Individual Retirement Accounts (IRAs)

A worry-free retirement awaits.

Choose Our IRA Plans for a Brighter Tomorrow

Patriot offers several great-rate options to help you save for retirement or your child’s college education.

IRA Options

IRA investments are subject to IRS rules and restrictions

  • Funded with

    Funded with

  • Contributions

    Contributions

  • Withdrawals

    Withdrawals

Traditional IRA

  • Funded with

    Pre-tax $

  • Contributions

    Tax deductible if IRS qualifications are met 

  • Withdrawals

    Taxed as ordinary income 

Roth IRA

  • Funded with

    After-tax $

  • Contributions

    Not tax deductible 

  • Withdrawals

    Tax-free withdrawals

Coverdell Education Savings Account

The Coverdell Education Savings Account (formerly known as the Education IRA) is a savings account that will help pay for your child’s education. You can contribute funds to help pay for your child or grandchild’s qualified educational expenses, while taking tax advantages.*

  • A parent or legal guardian must open the account and list the child as the beneficiary
  • Contributions are allowed until the beneficiary reaches age 18
  • Anyone may contribute to a max amount of $2,000 per year
  • Earnings are tax-deferred
Graduates throwing their caps up

Today’s Rates

12 Month Share Certificate – Traditional IRA or Roth IRA

Minimum Balance

Tier

APY1

Dividend Earnings2

1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply.
2Dividend Earnings based on minimum tier balance
Rates effective as of September 11, 2024

Minimum Balance

$1,000

Tier

$1,000-$9,999

APY1

2.40%

Dividend Earnings2

$24.27

Minimum Balance

$10,000

Tier

$10,000-$24,999

APY1

2.50%

Dividend Earnings2

$252.88

Minimum Balance

$25,000

Tier

$25,000-$99,999

APY1

2.50%

Dividend Earnings2

$632.21

Minimum Balance

$100,000

Tier

$100,000-$250,000

APY1

2.55%

Dividend Earnings2

$2,580.02

Minimum Balance

$250,000.01

Tier

$250,000.01+

APY1

2.60%

Dividend Earnings2

$6,578.02

 

18 Month Share Certificate – Traditional IRA or Roth IRA

Minimum Balance

Tier

APY1

Dividend Earnings2

1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply.
2Dividend Earnings based on minimum tier balance
Rates effective as of September 11, 2024

Minimum Balance

$1,000

Tier

$1,000-$9,999

APY1

2.50%

Dividend Earnings2

$38.17

Minimum Balance

$10,000

Tier

$10,000-$24,999

APY1

2.60%

Dividend Earnings2

$397.27

Minimum Balance

$25,000

Tier

$25,000-$99,999

APY1

2.60%

Dividend Earnings2

$993.17

Minimum Balance

$100,000

Tier

$100,000-$250,000

APY1

2.65%

Dividend Earnings2

$4,050.50

Minimum Balance

$250,000.01

Tier

$250,000.01+

APY1

2.70%

Dividend Earnings2

$10,320.98

 

24 Month Share Certificate – Traditional IRA or Roth IRA

Minimum Balance

Tier

APY1

Dividend Earnings2

1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply.
2Dividend Earnings based on minimum tier balance
Rates effective as of June 20, 2024

Minimum Balance

$1,000

Tier

$1,000-$9,999

APY1

2.80%

Dividend Earnings2

$57.53

Minimum Balance

$10,000

Tier

$10,000-$24,999

APY1

2.90%

Dividend Earnings2

$596.41

Minimum Balance

$25,000

Tier

$25,000-$99,999

APY1

2.90%

Dividend Earnings2

$1,491.02

Minimum Balance

$100,000

Tier

$100,000-$250,000

APY1

2.95%

Dividend Earnings2

$6,069.84

Minimum Balance

$250,000.01

Tier

$250,000.01+

APY1

3.00%

Dividend Earnings2

$15,439.26

 

30 Month Share Certificate – Traditional IRA or Roth IRA

Minimum Balance

Tier

APY1

Dividend Earnings2

1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply.
2Dividend Earnings based on minimum tier balance.
Rates effective as of September 13, 2024

Minimum Balance

$1,000

Tier

$1,000-$9,999

APY1

3.65%

Dividend Earnings2

$95.39

Minimum Balance

$10,000

Tier

$10,000-$24,999

APY1

3.75%

Dividend Earnings2

$981.25

Minimum Balance

$25,000

Tier

$25,000-$99,999

APY1

3.75%

Dividend Earnings2

$2,453.12

Minimum Balance

$100,000

Tier

$100,000-$250,000

APY1

3.80%

Dividend Earnings2

$9,949.38

Minimum Balance

$250,000.01

Tier

$250,000.01+

APY1

3.85%

Dividend Earnings2

$25,216.17

36 Month Share Certificate – Traditional IRA or Roth IRA

Minimum Balance

Tier

APY1

Dividend Earnings2

1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply.
2Dividend Earnings based on minimum tier balance
Rates effective as of June 20, 2024

Minimum Balance

$1,000

Tier

$1,000-$9,999

APY1

2.90%

Dividend Earnings2

$90.78

Minimum Balance

$10,000

Tier

$10,000-$24,999

APY1

3.00%

Dividend Earnings2

$940.51

Minimum Balance

$25,000

Tier

$25,000-$99,999

APY1

3.00%

Dividend Earnings2

$2,351.29

Minimum Balance

$100,000

Tier

$100,000-$250,000

APY1

3.05%

Dividend Earnings2

$9,568.96

Minimum Balance

$250,000.01

Tier

$250,000.01+

APY1

3.10%

Dividend Earnings2

$24,332.53

 

48 Month Share Certificate – Traditional IRA or Roth IRA

Minimum Balance

Tier

APY1

Dividend Earnings2

1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply.
2Dividend Earnings based on minimum tier balance
Rates effective as of August 9, 2024

Minimum Balance

$1,000

Tier

$1,000-$9,999

APY1

3.65%

Dividend Earnings2

$156.94

Minimum Balance

$10,000

Tier

$10,000-$24,999

APY1

3.75%

Dividend Earnings2

$1,615.63

Minimum Balance

$25,000

Tier

$25,000-$99,999

APY1

3.75%

Dividend Earnings2

$4,039.06

Minimum Balance

$100,000

Tier

$100,000-$250,000

APY1

3.80%

Dividend Earnings2

$16,388.07

Minimum Balance

$250,000.01

Tier

$250,000.01+

APY1

3.85%

Dividend Earnings2

$41,550.84

 

60 Month Share Certificate – Traditional IRA or Roth IRA

Minimum Balance

Tier

APY1

Dividend Earnings2

1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply.
2Dividend Earnings based on minimum tier balance
Rates effective as of August 9, 2024

Minimum Balance

$1,000

Tier

$1,000-$9,999

APY1

3.40%

Dividend Earnings2

$185.02

Minimum Balance

$10,000

Tier

$10,000-$24,999

APY1

3.50%

Dividend Earnings2

$1,909.43

Minimum Balance

$25,000

Tier

$25,000-$99,999

APY1

3.50%

Dividend Earnings2

$4,773.57

Minimum Balance

$100,000

Tier

$100,000-$250,000

APY1

3.55%

Dividend Earnings2

$19,391.52

Minimum Balance

$250,000.01

Tier

$250,000.01+

APY1

3.60%

Dividend Earnings2

$49,223.70

24 Month Continuous Saver Share Certificate – Traditional IRA or Roth IRA

Minimum Balance

Tier

APY1

Dividend Earnings2

1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply.
2Dividend Earnings based on minimum tier balance
Rates effective as of June 20, 2024

Minimum Balance

$25

Tier

$25-$999

APY1

1.65%

Dividend Earnings2

$0.84

Minimum Balance

$1,000

Tier

$1,000-$9,999

APY1

1.70%

Dividend Earnings2

$34.56

Minimum Balance

$10,000

Tier

$10,000-$24,999

APY1

1.75%

Dividend Earnings2

$355.93

Minimum Balance

$25,000

Tier

$25,000-$99,999

APY1

1.75%

Dividend Earnings2

$889.83

Minimum Balance

$100,000

Tier

$100,000-$250,000

APY1

1.80%

Dividend Earnings2

$3,662.79

Minimum Balance

$250,000.01

Tier

$250,000.01+

APY1

1.85%

Dividend Earnings2

$9,156.97

 

60 Month Continuous Saver Share Certificate – Traditional IRA or Roth IRA

Minimum Balance

Tier

APY1

Dividend Earnings2

1APY=Annual Percentage Yield. Rates are subject to change without notice. Withdrawals and fees could reduce earnings. Penalty for early withdrawal. Other restrictions may apply.
2Dividend Earnings based on minimum tier balance
Rates effective as of June 20, 2024

Minimum Balance

$25

Tier

$25-$999

APY1

2.15%

Dividend Earnings2

$2.83

Minimum Balance

$1,000

Tier

$1,000-$9,999

APY1

2.20%

Dividend Earnings2

$116.17

Minimum Balance

$10,000

Tier

$10,000-$24,999

APY1

2.25%

Dividend Earnings2

$1,189.54

Minimum Balance

$25,000

Tier

$25,000-$99,999

APY1

2.25%

Dividend Earnings2

$2,973.86

Minimum Balance

$100,000

Tier

$100,000-$250,000

APY1

2.30%

Dividend Earnings2

$12,175.00

Minimum Balance

$250,000.01

Tier

$250,000.01+

APY1

2.35%

Dividend Earnings2

$31,138.10

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Disclosures

  • NCUA

    This credit union is federally insured by the National Credit Union Administration.

  • *Please consult your tax advisor about your particular situation.