Save for Retirement Securely

Lock in a high rate with a Citadel IRA certificate. Use our retirement calculator and feel more secure about your retirement savings.

IRA Certificates

A Citadel IRA certificate is a simple, no-risk way to save for your retirement. If you have at least $500 to invest, Citadel IRA Certificates—also known as CDs or certificates of deposit at other financial institutions—can help you reach your retirement goal sooner.

Additional Features

Best For...
A high, fixed savings rate
A secure way to save for retirement

IRA Certificate Rates

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Are my current retirement savings sufficient?

Are my current retirement savings sufficient?

One method of retirement planning is to project what you are currently saving and have accumulated to date and see if you will have enough to meet your retirement objectives. Use this calculator to determine when/if the money will run out during retirement and it will recommend additional savings if required.

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Retirement Savings and Assumptions

Your current age (1 to 120)

1 120

Current annual income($)

$0 $1,000,000

Annual pension benefit at retirement($)

$0 $1,000,000

Spouse's annual income (if applicable)($)

$0 $1,000,000

Current annual savings amount($)

$0 $1,000,000

Current retirement savings amount($)

$0 $2,000,000

Current annual savings increases (0 to 10%)

0% 10%

Expected inflation (0 to 10%)

0% 10%

Desired retirement age (1 to 120)

1 120

Number of years of retirement income (1 to 40)

1 40

Income replacement at retirement (0% to 300%)

0 300%

Pre-retirement investment return (-12% to 12%)

-12% 12%

Post-retirement investment return (-12% to 12%)

-12% 12%

Social Security override amount($)

$0 $4,000
Marital status
Include Social Security benefits?
Pension increases with inflation?
Calculate

Fees

$10

Closing service fee (if applicable)

Security

  • Citadel is committed to helping you protect your hard-earned money.

  • All Citadel deposits are federally insured up to $250,000 per member by the National Credit Union Administration, an agency of the U.S. government.

  • Communicate with us securely through our Online Banking secure messaging system.

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Frequently Asked Questions

What's the difference between a traditional IRA and a Roth IRA?

A Roth IRA is a retirement savings account that provides federally tax-free growth and withdrawals once the account has been open for 5 years and you are 59½ years of age. Contributions can be withdrawn at any time, tax and penalty-free.


A traditional IRA is a retirement savings account that provides federally tax-deferred growth. Withdrawals after the age of 59½ are taxed at your tax rate at that time. Contributions may be tax-deductible. Withdrawals before the age of 59½ are subject to taxes and a 10% federal penalty.


Anyone with earned income under the age of 70½ can contribute to a traditional IRA. Roth IRAs are restricted to those who do not exceed certain modified adjusted gross income limits.


Traditional IRA contributions may be tax-deductible. Roth IRA contributions cannot be deducted.


(Subject to certain rules. Consult your tax advisor.)

What is a rollover IRA and why should I consider opening one?

A rollover IRA is a retirement savings account specifically designed to receive transfers from a previous employer-sponsored retirement plan, such as a 401(k) or 403(b). Benefits include:

• Retention of tax-deferred status of your retirement savings
• Consolidation of your retirement accounts for simplified management and greater control
• A wider variety of investment choices, letting you find investments that more closely fit your financial goals and style
• Opportunity for your retirement savings to continue growing

(Subject to certain rules. Consult your tax advisor.)

How much can I contribute to an IRA account annually?

$5,500 if you are under age 50, $6,500 if you are 50 or older.

(Subject to certain rules. Consult your tax advisor.)

Still have questions? Visit our help center.

*IRA Certificate Disclosures

View *IRA Certificate Disclosures

Information accurate as of and is subject to change without notice. All rates expressed as Annual Percentage Yield (APY). Minimum deposit to open and earn APY is $500. Fees may reduce earnings.


Balance Requirements:
Minimum deposit of $500.


Early Withdrawal Provisions:
Citadel will impose a penalty if you withdraw any of the funds before the maturity date. The penalty imposed will equal 90 days of dividends on your account for account terms of one year or less; 180 days of dividends for account terms greater than one year and less than three years; and 365 days of dividends for account terms of three years or greater.

We calculate all early withdrawal penalties on the principal amount withdrawn at the dividend rate in effect on the account on the withdrawal date. If your account has not earned enough dividends to cover an early withdrawal penalty, we deduct any dividends first and take the remainder of the penalty from your principal.


Renewal Policies:
Your Account will automatically renew at maturity. You will have a grace period of 10 calendar days following maturity to make withdrawals from or deposits to Your Account.


Transaction Limitations:
You may not make any deposits to this Account after it is established.

 

1About Datatrac: Datatrac’s comprehensive, unbiased research and analysis is updated each business day and is conducted independent of any financial institution. There is no guarantee that you will receive the rates and terms displayed herein. Actual rates and terms are in the full discretion of the financial institution and are subject to your credit rating and other factors. Please contact us directly with any questions regarding our current rates and terms.


Datatrac is an independent, unbiased research firm that has monitored deposit and loan rates, fees, and product features for over 25 years on more than 100,000 financial institution locations in North America. www.datatrac.net


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