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Ohio Credit Union IRA CD Rates 2020

If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

OH - February 28, 2020

Advertiser Disclosure
Credit Unions APY Months MIN Miles?
Sponsored Advertiser Disclosure
Melrose
Restrictions
2.42% - $5,000 -
Partners 1st
Restrictions
2.15% 29 $500 -
Community Star
Restrictions
2.15% 37 $100,000 -
2.12% 50 $500 -
Community Star
Restrictions
2.10% 37 $50,000 -
Community Star
Restrictions
2.05% 37 $500 -
Unity Catholic
Restrictions
2.02% - $500 -
2.02% 35 $500 -
2.02% - $1,000 -
2.02% - $1,000 -
Connexus
Restrictions
2.01% - $5,000 -
2.00% - $1,000 -
1.92% 14 $500 -
United
Restrictions
1.90% 55 $500 -
Partners 1st
Restrictions
1.90% 16 $500 -
Trupartner
Restrictions
1.90% - $500 -
Kemba Financial
Restrictions
1.85% - $250 -
1.85% - $1,000 -
1.82% - $1,000 -
Homeland
Restrictions
1.80% 13 $500 -
Telhio
Restrictions
1.80% - $500 -
Community Star
Restrictions
1.80% - $500 -
1.79% - $500 -
Community First
Restrictions
1.76% - $500 -
Truecore
Restrictions
1.75% 42 $500 -
United
Restrictions
1.75% 25 $500 -
Ukrainian
Restrictions
1.75% - $500 -
Kemba
Restrictions
1.75% - $500 -
General Electric
Restrictions
1.75% - $500 -
1.75% - $1,000 -
1.75% - $1,000 -
Code
Restrictions
1.72% 15 $10,000 -
1.71% 9 $500 -
Midusa
Restrictions
1.71% 6 $2,500 -
Columbus Metro
Restrictions
1.70% - $500 -
Abbey
Restrictions
1.70% - $500 -
1.67% - $500 -
Emery
Restrictions
1.66% - $500 -
Ashland
Restrictions
1.65% - $1,000 -
1.65% - $1,000 -
1.65% - $500 -
1.65% 60 $1,000 -
Code
Restrictions
1.62% 9 $10,000 -
1.61% - $500 -
United
Restrictions
1.60% 13 $500 -
Bridge
Restrictions
1.60% - $5,000 -
Century
Restrictions
1.56% - $500 -
1.56% - $500 -
Vacationland
Restrictions
1.55% - $500 -
Seven Seventeen
Restrictions
1.55% - $500 -
1.55% - $500 -
Code
Restrictions
1.52% - $500 -
Medina County
Restrictions
1.51% - $1,000 -
Bayer Heritage
Restrictions
1.51% - $500 -
Universal 1
Restrictions
1.51% - $500 -
1.51% - $500 -
Lakeview
Restrictions
1.50% - $500 -
1.50% - $1,000 -
Truliant
Restrictions
1.50% - $250 -
Hopewell
Restrictions
1.50% 12 $500 -
Directions
Restrictions
1.50% - $500 -
1.50% - $500 -
Day Air
Restrictions
1.50% - $500 -
1.50% - $100 -
Towpath
Restrictions
1.50% - $500 -
1.47% - $1,000 -
Truecore
Restrictions
1.45% 17 $500 -
1.41% - $500 -
Promedica
Restrictions
1.40% - $500 -
Fremont
Restrictions
1.36% 36 $5,000 -
Usx
Restrictions
1.35% - $500 -
1.35% - $500 -
1.35% - $1,000 -
Desco
Restrictions
1.31% - $2,500 -
1.31% - $1,000 -
Baxter
Restrictions
1.30% - $500 -
Heartland
Restrictions
1.26% - $500 -
1.26% - $500 -
Your Legacy
Restrictions
1.26% - $500 -
Dover-phila
Restrictions
1.25% - $500 -
Clearview
Restrictions
1.25% - $1,000 -
1.25% - $500 -
Bay Area
Restrictions
1.25% - $1,000 -
1.25% - $500 -
1.25% - $1,000 -
Cme
Restrictions
1.21% - $500 -
1.21% - $1,000 -
Firelands
Restrictions
1.20% - $500 -
Bmi
Restrictions
1.20% - $500 -
Hopewell
Restrictions
1.20% 23 $2,500 -
Cleveland Police
Restrictions
1.20% - $500 -
First Service
Restrictions
1.10% - $1,000 -
Summit
Restrictions
1.05% - $500 -
Southeastern Ohio
Restrictions
1.05% - $1,000 -
Aurgroup
Restrictions
1.05% - $500 -
1.01% - $500 -
1.00% - $500 -
Ohio Catholic
Restrictions
1.00% - $500 -
Sharefax
Restrictions
1.00% - $500 -
Golden Circle
Restrictions
1.00% - $1,000 -
Champion
Restrictions
1.00% - $1,000 -
0.93% - $250 -
Three Rivers
Restrictions
0.90% - $1,000 -
Sun
Restrictions
0.90% - $500 -
Everence
Restrictions
0.90% - $500 -
0.85% - $500 -
Glass City
Restrictions
0.80% - $500 -
0.80% - $500 -
0.80% - $500 -
Truecore
Restrictions
0.75% - $500 -
Fremont
Restrictions
0.75% - $1,000 -
Ohio University
Restrictions
0.75% - $500 -
0.75% - $500 -
Midusa
Restrictions
0.75% - $500 -
Midwest Community
Restrictions
0.65% - $250 -
0.60% - $1,000 -
Ohio Educational
Restrictions
0.60% - $500 -
C E S
Restrictions
0.55% - $500 -
United
Restrictions
0.50% - $500 -
Quest
Restrictions
0.50% - $1,000 -
Atomic
Restrictions
0.50% - $1,000 -
Taleris
Restrictions
0.50% - $500 -
0.45% - $1,000 -
Homeland
Restrictions
0.35% - $500 -
0.30% - $500 -
0.25% - $500 -
Stark
Restrictions
0.25% - $1 -
Steel Valley
Restrictions
0.25% - $500 -
Lormet Community
Restrictions
0.25% - $500 -
0.20% - $500 -
Partners 1st
Restrictions
0.20% - $500 -
Advantage
Restrictions
0.20% - $500 -
0.20% - $100 -
Bfg
Restrictions
0.15% - $500 -
All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.


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PRODUCT INFORMATION


Fixed Rate IRA CDs

Fixed Rate IRA CDs are CDs that are held within an Individual Retirement Account (IRA) or a Roth Retirement Account. In an IRA, the funds are deposited pre-tax and allowed to accumulate tax free. When the individual retires, they are withdrawn and all earnings are taxed at the prevailing tax rate. Because individuals generally have lower incomes upon retirement, the tax rate is lower than what it would have been during their working years.

With a Roth IRA, post-tax funds are deposited into the account and the money is allowed to accumulate and be withdrawn tax free.

If the funds are withdrawn before retirement age 59 1/2, the individual will be required to pay a 10% penalty on top of any taxes owed. There are some exceptions to this rule. Fund can be withdrawn penalty free if they are used to pay for education at an IRA qualifying institution or in the purchase of a house.

Advantages to a FIRA

  • Money grows in a tax-advantaged way.
  • Funds are FDIC insured, just like a regular CD.
  • Interest rates on FIRAs are often higher than the same terms for a CD.
  • Some flexibility in withdrawing the money early for first time homebuyers and education expenses.

Disadvantages to a FIRA

  • Returns may not be as high as stocks, bonds, mutual funds.
  • Funds cannot be withdrawn until 59 1/2 without penalty (except for IRS approved expenses).
  • If interest rates rise during the term of the FIRA, money will be stuck in lower yielding account.

Please click here for more information on fixed rate IRA CDs.

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