Individual Retirement Account (IRAs)

Grow your nest egg

Enjoy tax advantages while you build your retirement fund and diversify your investments

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Your IRA options

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Jumpstart your IRA

Make a steady investment in your future with an IRA Certificate.

Learn more

An Individual Retirement Account (IRA) helps you save for retirement by growing your money with tax advantages. Choose from a variety of retirement accounts, including Traditional IRAs and Roth IRAs.

You can earn quarterly dividends on a variable-rate IRA, with rates adjusted monthly based on money market conditions. Or you can earn a higher rate of return with a fixed-rate Tax-Deferred IRA Certificate of one to five years.

Be sure to talk with your tax advisor before opening or converting an IRA. 

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Get started with a Global IRA

With any Global Credit Union IRA, you can:

  • Supplement your other retirement savings and investments.
  • Deposit or transfer money directly into your IRA, or set up an automatic deposit from your Global savings, checking, or money market account.
  • Transfer your existing IRA into a new Global IRA without any withdrawal penalties.
  • Your Global IRA is separately insured up to $250,000—so you can rest assured that your money is secure.
  • Pay no maintenance fees with a minimum balance of $50.

3 ways to open an IRA

1

Visit a branch

Bring a valid photo ID, a secondary form of ID, and $5 for your membership fee

Find a branch near me

2

Give us a call

You can open an IRA over the phone by calling our 24/7/365 Member Service Center

Call 800-525-9094

3

Schedule an appointment

Set up an appointment to talk with a representative at your local branch when its works best for you

Schedule an appointment

IRA FAQs

You can begin withdrawing funds from your Traditional IRA penalty-free at age 59 ½. You can withdraw contributions from your Roth IRA without penalty at any time.

You must begin making required minimum distributions (RMDs) from your IRA at age 72.

Before you make any withdrawals from your IRA, we recommend that you consult your tax advisor.

You can make some early withdrawals from a Traditional IRA before age 59 ½ without a tax penalty, including those for a first-time home purchase or eligible higher education expenses.

You can also withdraw contributions from a Roth IRA without penalty at any time.

Before you make any withdrawals from your IRA, we recommend that you consult your tax advisor.

Beginning in 2020, there is no age limit on making regular contributions to Traditional or Roth IRAs. 

For the 2024 tax year, you can deposit up to $7,000 total into your account(s). 

$8,000 if you are age 50 or over. 

Yes, Global IRAs are federally insured up to $250,000 by the NCUA, an agency of the U.S. government.

To find out more, or to use the NCUA’s Share Insurance Estimator, please visit MyCreditUnion.gov

Visit MyCreditUnion.gov

Yes, if you are enrolled in online banking, you can receive eStatements instead of paper statements in the mail. You can also sign up to receive an email reminder when your new eStatement is ready.

To sign up for eStatements:

  1. Log in to your account.
  2. Select the Account Services
  3. Select Request eStatements.
  4. Review and accept the Electronic Statements and Notices Disclosure and Agreement.

There are three ways a member can make an IRA contribution:

  1. Visit a branch
    Bring a valid photo ID 
  2. Give us a Call
    You can make a contribution over the phone by calling our Member Service Center Call 800-525-9094 
  3. Make a Transfer Online
    Sign in to your account and select the transfer option to move funds into your IRA

Always here when you need us

We don’t think exceptional service should be so exceptional. Get in touch with us 24/7/365 from anywhere in the world.

Whether it’s in a branch or over the phone, you’ll talk to a real person.

Get in touch Come in and see us

Related Products

Certificate Accounts

Money Market Accounts

Savings accounts

Health savings accounts (HSAs)

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How Do I Automatically Transfer Money to Savings?

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1Rates are subject to change at any time for any reason. See our rates page for full details.

2The annual percentage yield is the prospective yield that Global CU anticipates paying for the applicable dividend period. Yields may change after an account is opened. 

3Minimum deposit required. 

Tax deduction rules and distribution options vary with each type of IRA, so be sure to consult with your tax advisor or accountant before making any decisions about opening or converting an IRA to help avoid early withdrawal penalties. 

For complete account information, refer to the Share Account Disclosure Statement. You will also receive a copy when you open an account.