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Pennsylvania 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!

PA - June 2, 2020

Advertiser Disclosure
Credit Unions APY Months MIN Miles?
American Heritage
Restrictions
4.00% 4 $1,000 -
Bayer Heritage
Restrictions
2.02% 24 $500 -
Spirit Financial
Restrictions
1.80% 18 $500 -
Fedchoice
Restrictions
1.65% - $500 -
Spirit Financial
Restrictions
1.60% 9 $500 -
Democracy
Restrictions
1.51% - $500 -
Bayer Heritage
Restrictions
1.51% - $500 -
1.50% - $1,000 -
Penn East
Restrictions
1.50% 37 $1,000 -
Patriot
Restrictions
1.20% 39 $250,001 -
Riverfront
Restrictions
1.15% - $1,000 -
Patriot
Restrictions
1.15% 39 $100,000 -
American Heritage
Restrictions
1.10% 20 $2,000 -
Patriot
Restrictions
1.10% 39 $25,000 -
Freedom
Restrictions
1.10% - $500 -
1.05% - $1,000 -
Pentagon
Restrictions
1.05% - $1,000 -
Sun East
Restrictions
1.05% 15 $500 -
Patriot
Restrictions
1.05% 39 $10,000 -
1.01% 14 $500 -
Parda
Restrictions
1.00% - $500 -
Century Heritage
Restrictions
1.00% 13 $5,000 -
Citadel
Restrictions
1.00% - $500 -
American Heritage
Restrictions
1.00% 20 $1 -
1.00% - $500 -
Apci
Restrictions
1.00% - $500 -
Ingersoll-rand
Restrictions
1.00% - $1,000 -
Cacl
Restrictions
0.95% - $500 -
Frick Tri-county
Restrictions
0.95% - $500 -
Gold
Restrictions
0.95% - $500 -
Trumark Financial
Restrictions
0.95% - $500 -
South Jersey
Restrictions
0.90% - $1,000 -
American Heritage
Restrictions
0.90% - $1,000 -
Heritage Valley
Restrictions
0.85% - $250 -
People First
Restrictions
0.85% 15 $500 -
Visions
Restrictions
0.85% - $500 -
Franklin Mint
Restrictions
0.85% - $500 -
0.85% - $500 -
Hidden River
Restrictions
0.85% - $500 -
0.80% - $500 -
Corning
Restrictions
0.80% - $1,000 -
Sun East
Restrictions
0.80% - $500 -
Philadelphia
Restrictions
0.80% - $500 -
Guthrie
Restrictions
0.80% - $1,000 -
First Capital
Restrictions
0.80% - $1,000 -
Tendto
Restrictions
0.80% - $1,000 -
0.75% - $2,000 -
Police & Fire
Restrictions
0.75% - $1,000 -
0.75% - $1,000 -
Patriot
Restrictions
0.75% - $1,000 -
Lebanon
Restrictions
0.75% - $500 -
Xceed Financial
Restrictions
0.75% - $500 -
Genisys
Restrictions
0.75% - $500 -
Widget
Restrictions
0.70% - $5 -
Century Heritage
Restrictions
0.70% - $500 -
Bellco
Restrictions
0.70% - $500 -
First Heritage
Restrictions
0.70% - $1,000 -
Discovery
Restrictions
0.70% - $500 -
The United
Restrictions
0.70% 36 $25,000 -
Diamond
Restrictions
0.70% - $1,000 -
Net
Restrictions
0.65% 55 $100,000 -
Erie
Restrictions
0.65% - $1,000 -
Net
Restrictions
0.60% 55 $50,000 -
Inspire
Restrictions
0.60% - $500 -
Clarion
Restrictions
0.60% - $250 -
Tri County Area
Restrictions
0.60% - $500 -
Sun
Restrictions
0.60% - $500 -
Norristown Bell
Restrictions
0.57% - $500 -
0.55% - $500 -
Net
Restrictions
0.55% 55 $1,000 -
Penn East
Restrictions
0.55% - $1,000 -
Hershey
Restrictions
0.55% - $500 -
Members 1st
Restrictions
0.55% - $500 -
Ufcw Community
Restrictions
0.50% - $500 -
Clearview
Restrictions
0.50% - $1,000 -
Net
Restrictions
0.50% 23 $50,000 -
People First
Restrictions
0.50% - $500 -
Lanco
Restrictions
0.50% - $500 -
0.50% - $500 -
0.50% - $1,000 -
0.50% - $500 -
0.50% - $500 -
Vantage Trust
Restrictions
0.45% - $1 -
Net
Restrictions
0.45% 15 $1,000 -
0.45% - $500 -
Chrome
Restrictions
0.45% - $500 -
0.45% - $1,000 -
0.40% - $500 -
Service 1st
Restrictions
0.40% - $500 -
Usx
Restrictions
0.35% - $500 -
Net
Restrictions
0.35% - $1,000 -
The United
Restrictions
0.35% 10 $1,000 -
Ardent
Restrictions
0.35% - $100 -
Spe
Restrictions
0.35% - $500 -
0.30% - $500 -
Reliance
Restrictions
0.29% - $500 -
Penn State
Restrictions
0.25% - $500 -
The United
Restrictions
0.25% - $500 -
White Rose
Restrictions
0.25% - $500 -
0.20% - $500 -
Cross Valley
Restrictions
0.01% - $1,000 -
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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