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.

Which IRA Is Best for You?
Selecting the appropriate IRA for your needs depends upon your individual economic situation and the taxes that you will pay on each type of IRA. We recommend that you consult with a professional tax advisor to select your best option.

A Traditional IRA is a good choice if:

  • Your income is too high for a Roth IRA
  • You need to roll over assets from an employer-sponsored plan
  • You expect to be in a lower tax bracket when your withdrawals begin

A Roth IRA is a good choice if:

  • You anticipate being in a higher tax bracket when you retire
  • You don’t get a tax deduction for traditional IRAs
  • You want to take distributions from an IRA BEFORE AGE 59½

Before you open an IRA we suggest you speak with a tax professional to determine eligibility.

How to Open an IRA Account?
If you’re already a member, you can open an IRA account at your local branch or call one of our friendly Member Service Representatives at 1-800-634-6632 (1-800-63-Honda).

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.
If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 800-634-6632 for assistance. Also, all products, services and information available on this website are also available at any of our physical branches, where we would be happy to assist you further.
Part of the Family
  • Federally Insured by NCUA
  • Equal Housing Lender
  • America's Credit Unions
  • American Share Insurance
Honda FCU is registered with the Nationwide Mortgage Licensing System & Registry (NMLS#: 709435)