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IRA

Planning for retirement now is the best way to enjoy retirement then!

Statistics show that only one out of ten Americans are saving enough for retirement.  An Individual Retirement Account (IRA) is an excellent way to save for your retirement years. One reason is that the income tax on your IRA earnings is deferred until you begin making withdrawals. Another reason is that you possibly qualify for a full or partial tax-deduction of your IRA contributions (we encourage you to seek profession tax advices).

Texas Bay has a variety of IRA products to help you plan for retirement.  With options including the Traditional IRA, Roth IRA, or even the Coverdell Education Savings Accounts, you have the flexibility to fit your future needs.  So, if you don’t already have an Individual Retirement Account hard at work for you, stop in at any Texas Bay branch location to start one today!

  • Open an IRA or IRA CD with just a $1,000 deposit
  • Deposit accounts are insured up to $250,000 by the National Credit Union Administration
  • Plus, additional deposits are insured through Excess Share Insurance up to $500,000, the highest level of combined federal/private share savings insurance available.

IRA balances are insured up to $250,000 by the National Credit Union Administration.