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Individual Retirement Account (IRA)

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Premium IRA Certificates
6 Month APY

IRA Certificates
6 Month APY

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Premium IRA Certificate

Maximize your returns with a Premium IRA Certificate with rates often well above the national certificate of deposit average
Dividends compound monthly

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IRA Certificate

IRA Certificate: secure and flexible

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Coverdell Education Savings account

A Coverdell Education Savings account is a great way to plan ahead for your child’s education.
This special savings account allows your money to grow tax-deferred, and when it’s time to pay for qualified education expenses, the funds can be withdrawn tax-free. It’s a simple, smart way to invest in your child’s future.

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Traditional IRA

Putting money into a Traditional IRA can defer taxes on your earnings. IRA funds are insured separately from other deposits by the NCUA.

 

See features & requirements

Roth IRA

Putting money into a Roth IRA allows you to take eligible distributions tax free. IRA funds are insured separately from other deposits by the NCUA.

 

See features & requirements

FAQs

  • Getting started is simple. Central One offers several IRA options, Traditional, Roth, and IRA Certificates, so you can begin saving in a way that fits your goals. Our IRAs are insured separately by the NCUA and offer secure, flexible ways to build long term savings. You can open an IRA online, book a virtual appointment, or visit any branch to get personalized guidance

  • Central One offers Traditional IRAs, Roth IRAs, IRA Certificates, and Coverdell Education Savings Accounts. Traditional and Roth IRAs each provide distinct tax advantages, while IRA Certificates offer guaranteed dividend rates with fixed terms. The Coverdell ESA helps families save tax free for qualified education expenses.

  • A Traditional IRA allows you to defer taxes on your earnings until retirement, and qualified distributions begin at age 59½, with required distributions starting at age 73. A Roth IRA allows eligible withdrawals to be tax free, giving you flexibility in retirement income planning. Both are insured separately from other deposits for added security

  • IRA withdrawals before age 59½ may incur IRS penalties, unless they meet specific exceptions. If your IRA includes a certificate, early withdrawals may also incur a credit union penalty for breaking the term. Required minimum distributions begin at age 73 for Traditional IRAs.

  • Your ideal IRA depends on your tax situation, retirement timeline, and savings goals. Central One’s IRA comparison calculator lets you see how your savings may grow over time in a Traditional vs. Roth IRA, helping you choose the best fit. Our team is also here to help you review your options and build a plan that supports your future.

Get started securing your retirement!

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  • IRA Important Information

    Dividend rates are accurate as of the last dividend declaration date. All savings and money market accounts are considered variable rate accounts and rates are subject to change at any time without notice. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings on the account. ** IRA Disclosure: Distributions may be taken after age 59 ½ without an IRS penalty and are mandatory after age 73. There are special circumstances in which you withdraw funds without an IRS penalty. There may be a credit union penalty if the withdrawal breaks the term of the certificate. Unlike many employer-sponsored retirement plans in which access to assets might be limited until the participant has a change of employment or reaches retirement age, access to IRA assets is guaranteed, always. Most Traditional IRA distributions taken before the IRA owner reaches age 59 ½ are subject to a 10 percent early distribution penalty tax. The 10 percent early distribution penalty tax does not apply in the following situations: Age 59½ Death Disability Certain medical expenses Health insurance premiums following unemployment First home buyer expenses Higher education expenses IRS levy Series of substantially equal periodic payments Qualified reservists’ distributions IRS Publication 590, Individual Retirement Arrangements (IRAs), provides more detail on these penalty tax exceptions.
    Traditional IRA funds be

     

    Distributions may be taken after age 59 ½ without an IRS penalty and are mandatory after age 73. There are special circumstances in which you withdraw funds without an IRS penalty. There may be a credit union penalty if the withdrawal breaks the term of the certificate.

    Unlike many employer-sponsored retirement plans in which access to assets might be limited until the participant has a change of employment or reaches retirement age, access to IRA assets is guaranteed, always. Most Traditional IRA distributions taken before the IRA owner reaches age 59 ½ are subject to a 10 percent early distribution penalty tax. The 10 percent early distribution penalty tax does not apply in the following situations:

    • Age 59½
    • Death
    • Disability
    • Certain medical expenses
    • Health insurance premiums following unemployment
    • First home buyer expenses
    • Higher education expenses
    • IRS levy
    • Series of substantially equal periodic payments
    • Qualified reservists distributions

    IRS Publication 590, Individual Retirement Arrangements (IRAs), provides more detail on these penalty tax exceptions.

    Traditional IRA funds become reportable income after distribution; please consult your tax professional. Savings and Certificates

     

    Refer to Central One Federal Credit Union’s Our Rates and Service Charges Disclosure and Member Service Agreement

     

Premium IRA Certificates Features & Requirements

Features

  • Premium interest rate, often well above the national CD average
  • Dividends compound monthly
  • Choose to have dividends transferred monthly to any of your accounts or paid to you by check
  • Federally insured by the NCUA

Requirements

  • Minimum deposit of $5 in Owner Voting Share account
  • Minimum balance of $10,000 to open account
  • Enrolled in Premium Checking
  • Open and maintain a Premium Checking account
  • Subject to early withdrawal penalties*
  • Fees may reduce earnings
  • Choose from Traditional and Roth IRAs, see eligibility guidelines below

Premium IRA Certificates Rates

  • APY- Annual Percentage Yield
  • APY accurate as of the date listed below.
  • Minimum balance of $10,000 to open account and to earn APY
  • Fees may reduce earnings.
  • Penalty may be imposed for early withdrawal.
  • Open and maintain a Premium Checking account

Rates effective as of: March 8, 2026

*APY - Annual Percentage Yield
Fees may reduce earnings
Subject to early withdrawal penalties
Terms

Refer to Central One Federal Credit Union's Member Service Agreement and Our Rates and Service Charges Disclosure

Current Certificate Features & Requirements

Features

  • Dividends compound monthly
  • Choose to have dividends transferred monthly to any of your accounts or paid to you by check
  • Federally insured by the NCUA
  • Fees may reduce earnings.

Requirements

  • APY- Annual Percentage Yield
  • APY accurate as of the date listed below.
  • Minimum balance of $500 to open account and to earn APY
  • Fees may reduce earnings.
  • Penalty may be imposed for early withdrawal.

Current Certificate Rates

  • APY- Annual Percentage Yield
  • APY accurate as of the date listed below.
  • Minimum balance of $500 to open account and to earn APY
  • Fees may reduce earnings.
  • Penalty may be imposed for early withdrawal.

Rates effective as of: March 8, 2026

*APY - Annual Percentage Yield
Fees may reduce earnings
Subject to early withdrawal penalties
Terms

Refer to Central One Federal Credit Union's Member Service Agreement and Our Rates and Service Charges Disclosure

Traditional IRA Feature & Requirements

Features

  • Earnings grow tax-deferred until they are withdrawn
  • Contributions may be tax deductible
  • IRA owners aged 50 and over can make “catch up” contributions of up to $1,000 making their total allowable contribution $8,000 per year
  • Anyone who has received a distribution from a qualified retirement plan can move the proceeds of the qualified plan into a Traditional IRA
  • Contributions can be made weekly or monthly via Direct Deposit to an IRA Share Savings Account
  • Competitive interest rates

Additional information

  • Must have earned income or be “married filing jointly” with a spouse receiving income
  • Contribution limit of $7,000 per year or 100% of earned income, whichever is less
  • Prior to age 59 ½ there may be an IRS penalty for early distribution
  • Certificates subject to early withdrawal penalties
  • Fees may reduce earnings.

 

Roth IRA Feature & Requirements

Features

  • Contribute up to $7,000 per year
  • IRA owners aged 50 and over can make “catch up” contributions of up to $1,000 making their total allowable contribution $8,000
  • Contributions can be made weekly or monthly via Direct Deposit to an IRA Share Savings Account
  • Competitive interest rate
  • Contributions are not tax deductible

Additional information

  • Adjusted Gross Income (AGI) must be less than the allowable limit set by Congress.
  • Must have earned income or be “married filing jointly” with a spouse receiving income
  • Contribution limit of $7,000 per year or 100% of earned income, whichever is less
  • Fees may reduce earnings.
  • Prior to age 59 ½ there may be an IRS penalty for early distribution
  • Certificates subject to early withdrawal penalties

 

Coverdell Education Savings Account Feature & Requirements

Features

  • Earnings accumulate on a tax-deferred basis
  • Withdrawals are tax-free if used for qualified education expenses
  • Available for use at public, private, or religious elementary or secondary schools
  • Available for use at an eligible higher education institution
  • Contributions are not tax deductible
  • Fees may reduce earnings.

Requirements

  • Features
    • Earnings accumulate on a tax-deferred basis
    • Withdrawals are tax-free if used for qualified education expenses
    • Available for use at public, private, or religious elementary or secondary schools
    • Available for use at an eligible higher education institution
    • Contributions are not tax deductible
    • Fees may reduce earnings.

    Requirements

    • Child under 18 at time of account opening
    • Contributions:
      • Cannot be made after the beneficiary reaches age 18 (unless the beneficiary is a “special needs” beneficiary)
      • Cannot exceed $2,000 per year per beneficiary
      • See IRS.gov for additional rules and requirements

Coverdell Education Savings Account Rates

Features

  • Earnings accumulate on a tax-deferred basis
  • Withdrawals are tax-free if used for qualified education expenses
  • Available for use at public, private, or religious elementary or secondary schools
  • Available for use at an eligible higher education institution
  • Contributions are not tax deductible
  • Fees may reduce earnings.

Requirements

  • Child under 18 at time of account opening
  • Contributions:
    • Cannot be made after the beneficiary reaches age 18 (unless the beneficiary is a “special needs” beneficiary)
    • Cannot exceed $2,000 per year per beneficiary
    • See IRS.gov for additional rules and requirements
Savings and Money Market Accounts

Rates effective as of: March 8, 2026

*APY-Annual Percentage Yield Rates subject to change after account opening.
Fees may reduce earnings
Terms

All Rates

  • All IRA Certificates

    • Dividend rates are accurate as of the date listed below.
    • APY- Annual Percentage Yield
    • Fees may reduce earnings.
    • Penalty may be imposed for early withdrawal.

    Premium IRA Certificate Only

    • Minimum balance of $10,000 to open account and to earn APY
    • Open and maintain a Premium Checking account

    IRA Certificate Only 

    • Minimum balance of $500 to open account and to earn APY
Premium Certificate and IRA Rates

Rates effective as of: March 8, 2026

*APY - Annual Percentage Yield
Fees may reduce earnings
Subject to early withdrawal penalties
Terms

Refer to Central One Federal Credit Union's Member Service Agreement and Our Rates and Service Charges Disclosure

Regular Certificate and IRA Rates

Rates effective as of: March 8, 2026

*APY - Annual Percentage Yield
Fees may reduce earnings
Subject to early withdrawal penalties
Terms

Refer to Central One Federal Credit Union's Member Service Agreement and Our Rates and Service Charges Disclosure

IRA Disclosures

Premium IRA Certificates

Rates are subject to change. APY- Annual Percentage Yield To be eligible for Premium Certificates, the member must be at least 18 years of age and have minimum monthly direct deposit of $1,500 into a Premium Checking account. Premium Certificates have a minimum balance requirement of $10,000. Dividends are compounded monthly, and the certificate auto renews at the end of the term.

IRA Certificates

Rates are subject to change. APY- Annual Percentage Yield Dividends are compounded monthly, and the certificate auto renews at the end of the term.

Savings and Money Market Accounts

Rates subject to change. APY-Annual Percentage Yield Savings and Money Market Accounts (Savings and Maxi) Important Information: Dividend rates are accurate as of the last dividend declaration date. All savings and money market accounts are considered variable rate accounts and rates are subject to change at any time without notice. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings on the account. Refer to Central One Federal Credit Union’s Member Service Agreement and Our Rates and Service Charge Disclosure.

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Adjustable Rate Mortgages

  • The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 40 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application. Payments do not include taxes and insurance. 

    Begin the Application Process Check Rates

  • The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 40 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance. 

     

    Begin the Application Process Check Rates

  • The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance. 

     

    Begin the Application Process Check Rates

  • The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

Order Checks for your Home Equity Line of Credit (HELOC)

You can order checks through this link Order Checks or by calling 800-355-8123. You will need to input your account number and the Central One routing number (211387169). As a security precaution, you will not be able to change the address on the checks and all orders will be sent to the address of record on the account.

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