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Checking and Savings

Individual Traditional IRA Accounts*

A Traditional IRA share a offers you a way to save for your retirement with the goal of creating certain tax advantages (these advantages vary according to your income and eligibility). We offer the following features:

  • LAPFCU offers both IRA share and IRA share certificate accounts.
  • $5.00 minimum deposit to open an IRA share account; $500 minimum required deposit for opening an IRA share certificate.
  • Deposits may be made through direct deposit or automated transfers into IRA share account
  • Additional deposits may be made into IRA share account at any time, up to the maximum contribution allowed, per year, by law
  • No account maintenance fees
  • Dividends compound monthly
  • Tax deferred contributions and dividends may become taxable upon withdrawal (consult your tax advisor)
  • Withdrawals from traditional IRAs can begin at age 59-1/2 penalty-free

If you want to see what returns you'll receive from the Traditional IRA, click here to use our online Retirement Calculator.

Here's how you can open an account:

You can call our 24 Hour Communications Department at 877-MY-LAPFCU (877-695-2732) for more information.  You may also stop by any of our four branches. Click here for branch locations.

* Please consult your tax advisor for recommendations on which type of IRA will be most beneficial to your specific financial situation and IRS restrictions.


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