Individual Retirement Account
Whether you’re a savings beginner or a pro, opening an IRA certificate from Service 1st is a winning move!
With an IRA certificate from Service 1st, you get the benefits of tax free** or tax deferred savings, plus a great rate of return! With as little as $500, you make a splash with your savings plan!
An IRA offers flexibility allowing you to make one lump sum contribution or make many throughout the year! In 2025, any individual age 49 and under can contribute up to $7,000 to an IRA.
For those individuals 50 years of age or older, the maximum contribution to a Traditional or Roth IRA is $8,000 or the amount of your taxable compensation for the year (whichever is smaller).
These limits can be split between a Traditional and a Roth IRA.***
Any questions? Call, click or stop by a branch to start saving today!
| Product | Min Balance | APY* | NR |
|---|---|---|---|
| 6 month | $500.00 | 3.75% | 3.70% |
| 12 month | $500.00 | 3.90% | 3.84% |
| 18 month | $500.00 | 0.90% | 0.90% |
| 24 month | $500.00 | 1.00% | 1.00% |
| 36 month | $500.00 | 3.00% | 2.97% |
| 48 month | $500.00 | 2.65% | 2.62% |
| 60 month | $500.00 | 2.55% | 2.53% |
*APY = Annual Percentage Yield. APY is subject to change at any time without notice. Minimum certificate investment $500. Certificate dividend rates are fixed for the term of the certificate. Dividends compounded and posted quarterly. Subject to normal IRA regulations and account restrictions. Possible penalty for early withdrawal. Service 1st offers Traditional, Roth and Educational Savings Account IRAs. Funds insured up to $250,000 by the NCUA. National Credit Union Administration.
**Consult a tax specialist to determine which IRA is best for you and to determine tax deductibility.
***Contribution limit may differ based upon your Modified Adjusted Gross Income. Consult a tax specialist for details.