Make Plans for the Future

Whether you have an employer sponsored retirement plan, or want to establish one on your own, an Individual Retirement Account (IRA) from Kitsap Credit Union could be a great fit to help you prepare for retirement.
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Which IRA is Right for You?

We offer three types of IRAs, all designed to meet our members’ specific needs.

We do not provide tax advice. Please be sure to consult with a qualified tax professional to understand your specific situation.

  • Traditional IRA

    Traditional IRA

    A Traditional IRA is a good fit for investors who feel their income and/or tax rate will decline as they get closer to retirement. Contributions can be made on a pretax basis, and can be tax deductible if you meet certain requirements.

    Note: Once you withdraw funds from a Traditional IRA, it is considered income, and could be subject to income tax. 

    Enjoy these great benefits with a Traditional IRA:
    • Low minimum opening balance — only $5.
    • No minimum for transfers.
    • Competitive dividends — earned monthly.
    • View your balance anytime via Online Banking and Mobile Banking.
    • Funds Federally Insured by NCUA.
    Easily open your IRA today by visiting one of our convenient branch locations. 
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  • Roth IRA

    Roth IRA

    If you are planning to be in a higher tax bracket when you retire, a Roth IRA might be a good option. Contributions are made with after tax dollars, which means that distributions are not considered taxable income at age 59 ½ or older.


    Some Great Roth IRA Features:
    • Low minimum opening balance — only $5.
    • No minimum for transfers.
    • Competitive dividends — earned monthly.
    • View your balance anytime via Online Banking and Mobile Banking.
    • Funds Federally Insured by NCUA.
    Easily open your IRA today by visiting one of our convenient branch locations. 
    Find Location
  • IRA Certificate

    IRA Certificate

    An IRA within a Certificate is a great choice if you are interested in having a predictable return on your money. 

    IRA Certificate Features:
    • Terms ranging from 3 months to 5 years.
    • Choose between Standard, Rate Bump, and Add-On Certificates.
    • Works in conjunction with Traditional or Roth IRA's. 
    • Bump Rate Certificates allow for a dividend rate adjustment once during the initial term.
    • Add-On Certificates let you deposit more funds after opening the account.
    • Competitive dividends — earned monthly.
    • $500 minimum opening deposit.
    • View your balance anytime via Online Banking and Mobile Banking.
    • Funds Federally Insured by NCUA.
    Easily open your IRA today by visiting one of our convenient branch locations. 
    Find Location
Rates and Terms

Stacking Savings with a Certificate Ladder

Certificates require money to be deposited for a set amount of time. While that may feel limiting, you can still have some access to your money with a technique called certificate laddering. This involves opening several certificates with staggered maturity dates. By doing this, you can take advantage of better interest rates when rates go up. If rates are falling, part of your certificate funds are still earning the higher rates that were available earlier.

To create a certificate ladder, open a series of certificates with different maturity dates. For example, if you have $1,500 to put into certificates, you might invest $500 each in six-month, 12-month, and 24-month certificates. As each certificate matures, you have the option to use the money or let it renew.

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Disclosures

We do not provide tax advice. Please be sure to consult with a qualified tax professional to understand your specific situation.