Individual Retirement Accounts
Honda Federal Credit Union can help you plan for retirement. We offer several types of IRAs each with their own unique features and benefits. And with compound interest, the earlier you start the more you'll have when it's time to retire. Your IRA can be invested in your choice of a savings account or a savings certificate with a term of 12, 24, 36 or 60 months.
A Roth IRA is a good choice if:
Before you open an IRA we suggest you speak with a tax professional to determine eligibility.
The funds deposited at Honda Federal Credit Union are insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. That means it’s backed by the full faith and credit of the United States government.We insure an additional $250,000 through the American Share Insurance (ASI), a private insurance company.
Insurance coverage on IRA accounts is calculated separately from other deposit accounts you may have with the credit union.