Retirement Savings
Stress-free retirement planning
Offering both Roth & Traditional IRAs
What are you dreaming about? Touring the coasts, serving a mission, visiting grandchildren around the country, or watching your favorite show… No matter your choice, we want to help you build a worry-free future. An IRA can help you get there.
An Individual Retirement Account is a specialized product used to save for retirement. Additionally, they may have higher return rates compared to a typical savings account. So you can look to DFCU for all your retirement needs!
Provide Your Future
Traditional IRA
Contributions to a Traditional IRA may be fully or partially tax deductible*. Your deductible contributions and account earnings are not taxed until you make withdrawals in your retirement*.Roth IRA
Roth IRAs are similar to Traditional IRAs, but contributions are not tax deductible. Because you pay taxes on the money you put into a Roth IRA, you do not pay taxes when it’s time to withdraw at retirement age*. Earnings on your Roth IRA may also be tax free*.
Retirement Rates
| Share Certificate Term | Rate | APY | Loyalty Rate | Loyalty APY |
|---|---|---|---|---|
| 3–5 Months | 0.25% | 0.25% | 0.25% | 0.25% |
| 6–11 Months | 1.19% | 1.20% | 1.69% | 1.70% |
| 12–23 Months | 1.54% | 1.55% | 2.03% | 2.05% |
| 24–35 Months | 1.69% | 1.70% | 2.18% | 2.20% |
| 36–47 Months | 1.83% | 1.85% | 2.32% | 2.35% |
| 48–59 Months | 1.93% | 1.95% | 2.42% | 2.45% |
| 60 Months | 2.03% | 2.05% | 2.52% | 2.55% |
| Share Certificate Term | Rate | APY | Loyalty Rate | Loyalty APY |
|---|---|---|---|---|
| 6–11 Months | 1.19% | 1.20% | 1.69% | 1.70% |
| 12–23 Months | 1.54% | 1.55% | 2.03% | 2.05% |
| 24–35 Months | 1.69% | 1.70% | 2.18% | 2.20% |
| 36–47 Months | 1.83% | 1.85% | 2.32% | 2.35% |
| 48–59 Months | 1.93% | 1.95% | 2.42% | 2.45% |
| 60 Months | 2.03% | 2.05% | 2.52% | 2.55% |
Account Advantages
At Deseret First, we do our part to take your money further.
Flexible Savings or Share Certificate
Annual, monthly or bi-weekly contributions
Federally insured by the NCUA**
Tax-free Interest*
Easier access through DFCU
Rates quoted as Annual Percentage Yield. The APY applies to balances beginning at $0.01. Federally insured by NCUA. Early withdrawal penalties may apply.
*Consult your tax advisor. **Deposit accounts are federally insured by the NCUA up to $250,000.
Account Requirements
- Membership and eligibility
- Must be under age 70.5 to make out-of-pocket contributions to Traditional IRAs
- IRS requires annual withdrawals from Traditional IRAs starting at age 70.5