IRAs

IRAs—traditional and Roth accounts

Individual Retirement Accounts (IRAs) are powerful investment tools that help members save and grow wealth for retirement. Visit with a Union Square team member to learn more about the differences between traditional and Roth IRAs—most notable is the time in which funds are taxed. In short, for a traditional IRA, invested funds are tax deductible and withdrawals in retirement are taxed. With a Roth IRA, contributions are not tax deductible, but withdrawals in retirement are tax-free.

To determine which option is best for your financial future, please call our Contact Center at (940) 720-8000 or visit any of our branches.

IRA Share Certificate Rates

Rates effective as of December 11, 2024

Term	Dividend Rate	APY
91 Days	2.85%	2.891%
6 Months	4.15%	4.250%
1 Year	4.20%	4.289%
18 Months	2.95%	2.994%
2 Years	3.75%	3.821%
3 Years	3.25%	3.303%
4 Years	3.25%	3.303%
5 Years	3.25%	3.303%

Dividends are credited monthly with disclosed dividend rate (APR) and can be withdrawn on crediting day.  Minimum deposit to open - $500 for 1 year CD, $1,000 for all other terms. Minimum balance to obtain the advertised rate - $500 for 1 year CD, $1,000 for all other CD terms.   Compounded Annual Percentage Yield (APY) disclosed above.  Fees and withdrawal of dividends may reduce earnings.  An early withdrawal not otherwise permitted may be subject to a penalty.  The rate is subject to change after the maturity date.  Other restrictions may apply.