IRAs

Accounts

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About IRAs

Individual Retirement Accounts (IRAs) offer various tax benefits for retirement savings. Capitol View offers three IRA types, each with valuable features.

Explore each to determine which might be best for you. Consult your tax professional for tax advice regarding your IRA options.

Traditional IRAs

  • Tax deferred
  • Tax deductible contributions possible
  • Contribute up to $7,000/year ($8,000/year if 50 years old or older)
  • Withdrawals are penalty free beginning at age 59 ½

Educational IRAs

  • Tax deferred
  • Distributions are tax-free if used to pay for qualified education expenses

Roth IRAs

  • Tax free withdrawals of contributions (earnings are still taxable)
  • Contribute up to $7,000/year ($8,000/year if 50 years old or older)
  • Withdrawals are penalty-free, even before age 59 ½

IRA contributions cannot exceed the contribution limits, regardless of if you have multiple IRAs at different institutions or IRAs of differing types. IRA contributions must be made using earned income. Contact your tax professional for tax advice.

IRA Rates

Average Daily BalanceRateAPY
$100 or higher0.75%0.75%
Rates are as of October 9, 2024 and are subject to change. Dividends are paid quarterly.
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To calculate the future value of a one-time, lump-sum investment, enter the dollar amount invested, the interest rate you expect to earn, and the number of years you expect to let the investment grow, then click the "Perform Calculation" button.

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The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.

To calculate the future value of a monthly investment, enter the beginning balance, the monthly dollar amount you plan to deposit, the interest rate you expect to earn, and the number of years you expect to continue making monthly deposits, then click the "Perform Calculation" button.

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The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.

Enter the term, rate, and either the payment or loan amount - the other will be calculated for you.

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The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.

You've seen all the low rates the auto dealers have been offering if you finance your new vehicle with them, but is this the best deal for you?

If you were to take the rebate, apply it to the cost of the vehicle and borrow the rest of the money from us, chances are your payment would be lower and you would save interest as well.

Fill out the form below using the cost of the vehicle, the total rebate, the dealer's interest rate, Credit Union's interest rate, and the length of the loan. Estimated payments will be calcualted, depending on where you borrow the money.

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The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.

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