Take the worry out of retirement by starting to save for it today. An Individual Retirement Account (IRA) is a Money Market or Term Certificate account with government-established rules that help you save for retirement.

A major benefit to an IRA is that it allows your money to grow tax deferred and sometimes tax free! This means that the funds that would have been paid as taxes can continue to accumulate in your account instead.
iSAVE IRABalance Required to Earn DividendDividendAPY¹
iSAVE IRA 12 Months Introductory Rate²$100.00 - $500,000.003.977%4.050%
iSAVE IRA w/ Active iSAVE Checking²$100.00 - $500,000.002.960%3.000%
iSAVE Base Rate³$100.00 - $500,000.002.472%2.500%
Most Recent Quarter Dividend (adjusted quarterly at the end of the quarter)DividendAPY¹DividendAPY¹
$100.00 to $99,999.99 0.85%0.85%1.00%1.00%
$100,000.00 to $499,999.99 0.90%0.90%1.15%1.15%
$500,000.00 and above 1.00%1.00%1.20%1.20%

* APY is Annual Percentage Yield effective February 1, 2024 and is subject to change. ¹Advertised APY is for new accounts guaranteed for 12 months and subject to change after the introductory period. Fees may reduce earnings. Account must be opened and funded with new money only (not currently on deposit at BHCU). Limit of one iSAVE IRA account per member. Promotional introductory rate and terms are subject to change or cancellation at any time, contact BHCU for details. ²After the introductory period to obtain dividend and APY, you must be the primary owner of an active iSAVE Checking account. To be considered an active iSAVE Checking, you must complete at least one qualifying transaction in the month. A qualifying transaction is an ACH into your iSAVE Checking, make a payment using bill pay from your iSAVE Checking, or make a debit card purchase from your iSAVE Checking. ³After the introductory period the iSAVE IRA base rate will be applied to all accounts without an active iSAVE Checking. Members may open and make contributions to a traditional IRA if they or their spouse (if a joint income tax return is filed) received taxable compensation during the year in which the contribution is attributed. Consult with your tax advisor to determine if you are eligible. Members may open and make contributions to a Roth IRA based on taxable compensation modified adjustable gross income in the year of contribution.  Consult with your tax advisor to determine if you are eligible. ⁷To open or contribute to a traditional IRA, you and/or your spouse if you file a joint return, must have taxable compensation, such as wages, salaries, commissions, tips, bonuses, or net income from self-employment. The limit on annual contributions to an IRA increased to $7,000 for 2024. Contributions for IRA owners over 50 years of age depend upon many factors, please consult your tax advisor or accountant for additional information. Federally Insured by NCUA.

Contact a member service representative for further information about applicable fees and terms. For variable rate accounts, the rate may change after the account is opened. A.P.Y. is Annual Percentage Yield effective March 1, 2024 and is subject to change.

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