Individual Retirement Accounts (IRA)
Start saving for retirement with a variety of investment options. Invest your money in an IRA Savings or IRA Certificate account and earn higher dividends while having peace of mind that your money is safe and secure.
Open your IRA account by visiting your local branch
Find a Local Branch Rates

IRA Savings:
- Traditional IRA, SEP IRA, Roth IRA, Simple IRA, Coverdell Education Savings Account*
- Earnings may be tax-free if account requirements are met and withdrawals are used for appropriate account purpose
- All IRA rules apply
- Minimum deposit to open account is $25.00
- Tiered Account to earn interest - Check rates
- Earns dividends (figured daily, compounded monthly)
- No monthly or yearly service charge or fees
IRA Certificate:
- Traditional IRA, SEP IRA, Roth IRA, Simple IRA, Coverdell Education Savings Account*
- Terms available include 12, 24, 36, 48, and 60 months
- Five rate tiers for each term available - Check rates
- Minimum deposit to open varies by rate tier
- Certificates are automatically renewable - 10 day grace period at maturity
- Early withdrawal fee is forgiven for a qualified distribution reason
- Earns dividends (figured daily, compounded monthly)
- No monthly or yearly service charge or fees
*Dividends are tax-deffered for Traditional, SEP and Simple IRA. Earnings on a ROTH are tax-free for account owners who meet a five year holding period and withdraw the funds for a qualified reason. Coverdell Education Savings Account: Earnings grow tax-free if used for education expenses.
Pick your IRA
What savings method is best for you?
Choose an IRA Savings account if...
- You want to start planning for retirement but may need access to the funds
- You prefer to contribute smaller amounts over a period of time instead of a large lump sum in the beginning
- You've started saving but want to grow your retirement nest egg
Choose an IRA Certificate if...
- You have a large lump sum of money to invest
- You are comfortable with not having access to your funds for a period of time
- You want to earn interest more quickly on your investment

Financial Advisors
Central Minnesota Financial Advisors have all the experience and knowledge of big, national investment firms but are uniquely dedicated to serving the needs of Central Minnesota.
We understand that everyone's path to wealth management and retirement planning is different. It doesn't matter if you haven't started planning or if you've hit many bumps in the road throughout life's journey - there's always an opportunity to create a successful financial road map. Our team works with you through each stage of life and ensures you understand and are comfortable with your customized plan.
Set up a no-cost, no-obligation meeting with one of our distinguished financial advisors to get started today: (888) 597-4516 -OR- Request A Call Back

*Central Minnesota Financial Advisors Financial Professionals are registered representatives of CUNA Brokerage Services, Inc. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty States of the United States of America.
FR-3914609.1-1121-1223
IRA Certificate Rates
Effective Date 8/01/2022
Account Term | $500-$24,999 | $25,000-$49,999 | $50,000-$99,999 | $100,000-$149,999 | $150,000+ | |
---|---|---|---|---|---|---|
12 Month | ||||||
Dividend Rate | 1.143% | 1.193% | 1.242% | 1.292% | 1.292% | |
APY | 1.15% | 1.20% | 1.25% | 1.30% | 1.30% | |
24 Month | ||||||
Dividend Rate | 1.341% | 1.390% | 1.440% | 1.489% | 1.489% | |
APY | 1.35% | 1.40% | 1.45% | 1.50% | 1.50% | |
36 Month | ||||||
Dividend Rate | 1.440% | 1.489% | 1.538% | 1.587% | 1.587% | |
APY | 1.45% | 1.50% | 1.55% | 1.60% | 1.60% | |
48 Month | ||||||
Dividend Rate | 1.587% | 1.637% | 1.686% | 1.735% | 1.735% | |
APY | 1.60% | 1.65% | 1.70% | 1.75% | 1.75% | |
60 Month | ||||||
Dividend Rate | 1.833% | 1.882% | 1.931% | 1.980% | 1.980% | |
APY | 1.85% | 1.90% | 1.95% | 2.00% | 2.00% |
APY = Annual Percentage Yield.
Rates are subject to change without notice. Dividends compound monthly.
Penalty for early withdrawal: Terms of 12 months but less than 24 months = 180 Days' Dividends; Terms of 24 months or greater = 365 Days' Dividends.
For IRA Certificate accounts, the minimum opening deposit must be at least $500.00 per certificate.
IRA Savings Rates
Effective Date 8/01/2022
Dividend Rate | APY | Min Opening Deposit | Min Balance to Earn Stated APY |
---|---|---|---|
0.10% | 0.10% | $25.00 | $0 - $2,499 |
0.10% | 0.10% | $2,500 - $9,999 | |
0.15% | 0.15% | $10,000 - $24,999 | |
0.20% | 0.20% | $25,000 - $49,999 | |
0.25% | 0.25% | $50,000 - $99,999 | |
0.30% | 0.30% | $100,000-$149,999 | |
0.35% | 0.35% | $150,000+ |
APY = Annual Percentage Yield.
Rates are subject to change without notice. Dividends compound monthly. Fees could reduce earnings.
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