TFCU offers a wide range of Individual Retirement Accounts (IRA) to help make your retirement dreams come true

  • A $5.00 minimum balance is required for each of our IRA savings accounts
  • No monthly fees
  • Contributions may be made in "lump sums" or by regular deposits to the IRA Savings throughout the year
  • Dividends are paid monthly
  • IRA Share Certificates are also available with a minimum deposit of $200 and terms of one year through 10 years

Traditional IRA

A traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax deductible in the year they are made.

Conduit IRA

Retiring or changing jobs? Planning on directly rolling over your qualified pension plan into an IRA? If an IRA is composed entirely of one or more rollovers from a qualified pension plan, it may, at a later date be rolled back into a qualified pension plan. You can do this with our Conduit IRA. At Ticonderoga Federal, you can open a Conduit IRA with a zero balance and we will handle the Direct Rollover request from your employer.

Roth IRA

The Roth IRA is an account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a traditional IRA. Unlike the Traditional IRA, there is no requirement to begin taking distributions at age 70½.

Educational IRA

The Educational IRA is an account that features tax-free withdrawals for a child's higher education expenses. Contributions are nondeductible, therefore unlike the Traditional IRA, distributions from an Educational IRA are penalty free and tax-free. Consult your tax advisor for further information.

IRA Share Certificates

Earn higher dividends with an IRA Share Certificate. IRA Share Certificates are available with a minimum deposit of $200.

IRA Loan

If you qualify for an IRA, Ticonderoga Federal will help you get one. If you don't have the cash to invest in an IRA, apply now for our IRA Loan. Make low monthly payments over a 12-month term. 

Current Rates: Effective July 29, 2015