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Individual Retirement Accounts (IRAs)

Invest in your retirement with these reliable options.

Contact us today to open your account.

Questions? We can help.

Connexus IRA Accounts

Choose the retirement account that works for your unique timeline and goals.

IRA Share Certificates

These Certificates offer a fixed yield and term with a fixed maturity.

 Call 800.845.5025

Bump-Up IRA Share Certificate

The Bump-Up IRA Share Certificate yields offer the option to bump the rate once during the term.

Certificate – Bump-up Rates
TermAPY‍5Dividend rate
24 months2.37%2.349%
Accurate as of 10/15/2025
 Call 800.845.5025

IRA Savings Accounts

These accounts have variable interest and no fixed term. Plus, there’s no minimum opening deposit required.

IRA Savings Account Rates – New
BalanceAPY‍4Dividend rate
$10,000 and over0.40%0.399%
$0 to $9,999.990.25%0.250%
Accurate as of 10/15/2025
 Call 800.845.5025

Features

Traditional vs Roth

Traditional IRAs

These are potentially tax-deferred retirement plans. Your qualified contributions may be tax-deductible and can be made at any age, as long as you have earned income. Taxes are paid on your funds at the time of withdrawal.

Annual contribution limits for Traditional IRAs

IRA Contribution Limits
Age20222023
Under 50$6,000$6,500
50 and Over$7,000$7,500

Roth IRAs

Roth IRA contributions are made with after-tax dollars. Funds are tax-free when withdrawn unless you are taxed for early withdrawal penalties before age 59 ½. As long as you have earned income, contributions can be made at any age.

Annual contribution limits for Roth IRAs

IRA Contribution Limits
Age20222023
Under 50$6,000$6,500
50 and Over$7,000$7,500

FAQs: You asked. We answered.

Individual Retirement Account

Can I contribute to both a Traditional and a Roth IRA?
Yes, as long as you do not exceed the contribution limits set by the IRS. See a tax professional for more details of visit IRS.gov for IRA limits.
What is the maximum I can contribute to my Roth IRA?
Your annual Roth IRA contributions cannot exceed your annual compensation or the limits set by the IRS, whichever is less. See a tax professional for more details or visit IRS.gov for IRS limits.
Can I still contribute to my Traditional IRA if I make too much money for an IRA tax deduction?
Yes. There are no income limits to make contributions to a Traditional IRA. However, it is possible to be affected by filing status and participation in an employer retirement plan. Contributions must not exceed IRS limits. For more details or visit IRS.gov.
I don’t know which IRA is right for me. How can I figure that out?
To determine which IRA is best for you, please consult your tax professional.
How do I open a Traditional or Roth IRA?

To apply for a Traditional or Roth IRA, please call our Member Contact Center at 800.845.5025, and we’ll help you get started.

Disclosures

APY = Annual Percentage Yield

See our Fee Schedule for a list of fees you may encounter.

Because these accounts have different features and deposits are based on your personal tax situation, contact your tax or legal professional or the IRS for specific tax information about state or local income taxes. This is intended to provide general information on federal regulations pertaining to Traditional and Roth IRAs. It is not meant to provide legal advice or individual tax recommendations. IRA contribution limits are determined by the IRS and apply to any financial institution, not just Connexus.

  1. Rates are accurate as of 10/15/2025 and are subject to change. Connexus Credit Union membership and $5,000 opening deposit required. A penalty will be imposed for early withdrawal. Fees may reduce earnings. Offer not valid on business or organization accounts.
  2. Rates are accurate as of 10/15/2025 and are subject to change. Connexus Credit Union membership and $100,000 minimum deposit required. A penalty will be imposed for early withdrawal. Offer not valid on business or organization accounts.
  3. Rates are accurate as of 10/15/2025 and are subject to change. Connexus Credit Union membership and $5,000 minimum deposit required. A penalty will be imposed for early withdrawal. Offer not valid on business or organization accounts. Special certificate renews automatically to a standard 12-month term at the rate in effect at the time of renewal, unless instructed otherwise.
  4. Rates are accurate as of 10/15/2025 and are subject to change. Connexus Credit Union membership and $100,000 minimum deposit required. A penalty will be imposed for early withdrawal. Offer not valid on business or organization accounts. Special certificate renews automatically to a Jumbo 12-month term at the rate in effect at the time of renewal, unless instructed otherwise.
  5. Rates are accurate as of 10/15/2025 and are subject to change. Connexus Credit Union membership and $5,000 minimum deposit required. A penalty will be imposed for early withdrawal. Offer not valid on business or organization accounts. Bump-Up Share Certificates allow a one-time rate increase during the original term plus a one-time rate increase during each subsequent term. You must exercise the bump-up rate increase option during the then-current term. Please see the Truth-in-Savings disclosure for more information.
  6. APY accurate as of 10/15/2025 and are subject to change. Connexus Credit Union membership required. Fees may reduce earnings. ATM transactions not included.