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In retirement planning, traditional can be your perfect fit.

Traditional IRAs

Contributions might be
tax-deductible

The traditional route to retirement

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Do you have a picture of your retirement in mind? Credit Union ONE's Traditional IRA options can clarify your vision. Your retirement funds will grow steadily when you choose our IRA CD or IRA Savings account, and your contributions might be tax-deductible. You won't pay taxes on this account until you withdraw money, meaning this could be the right fit if you expect to be in a lower tax bracket in retirement. Make sure you consult your tax advisor for full details about specific tax advantages. Plus, there's more flexibility in Traditional IRAs today, and you could use this account to make penalty-free withdrawals long before retirement for purposes such as buying a first home. No matter your goals, we're dedicated to helping you, and all our Michigan members, reach them.
Visit us to open a Traditional IRA.
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Related resources
  • A contributor must begin to withdraw funds at age 70½
  • IRS penalty-free withdrawal events include:
    • Reaching 59½ years of age or older
    • Incurring a disability**
    • Buying a first home ($10,000 lifetime cap)
    • Other qualifying expenses include education and medical needs

How do I view transaction information?

You can find this information by logging in to Online Banking, Mobile Banking, or using 24-Hour Telephone Banking.

Do you offer IRAs? 

Credit Union ONE does offer Traditional IRAs, Roth IRAs, Rollover IRAs, and Spousal IRAs.

What IRAs do you offer? 

Credit Union ONE does offer Traditional IRAs, Roth IRAs, Rollover IRAs, and Spousal IRAs.

What is the difference between a Traditional IRA and a Roth IRA?

Our Traditional IRA and Roth IRA page explain all the details of these accounts.

What is a Traditional IRA?

Our Traditional IRA and Roth IRA page explain all the details of these accounts.

What is a Roth IRA?

Our Traditional IRA and Roth IRA page explain all the details of these accounts.

*Withdrawals may have additional penalties. Always consult your tax advisor.

**Restrictions and documentation requirements apply.