditional IRA features:
Roth Individual Retirement Accounts offer unique benefits unmatched by retirement plans like 401(k)s and Traditional IRAs.
With a Roth IRA, you don’t get a tax break on contributions now, but you can enjoy tax-free earnings later.
As long as you’re at least age 59 1/2 and have held the account for 5+ years, withdrawals of contributions and earnings are tax-free.
Features and benefits include:
- Make annual Roth IRA contributions up to the limits set by the IRS
- Watch your savings grow with guaranteed returns
- You don’t have to pay income taxes on withdrawals in retirement
- No forced withdrawals when you reach a certain age
- In some cases, you can use funds for buying a home or higher education
See Our Roth IRA Rates
Rates Accurate as of [Date, Time]
| IRA | Minimum Balance/Range | Annual Percentage Rate (APR) | Annual Percentage Yield (APY) |
|---|---|---|---|
| Traditional IRA Roth IRA Educational Savings IRA | $5.00 - $9,999.99 | 0.05% | 0.05% |
| $10,000.00 - over | 0.25% | 0.25% |
*Rates subject to change at any time and without prior notice. Fees may reduce earnings.
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Enjoy the Benefits of a Belco Roth IRA Account
Extra Savings for 50+
Members who are age 50 and older can make extra “catch-up” contributions.
No Funds Required to Open
Open a Roth IRA now with no money and fund it when you’re ready.
Tiered Rates
Take advantage of tiered rates that increase with higher account balances.
Compounded Dividends
Enjoy paid and compounded monthly dividends.
Online and Mobile Banking
Monitor your retirement savings growth through our easy-to-use online portal or mobile app.
Federally-Insured
Gain peace of mind knowing your Roth IRA is federally insured by NCUA.
Open Your Roth IRA Account Today
Roth IRA Account FAQs
What is the maximum I can contribute to my Roth IRA each year?
Consult the IRS website for information regarding your contributions.
When can I withdraw earnings without penalties?
As of 2023, you can withdraw your contributions tax-free and penalty-free anytime. However, to take out earnings tax-free, you must be at least 59 1/2 and have held the account for over five years.
Where can I open a Roth IRA account?
Belco Community Credit Union is a great option for opening a Roth IRA account in Pennsylvania. As a full-service credit union, Belco provides personalized service to help you meet your retirement goals. You’ll benefit from low fees, competitive rates, and local experts to assist you in getting started.
More Ways to Save and Grow Your Money
Money Market Accounts
Earn higher returns without locking up funds while enjoying flexible withdrawals and deposits.
Health Savings Account
Save pre-tax funds to pay for healthcare expenses now or in the future with tax-free withdrawals.
Certificate Accounts
Lock in higher interest rates on untouched deposits over fixed periods from 3 months to 5 years.