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Individual Retirement Accounts (IRAs)

IRAs offer a great way to save for retirement, first homes, or higher education. DCFCU offers Traditional, Education, and Roth IRAs. Opening a DCFCU IRA requires a minimum deposit of $100. Members who open Roth or Education IRAs can make regular deposits through payroll deduction for added convenience. Your age and income level will determine which type of IRA you are qualified to open.

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Grow Your Money

Grow Your Money

The following chart illustrates how savings will accumulate with an IRA. This example is based on an interest rate of 5%.

$500 Annual Contribution $1000 Annual Contribution $2000 Annual Contribution
5 Year IRA
$2900.96 $5801.91 $11603.83
10 Year IRA
$6603.39 $13206.79 $26413.57
15 Year IRA
$11328.75 $22657.49 $45314.98
20 Year IRA
$17359.63 $34719.25 $69438.50
25 Year IRA
$25056.73 $50113.45 $100226.91
30 Year IRA
$34880.39 $69760.79 $139521.58
35 Year IRA
$47418.16 $94836.32 $189672.65
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