Save Smart at Sound
Individual Retirement Accounts
Flexible savings option with potential tax benefits*
Saving for retirement?
IRAs are a flexible savings option with potential tax benefits*, making them a great way to supplement a 401(k) or other employer-sponsored plan.
Put an IRA Savings Account to Work For You
While each IRA type has its own rules, they share a few key features.
Start with any amount
No minimum balance required, so get started anytime.
Grow over time
All IRAs earn dividends, giving your savings the potential to grow the longer you keep them invested.
Flexible Contributions
Make deposits at any time, for any amount, up to the annual IRS limits.
Compare IRAs
-
Good for those who want:
Good for those who want:
-
Tax deduction on contributions*
Tax deduction on contributions*
-
Tax-deferred earnings*
Tax-deferred earnings*
-
Tax-free growth on earnings*
Tax-free growth on earnings*
-
Tax-free withdrawals during retirement*
Tax-free withdrawals during retirement*
-
Required minimum distribution after 70 1/2
Required minimum distribution after 70 1/2
-
Available as a Savings Account (view rates)
Available as a Savings Account (view rates)
-
Available as a Certificate Account (view rates)
Available as a Certificate Account (view rates)
-
No annual maintenance fees
No annual maintenance fees
Traditional IRA
-
Good for those who want:
- Deductions now
- Have income too high to qualify for a Roth IRA
- Expect to be in a lower tax bracket in retirement
-
Tax deduction on contributions*
-
Tax-deferred earnings*
-
Tax-free growth on earnings*
-
Tax-free withdrawals during retirement*
-
Required minimum distribution after 70 1/2
-
Available as a Savings Account (view rates)
-
Available as a Certificate Account (view rates)
-
No annual maintenance fees
Roth IRA
-
Good for those who want:
- Tax-free withdrawals in retirement
- No required minimum distributions at 70 1/2
- Expect to be in the same or higher tax bracket in retirement
-
Tax deduction on contributions*
-
Tax-deferred earnings*
-
Tax-free growth on earnings*
-
Tax-free withdrawals during retirement*
-
Required minimum distribution after 70 1/2
-
Available as a Savings Account (view rates)
-
Available as a Certificate Account (view rates)
-
No annual maintenance fees
|
Account |
Dividend Rate |
APY* |
Minimum Balance to Open |
Minimum Balance To Earn APY* |
|---|---|---|---|---|
|
*APY = Annual Percentage Yield. Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions. All savings accounts which have dividends compounded and credited are paid monthly.
|
||||
|
Account IRA Savings |
Dividend Rate 0.15% |
APY* 0.15% |
Minimum Balance to Open – |
Minimum Balance To Earn APY* – |
|
IRA Certificates |
Dividend Rate |
APY* |
Minimum Balance |
|---|---|---|---|
|
Rates and fees are subject to change. Early withdrawal penalties apply and may reduce earnings. Please check with your local branch, or call if we can answer any questions. *APY = Annual Percentage Yield Note: All savings accounts which have dividends compounded and credited are paid monthly. This Rate and Fee Schedule sets forth current conditions, rates, fees and charges applicable to your accounts at Sound Credit Union at this time. The Credit Union may offer other dividend rates, annual percentage yields and fees or amend the dividend rates, annual percentage yields and fees contained in this schedule from time to time. Fees may reduce earnings. Each account holder agrees to the terms set forth on this Rate and Fee Schedule and acknowledges that it is a part of the Membership and Account Agreement. Federally insured by NCUA. |
|||
|
IRA Certificates 12 months |
Dividend Rate 3.93% |
APY* 4.00% |
Minimum Balance $1,000 |
|
IRA Certificates 18 months |
Dividend Rate 2.95% |
APY* 2.99% |
Minimum Balance $1,000 |
|
IRA Certificates 24 months |
Dividend Rate 2.72% |
APY* 2.75% |
Minimum Balance $1,000 |
|
IRA Certificates 36 months |
Dividend Rate 2.62% |
APY* 2.65% |
Minimum Balance $1,000 |
|
IRA Certificates 60 months |
Dividend Rate 2.23% |
APY* 2.25% |
Minimum Balance $1,000 |
Have a Simplified Employee Pension (SEP) with your employer?
Call our Contact Center or visit your local branch to open a SEP IRA and start saving for retirement today.
IRA Rollovers & Transfers
If you have an IRA at a different bank, simplify your finances by transferring- or rolling-over those funds to your Sound IRA. Call our Contact Center or visit your local branch to get started.
IRA Contribution Limits
For details on income requirements and limits, visit the IRS website.
-
2025
2025
-
2026
2026
Standard
-
2025
$7,000
-
2026
$7,500
Catch-up Contribution (age 50+)
-
2025
$1,000
-
2026
$1,100
Open your Individual Retirement Account Today.
Benefit from competitive rates, flexible contributions and potential tax savings*.
Explore More Retirement Savings Options
Our representatives are happy to walk through Traditional, Roth, and SEP IRA savings with you, answer questions, and help you decide what may be right for your situation.
Retirement Accounts 101: The Basics on What You Need
If you don’t have an employer-sponsored retirement plan, it’s time to look at IRAs. IRA stands for Individual Retirement Account, and there are four different types — all of which fall under the heading of ‘self-directed’ retirement plans Continue reading
Five Good Money Habits to Boost Your Retirement Savings
Understanding the give-and-take of budgeting is a powerful skill, and it’s easier to cut spending when you can put it in the context of achieving a goal. Continue reading
How Much Should You Save For Retirement?
What do you want your retirement to look like? If you haven’t asked that question, it’s time. Continue reading
Back to top Disclosures
Sound membership with a Prime Savings is required. Rates and fees are subject to change at any time.
For specific tax advice, consult your tax advisor.
FEDERALLY INSURED BY NCUA