A retired couple enjoy a beach walk after securing their retirement with a credit union IRA.

IRAs

Save for your retirement with an account that's separate from your employer and safe from the markets.

Get started

Open an IRA and we’ll invest your funds in our Share Certificates for steady, safe returns.

  • A woman enjoys a beach vacation after investing in an IRA.

    Competitive Interest Rates

    Choose to invest your IRA funds in Certificates with terms of 3 months to 5 years and enjoy steady returns.

  • A woman sees her IRA dividends growing on her laptop.

    Compounding Dividends

    Each month, you earn interest on the funds in your IRA plus dividends on your interest and earnings grow tax-free.

  • A couple discusses their IRA account options with a member services rep.

    Roth or Traditional IRA Options

    Get the IRA to suit your needs depending if you want to pay taxes on your contributions or your withdrawals.

  • A man feels secure because his IRA is insured.

    Federally Insured Up to $250K

    Unlike the stock market, your savings are protected from ups and downs in the economy and stock market.

A happy couple checks their IRA balance on a laptop.

Key Details on IRAs From Baton Rouge Telco

An Individual Retirement Account (IRA) is a great way to save for the future, separate from your employer, so you’re not putting all your eggs in one basket.

  • The APY* and dividend rates are higher for IRAs than regular savings.
  • An IRA CD means your funds are invested in Certificate of Deposits not stocks and bonds.
  • You can choose to invest your IRA in Certificates of three months to five years.
  • Longer terms earn higher rates.
  • Dividends are compounded, so you’re paid interest on your deposit plus earned interest.
  • The minimum opening balance is $500.
  • The minimum balance to earn dividends is $500.
  • Choose from a Traditional IRA or Roth IRA, depending on your preferred tax advantages.
  • Contribute up to $6,000 per year if you’re under 50 or $7,000 if you’re over 50.
  • There is likely a penalty for withdrawing funds before the end of your chosen IRA CD term.
  • Federally insured up to $250,000.

Investing your money in various ways is the best way to secure your future. Add a credit union IRA to your retirement tools today!

Open an Account

Rates for Credit Union IRAs in Baton Rouge

SHARE & IRA CERTIFICATES

Term

Min. Opening Balance

Min. Balance to Earn Dividends

Rate

APY*

*APY = Annual Percentage Yield. Dividend rates are subject to change without notice. Dividends are posted monthly based on the daily balance and compounded monthly. Baton Rouge Telco Federal Credit Union Share Certificate rates are variable rate accounts and are subject to change at any time. Rates are not guaranteed. Penalties for early withdrawals may apply.

Term

3 months

Min. Opening Balance

$500

Min. Balance to Earn Dividends

$500

Rate

1.49%

APY*

1.50%

Term

6 months

Min. Opening Balance

$500

Min. Balance to Earn Dividends

$500

Rate

1.98%

APY*

2.00%

Term

1 year

Min. Opening Balance

$500

Min. Balance to Earn Dividends

$500

Rate

2.96%

APY*

3.00%

Term

2 years

Min. Opening Balance

$500

Min. Balance to Earn Dividends

$500

Rate

3.93%

APY*

4.00%

Term

3 years

Min. Opening Balance

$500

Min. Balance to Earn Dividends

$500

Rate

2.96%

APY*

3.00%

Term

4 years

Min. Opening Balance

$500

Min. Balance to Earn Dividends

$500

Rate

3.20%

APY*

3.25%

Term

5 years

Min. Opening Balance

$500

Min. Balance to Earn Dividends

$500

Rate

3.45%

APY*

3.50%

  • Step1 Apply Online
    Let us know if you’re a credit union member, or you can easily sign up.
  • Step2 Make Your Deposit
    You need to deposit at least $500 into your IRA account to get started and earn dividends.
  • Step3 Choose Terms
    Pick a Certificate term for your IRA investment then watch as your dividends grow!

Every experience I’ve had so far with BR Telco has been pleasant. Extremely kind and helpful in every way possible!

Vanessa S., Baton Rouge, LA

See How Much You Can Gain From an IRA in Baton Rouge

An IRA is a type of retirement account you can open as an individual. You need to be employed to contribute to an IRA, but the account can be held separately from your employer. In most cases, you can open an IRA in addition to a 401(k) though your contributions may be limited. 

IRA contributions typically max out at $6,000 per year for people under age 50 and $7,000 per year if you’re over age 50. 

There are two common types of IRAs that offer different tax advantages:

  • Traditional IRAs offer tax deductions on your contributions and then you pay taxes on your future withdrawals. 
  • Roth IRAs mean you contribute from your post-tax earned income, and then you can make future withdrawals tax-free.

 

With an IRA CD, you can still choose a Tradtional or Roth account but the difference is that your funds are invested in Certificates of Deposit (CDs) instead of stocks or bonds. This means your funds are safeguarded from stock market volatility. 

At Baton Rouge Telco, you can choose whether you invest your IRA funds in CDs with terms of three months to five years. Longer terms earn higher yields.

With an IRA CD, you have more flexibility to withdraw funds before retirement compared to other IRAs. But you will likely be penalized if you withdraw funds before the maturity date when your chosen certificate term is complete. For example, three months to five years.

Penalties for early withdrawal will be waived if you are over 72 and your withdrawal is part of a Required Minimum Distribution (RMD), or upon death.

Dividends are paid monthly to your IRA account on the last day of the month, when they are compounded. Compounded dividends mean you earn interest on your deposited funds – and then you also earn interest on that interest. So your savings grow faster!

We no longer offer the option for members to receive a paper check for dividend payments. All dividends will be electronically deposited into your designated account.

With an IRA CD, you choose the CD terms you want to invest in. The certificates mature when you reach the end of your term. At that time, your CDs will automatically renew for the same term at the new APY if we are not notified in advance that you wish to withdraw your funds and/or close your IRA. 

At the maturation date, you have a 10-day grace period to close your IRA, withdraw funds, or transfer to a new CD IRA. This can be done by phone, in person, or by secure chat.

The best option for minors is our Coverdell Education Savings account. You need to open this account on behalf of your child before they turn 18. Anyone in the family, including the child, may contribute to the account. Unlike an IRA, the contributions don’t need to be from earned income. 

Your child can then make tax-free withdrawals on the account to use for qualified education expenses at K-12 schools, college, vocational schools, and more. Qualified expenses include tuition, books, and other supplies.

Premier Interest Checking

Not looking to tie up funds but want a high yield? Our Premier Interest Checking might be a better fit.

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Money Market

Maybe you just want a simple savings for higher balances without a term. We get it.

We’ve got you covered

Ready to get started?

Open an account in person

Find a location near you

Apply for an account online

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National Credit Union Shares Insurance Fund (NCUSIF)

Your money is safe and secure at Baton Rouge Telco Federal Credit Union with savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government through the National Credit Union Administration (NCUA).

To see how your funds are insured, you can visit the NCUA Share Insurance Calculator.

Your Insured Funds (NCUA)
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