Individual
retirement
accounts

Choose between a Traditional or Roth IRA to start saving for your future. Not sure which is right for you? View the differences below, or call us with questions at 501-202-2373! 

Traditional IRA

0.75% APY*
  • Competitive Interest Rates
  • No monthly maintenance fee
  • No fee to transfer funds in and out
  • At age 72 (or if you turned 70½ before January 1, 2020), automatically distribute your IRS required minimum distributions
  • Deposit is insured up to $250,000 by NCUA
  • Dividends compounded quarterly
  • Contributions may be tax deductible, helping you to reduce your taxes now
  • Great option when rolling over your pension or 401k

ROTH IRA

0.75% APY*
  • Competitive Interest Rates
  • No minimum deposit. No maintenance fee
  • Tax free qualified withdrawals
  • Invest no matter you age, as long as you have earned income (when certain adjusted gross income requirements are met)
  • No required minimum distributions
  • No fees to transfer funds in and out of BHFCU
  • Deposit is insured up to $250,000 by NCUA

Educational IRA

0.75% APY*
  • Competitive Interest Rates
  • Educational IRA's exists to help pay for your child's education expenses such as tuition, books, and in some cases, room and board
  • Withdrawals for certain qualified education expenses are tax-free
  • Deposit is insured up to $250,000 by NCUA

*Rates and programs are subject to change at anytime without notice. Please call 501-202-2373 for the most up to date rate information.

IRA