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Home > Save > IRAs > Term
Home > Save > IRAs > Term

Retirement savings with higher dividends

A Term IRA is a tax-favored plan that accumulates retirement savings in a 1, 2, 3, 4, 5 or 7-year term account earning higher dividends. Annual contributions cannot exceed $6,000 ($7,000 age 50-over). Contributions may be tax deductible and dividends may be tax deferred.

There are no trustee fees on NGFCU IRAs, so all the dividends work for you.

Flexible terms and customized distributions

Here are just a few of the benefits for NGFCU Term IRA holders:

  • Minimum opening deposit of $2,000
  • Choice of terms – 1, 2, 3, 4, 5 or 7 years
  • Higher dividends available on IRAs opened with at least $40,000
  • Possible tax deductible contributions
  • Monthly dividends could be tax deferred
  • No required contributions
  • Rollovers and transfers allowed
  • Customized distributions in lump sums or monthly payments
  • A non-working spouse can open an account and make contributions
  • Federally insured

Start saving for retirement today

An NGFCU member service representative can help you complete the simple forms needed to establish your IRA. Send us your info to get started.

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IRA Consultation

Send the form below to receive a free IRA consultation. 
What type of IRA(s) would you like to open? (check all that apply):

You are being asked for information relating to scheduling a consultation. Information you provide will be used for that purpose and will not be sold to other parties.

If you would prefer to speak to an NGFCU agent call 1.800.633.2848. Agents are available 24/7.

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Are you saving enough for retirement?

Use our Retirement Income Calculator to see if your savings will support your future lifestyle.

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Tax benefits for IRA contributions

The Internal Revenue Service offers helpful guidelines about tax credits for people looking to save for retirement with an IRA.

Learn more

Important Numbers

Call Toll Free
800-633-2848 (available 24/7)

Credit Card Cardholder Services:
800-633-2848 (available 24/7)

Debit Card Fraud Center:
International Lost or Stolen Card: 727-227-9012

After hours Lost or Stolen Card: 800-754-4128

Members traveling or who reside outside of the US: 727-227-2447

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