Roth IRA

Retire strong with tax-free savings growth; your future self will thank you

open today

disclaimer

A couple relaxing on a dock, enjoying their retirement, supported by their Civic Roth IRA savings.

Save

Retirement savings that work for you

Grow

Tax-free growth on contributions and earnings¹

Spend

Withdrawals are tax- and penalty-free

Why open a Roth IRA?

Saving for retirement is personal. And putting your money in the right places for you will matter most of all. With a Roth IRA savings account, your contributions and earnings grow tax-free, and withdrawals after the age of 59 ½ are tax- and penalty-free. It’s a solid option to put your money to work now for use in retirement.

A young woman resting after a workout, discussing her Civic Roth IRA account.

Terms

$25 minimum deposit and monthly balance to avoid $1 monthly maintenance fee
Dividends are compounded daily and paid monthly¹
Roth IRA earnings withdrawn before age 59 ½ or before the account is 5 years old may be subject to tax and penalties
6% non-deductible federal excise penalty may be imposed for excess contributions
Must be a Civic member to open a Roth IRA account

Features

Qualified contributions may be withdrawn tax- and penalty-free at any time
Ongoing deposits to your Roth IRA are not required
Annual contributions allowed up to $7,000, or $8,000 for members 50+ years old
Funds cannot be borrowed or used to secure a loan

Ready to retire strong?

Open a Roth IRA

open today

Roth IRA

Requirements and contributions, set by the IRS

0	Year	Maximum contribution limit	With catch-up contribution (age 50 or older)
1	2025	$7,000	$8,000

If you are age 50 or older in the year of contribution, you can make an additional contribution of $1,000 above the maximum contribution limit. Your taxable compensation for the year may limit the amount you can contribute.

Modified Adjusted Gross Income (MAGI) limits

0	Year	Maximum income if single	Maximum income if married and filing taxes jointly
1	2025	$150,000	$236,000
2

Rates

Roth IRA

0	Rate	APY1	Minimum deposit to open
1	2.96%	3.00%1	$25

Open your IRA

Open your Roth IRA through our partner, Ascensus, and a Civic representative will be in touch to work with you through the process.

For the best member experience, apply using online banking on a desktop or laptop computer.

1. Join Civic

2. Apply in online banking

3. Contact our Experience Center

Traditional IRA

Retirement savings with tax advantages

$25 minimum to open
Contribute up to $7,000 per year
Get tax-deferred growth
Full or partial tax deduction for contributions

learn more

A woman sits on the floor with her dog by her side, checking the growth of her Civic Choice Certificate account on her phone.

Choice Certificates

Choice Certificates help you save more in stable and predictable ways.

$250 minimum opening as a one-time deposit
Our best deposit rates and yields based on time period
6- to 60-month terms for predictable growth
Reinvest dividends or take monthly payouts

learn more

You know the details matter (and you are in good company)

Here are a few FAQs

What is an Individual Retirement Account?

An IRA is a personal savings account that allows you to save for retirement with tax-free contributions (Traditional IRA) or with tax-free withdrawals (Roth IRA).

Roth IRA vs. Traditional IRA – which is better?

The right IRA is up to you. With a Traditional IRA, your contributions are tax-deductible, but you’ll be taxed on your distributions. With a Roth IRA, distributions are tax-free, but your contributions are taxed.

Are there reasons I shouldn't open a Roth IRA?

Roth IRAs are a smart choice for many people, but you may want to talk to your financial adviser to figure out if it is the right IRA for you.

View All FAQs

Open a Roth IRA now to save for retirement

Retire strong with a Roth IRA and get tax-free growth on contributions and earnings.

apply today

1 APY = Annual Percentage Yield. Civic membership required; minimum deposit $25. Rates subject to change at discretion of Civic Credit Union Board of Directors. Service fee of $1 each month balance is below $25 at statement date. Fees could reduce balance on account. Individual Retirement Accounts offered by Civic are insured up to applicable limits by the National Credit Union Share Insurance Fund. IRA contributions, distributions, and tax treatment are governed by Internal Revenue Service rules, which may change. Civic does not provide tax, legal, or investment advice. Consult a qualified tax or financial advisor regarding your specific situation before opening or funding an IRA.