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Individual Retirement Account (IRA)

Save for your retirement and reduce your tax bill.

Traditional IRA

Contributions to a traditional IRA are tax-deductible. Your earnings grow tax-deferred, so you will not pay income taxes on your investment earnings until you make withdrawals. Both deductible contributions and earnings are then taxed at your regular income tax rate when the money is withdrawn.


  • Allows contributions (as long as you have earned income) up to age 70½
  • Requires distributions to begin by age 70½
  • Provides a current tax deduction for eligible participants
  • Allows investment earnings to grow tax-deferred

Roth IRA

Contributions to a Roth IRA are never tax-deductible, so they will always be tax-free upon distribution. Your earnings grow tax-deferred, so you will not pay income taxes on your investment earnings until you make withdrawals. If you take a “qualified distribution,” your earnings are tax-free.


  • Permits contributions as long as you have earned income
  • Does not require distributions to begin by a certain age
  • Can be passed along to heirs
  • Allows investment earnings to grow tax-deferred

If you would like to manage your IRA, please visit Retirement Central.

48-month term

IRA Certificate


12-month term

IRA Certificate


36-month term

IRA Certificate


60-month term

IRA Certificate


View All Rates

APR = Annual Percentage Rate
APY = Annual Percentage Yield

Only Available in US.

Frequently Asked Questions

Can I convert my Traditional IRA to a Roth IRA?

Federal regulations now allow those who own Traditional IRAs to convert to a Roth IRA, regardless of income level or marital status. You’ll want to consider important factors such as taxes, time and costs.

How much can I contribute each year?

As of 2019, a maximum of $6,000 of earned income may be contributed each year by individuals, or $7,000 if you’re 50 and older. Allowances for contributions made on behalf of a spouse that does not have earned income may also be available.

Are my contributions tax-deductible?

The deductibility of your annual contribution depends on your income, marital status and whether you and your spouse receive benefits under an employer's retirement plan. If you’re an active participant in an employer plan, the ability to fully deduct contributions is limited.

How can I manage my IRA or learn more about opening an IRA?

To learn more about saving for retirement, or to manage your IRA account, please visit Retirement Central.