IRA Savings Account
Advia Credit Union's IRA Share Savings account is a flexible IRA savings account that lets you save for retirement at your own pace. Choose Traditional or Roth, contribute up to the annual IRA limit, and earn interest with no minimum balance required to open.
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What is an IRA Savings Account?
An IRA (Individual Retirement Account) is one of the most tax-advantaged ways to save for retirement outside of an employer-sponsored plan like a 401(k). Unlike a standard savings account, the earnings in your IRA grow tax-deferred (Traditional) or tax-free (Roth), which can significantly accelerate your retirement savings over time.
- No minimum balance required to open
- Interest paid and compounded quarterly
- Earn interest on balances of $500 or more
- Contribute up to the annual IRA limit
- Available as a Traditional or Roth IRA Savings Account
- Federally insured by NCUA up to $250,000 per depositor
Why open an IRA Savings Account?
An IRA savings account gives you a simple, flexible way to build retirement savings without locking your money into a fixed term. Here's why it may be a great fit:
- Save for retirement at your own pace with flexible contributions
- Grow your balance tax-deferred (Traditional) or tax-free (Roth)
- Access your funds when you need them without a certificate early withdrawal penalty
- No minimum balance to open, so you can start with any amount
- Pair with an IRA CD for a balanced retirement savings strategy
- Manage deposits, withdrawals, and more through IRA Central
Which IRA Savings Account is right for you?
Both options let you save for retirement with flexibility and no minimum balance. The difference comes down to when your money is taxed and what fits your retirement plan.
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IRA CD Col #1
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Traditional IRA Savings
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Roth IRA Savings
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|---|---|---|
| Tax on contributions | Contributions may be tax-deductible¹ | Contributions are made with after-tax dollars |
| Tax on withdrawals | Taxed as income when you withdraw in retirement | Qualified withdrawals in retirement are tax-free¹ |
| Required minimum distributions | Yes, starting at age 73 | No required minimum distributions during your lifetime |
| Best if you... | Want the potential to reduce your tax bill now | Want tax-free income when you retire |
| Income Limits | No income limit to contribute (deductibility may be limited) | Income limits apply — check IRS guidelines |
Current IRA Savings Account Rate
Your IRA Share Savings account earns interest on balances of $500 or more, paid and compounded quarterly.
IRA Share Savings APY:1
0.40%
Annual Percentage Yield (APY) is accurate as of 06/16/2026.
How an IRA Savings Account works.
A few simple steps to start building your retirement savings with flexibility.
Open your IRA Savings Account at any branch or by phone
Choose your IRA type: Traditional or Roth
Make contributions anytime, up to the annual IRA limit
Earn quarterly interest and watch your retirement savings grow
Estimate your retirement savings growth.
Ready to start building your retirement savings?
Open an IRA Savings Account at Advia and start contributing at your own pace. Whether you choose a Traditional or Roth IRA, your savings grow with the flexibility you need and the tax advantages you deserve.
Frequently Asked Questions
An IRA Savings Account is a retirement savings account that works like a regular savings account but is held inside a Traditional or Roth Individual Retirement Account. Your contributions can grow tax-deferred or tax-free depending on your account type. Unlike an IRA CD, your money isn't locked into a fixed term, so you can contribute or withdraw funds with more flexibility.
An IRA Savings Account lets you add money at any time up to the annual contribution limit, and your funds aren't locked into a set term. An IRA CD requires a fixed deposit for a specific term length and typically offers a higher interest rate in exchange for that commitment. Many members use both together as part of a balanced retirement savings strategy.
No, there is no minimum balance required to open an IRA Savings Account at Advia. You will need a balance of $500 or more to begin earning interest, which is paid and compounded quarterly.
You can contribute up to the annual IRA limit set by the IRS. For 2026, the contribution limit is $7,000, or $8,000 if you are 50 or older. These limits apply to the total of all your IRA accounts combined, including both savings and CDs.
Yes. Many members pair an IRA Savings Account with one or more IRA CDs to balance flexibility with higher fixed rates. Your IRA Savings Account gives you easy access for ongoing contributions, while IRA CDs lock in a guaranteed return on funds you don't need right away.
Still have questions about IRA Savings?
We're here to help. Chat with Ava, call 844.ADVIA.CU, schedule an appointment, or stop by any branch.
- An IRA Transfer fee of $25.00 will be charged for each external IRA transfer/withdrawal.