Did you know?

Did you know?

As a result of the CARES Act, IRA owners, including beneficiaries, do not have to take their yearly required minimum distributions from their IRAs or Inherited IRAs in 2020. Use this form to suspend your distribution.

Individual Retirement Accounts (IRAs)

It pays to plan ahead

Whether it’s for your retirement or your kids’ education, it pays to plan ahead for life’s big financial milestones. Individual Retirement Accounts (IRAs) help you invest in the future by giving you real tax breaks, along with no custodial or maintenance fees.

Certain IRAs work better for different needs and different situations, so come talk to Jovia about the IRA option that’s right for you, or take a look at some of the options we offer.

Guaranteed High Rate

Choose a Jovia Certificate Account and lock in a guaranteed rate for terms from three months to five years. The minimum to open is just $500!

Save Money

There are no custodial or maintenance fees on our IRA accounts, and there's no fee to transfer your IRA from another institution to us. That's money in your pocket!

Featured IRA Rates

4-Year

0.750%

APY◊

48 Months

Renewal Term

$500

Minimum to Open

0.737%

Rate

5-Year

0.850%

APY◊

60 Months

Renewal Term

$500

Minimum to Open

0.835%

Rate

IRA Savings Rate

IRA Liquid Savings±

0.200%

APY±

$9.84

Minimum Balance to Earn

0.200%

Rate

How do IRAs work?

Traditional IRA

  • Reduce your taxable income. You may be able to deduct the money you invest in a Traditional IRA each year from your taxable income, which can help reduce the amount of taxes you owe each year.

Roth IRA

  • Invest after-tax money. You won't get the initial tax deduction, but you can withdraw your contributions and earnings tax-free anytime after you turn 59½.

Education IRA

  • This is a tax-deferred savings plan that allows you to set aside money for a child's education.

APY = Annual Percentage Yield. Assumes funds remain on deposit until maturity. Subject to change without notice. Minimum balance requirements apply. No Credit Union penalties on withdrawals on IRA for normal IRA distributions. Consult a tax advisor regarding tax penalties for IRA withdrawals before age 59 ½. Penalties and fees may reduce earnings on accounts. Ask for details.

± APY = Annual Percentage Yield. Also known as IRA Savers Dividend. Rates subject to change without notice. Fees and penalties may reduce earnings on the account. Consult with your tax advisor regarding tax deductibility. A minimum of $5 must be maintained in a Savings account to have access to all of our products and services.