Savings
IRA
How prepared are you for retirement? One key piece in your retirement plan should be an IRA. And Direct Federal offers three risk-free IRA products to protect your retirement savings. Choose from a Money Market Account, a 24-Month Variable-Rate CD, or one of 8 terms for a Fixed-Rate CD.
Whether your're changing jobs or about to retire, there are many life stages to consider. So, what better time than now to rollover your IRA?
Direct Federal makes rolling over your IRA is as easy as 1-2-3:
- Call 781.455.6500
- Complete the application. Apply now.
- We'll take it from there
Flexibility With CDs
Whatever type of account you select, you can have peace of mind that it is federally insured by the National Credit Union Administration, a U.S. government agency- up to $250,000.
24-Month Variable-Rate CD – Minimum deposit of $50
Perfect if you would like to make monthly contributions to your IRA.
Money Market Account – Minimum deposit of $500
Easily scheduled automatic deposits to your IRA with every direct deposit.
Fixed-Rate CD – Minimum deposit of $250
Ideal if you prefer to make your annual IRA contribution all at one time.
24-month Variable-Rate CD effective April 1 - June 30, 2008
| Minimum to Open | Annual Percentage Yield (APY) |
|---|---|
| $50.00 | 3.40% |
The APY changes quarterly and is based on the average of the 24-Month CD for the previous quarter. A 24-Month Variable-Rate IRA CD can be converted to a Fixed-Rate IRA CD without an early withdrawal penalty, provided the term of the Fixed-Rate IRA CD is equal to or greater than the term remaining on the 24-Month Variable-Rate IRA CD. You must select a term for the new certificate from those currently offered by us.
Effective May 10- May 16, 2008 - For Deposits up to $100,000
| Term | Dividend Rate | Annual Percentage Yield (APY) |
|---|---|---|
| 3 month | 2.47% | 2.50% |
| 6 month | 2.71% | 2.75% |
| 9 month | 2.96% | 3.00% |
| 12 month | 3.20% | 3.25% |
| 15 month | 3.20% | 3.25% |
| 18 month | 3.20% | 3.25% |
| 24 month | 3.20% | 3.25% |
| 30 month | 3.20% | 3.25% |
| 36 month | 3.68% | 3.75% |
| 48 month | 3.92% | 4.00% |
| 60 month | 4.16% | 4.25% |
* Higher rates apply for deposits of $100,000 or greater. Please give us a call at 781.455.6500 to get the current rate.
Open an IRA today and start saving for tomorrow now.
