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!
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 | 0.80% | 0.80% | 1.29% | 1.30% |
| 12–23 Months | 1.59% | 1.60% | 2.32% | 2.35% |
| 24–35 Months | 2.03% | 2.05% | 2.52% | 2.55% |
| 36–47 Months | 2.32% | 2.35% | 2.81% | 2.85% |
| 48–59 Months | 2.57% | 2.60% | 3.05% | 3.10% |
| 60 Months | 2.76% | 2.80% | 3.25% | 3.30% |
| Share Certificate Term | Rate | APY | Loyalty Rate | Loyalty APY |
|---|---|---|---|---|
| 6–11 Months | 0.80% | 0.80% | 1.29% | 1.30% |
| 12–23 Months | 1.59% | 1.60% | 2.32% | 2.35% |
| 24–35 Months | 2.03% | 2.05% | 2.52% | 2.55% |
| 36–47 Months | 2.32% | 2.35% | 2.81% | 2.85% |
| 48–59 Months | 2.57% | 2.60% | 3.05% | 3.10% |
| 60 Months | 2.76% | 2.80% | 3.25% | 3.30% |
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
Apply online today! For questions or to apply directly with a representative, call 801-456-7000 or 800-326-3328. Available weekdays: 8am–7pm, Sat: 9am–2pm. Additionally, you may visit any Deseret First Branch.