Traditional IRA

Open an IRA designed to help you save for retirement and gain tax advantages on your contributions each year.

  • Contributions may be tax deductible
  • Earnings are tax-deferred
  • Contribute every year up to age 70 1/2
  • Up to 0.40% APY with dividends paid monthly
  • Penalty-free early withdrawal options for first-time home purchase or college expenses
  • Funds federally insured up to $250,000

Note: Withdrawals in retirement are taxed at ordinary income tax rates. For other options, explore Certificates & IRAs.

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Benefits for Today and Tomorrow

Opening a Traditional IRA is a great way to save for retirement — and to gain tax advantages today. Anyone with earned income who is younger than 70 1/2 years old can open and make contributions to a Traditional IRA. Contributions may be tax deductible on both state and federal tax returns for the year in which you make the contribution. Contributions to your Traditional IRA may lower your taxable income in the contribution year, which may help you qualify for other tax incentives.

Note: Contributions to an IRA are limited by Federal Regulations. Consult your tax advisor regarding your personal tax situation. Check the current contribution limits in place each year you contribute to your Traditional IRA.


Options for Withdrawal

With a Traditional IRA, when you turn 70 1/2, you must begin taking required minimum distributions (RDMs). These withdrawals are taxed at ordinary income tax rates at the time of withdrawal. Early withdrawals are subject to penalty. Up to $10,000 may be withdrawn without the normal early withdrawal penalty to pay for qualified first-time home buyer or college expenses. At age 59 1/2, additional qualified early distributions may be allowed.

Note: Substantial penalties for early withdrawal will apply except for those specifically permitted under IRS Regulations. If you wish to make a withdrawal, check to determine whether you may do so penalty-free, or if you will face an early withdrawal penalty.


Get Help from Credit Human

Opening your IRA is easy — we’re here to help. The type of individual retirement account you choose can significantly affect your long-term savings. Be sure to understand your IRA options to choose the best one for you. For help in understanding your options, or to open an IRA, call our Member Service Center at (210) 258-1234 or toll free at 1-800-688-7228.


Your Insured Funds

Account type and ownership factor into coverage amounts. Read up on NCUA Share Insurance to maximize your coverage, estimate your coverage online, or call our Member Service Center at (210) 258-1234 or toll free at 1-800-688-7228 for further information on your insured funds.

More Details:  Account type and ownership factor into coverage amounts. Read up on NCUA Share Insurance (PDF) to maximize your coverage, estimate your coverage online, or call our Member Service Center at (210) 258-1234 or toll free at 800-688-7228 for further information on your insured funds.

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Traditional Money Fund IRA

Get all the benefits of a Traditional IRA plus the ability to earn higher dividend rates as your account balance grows.

Share Certificate

Ready to work towards a savings goal? Consider a savings certificate with flexible terms you choose.

Line of Credit

A Credit Human Line of Credit allows you to make an advance to yourself anytime up to your pre-approved line of credit limit.

Traditional IRA Rates

Account BalanceDividend RateAnnual Percentage Yield
$0.00 - $9,999.990.15%0.15%
$10,000.00 - $89,999.990.35%0.35%
$90,000.00 and up0.40%0.40%

Rates are effective as of May 26, 2017

A penalty will be imposed for early withdrawal, including substantial penalties on tax-deferred instruments.

Includes Traditional, Roth, and Education IRAs.

The variable rate may change after the account is opened. Fees could reduce the earnings on these accounts.

Balance tier determines daily dividend rate and annual percentage yield on the daily account balance.

Your Credit Human investments are insured up to at least $250,000 by the National Credit Union Administration (NCUA), as a U.S. Government Agency. In addition, your Credit Human IRA investments are insured, separately, up to $250,000 by the NCUA. Membership eligibility required. For current rates, APY, or additional information, please ask an Account Service Representative or call the Credit Human Member Service Center U.S. Toll Free at 1-800-234-7228 or in San Antonio at 210-258-1234.