Traditional and Roth IRAs

Guaranteed return & federally insured

Traditional and Rollover IRAs

IRA Savings Account

  • Full flexibility, no risk.
  • Ideal to build balances under $2,000.

IRA Certificates

  • Make a commitment, reap the rewards.
  • Establish your certificate with as little as $500.
  • Choose your term: 6, 12, 18, 30, or 60 months.

IRA Money Market Account

  • Enjoy flexibility with higher yields.
  • Enjoy rates higher than the IRA Share Account when you keep a balance of at least $2,000.

Consult with a tax adviser to determine what options may be best for you in your unique situation.

Roth IRAs

  • Allows you to withdraw earnings tax free if they remain in the Roth IRA for at least 5 years and you are 59½ or older.
  • Contributions are non-deductible and may be withdrawn anytime without penalty or taxation.
  • Make contributions even after you reach age 70½ and have earned income.
  • Distributions are not required after age 70½.

Consult with a tax adviser to determine what investment options may be best for you in your unique situation.

Rates

Traditional and Roth IRAs

  •  Rates effective 10-23-2017
Dividend Rate APY1 Alert Me
IRA Share Account (min. bal. $1) 0.25% 0.25%
IRA Money Market (min. bal. $2,000) Dividend Rate APY1 Alert Me
Balance less than $2,000.00 0.00% 0.00%
$2,000.00 - $9,999.99 0.40% 0.40%
$10,000.00 - $24,999.99 0.55% 0.55%
$25,000.00 - $49,999.99 0.65% 0.65%
$50,000.00 - $74,999.99 0.70% 0.70%
$75,000.00 - and over 0.80% 0.80%
IRA Certificates (min. bal. $500) Dividend Rate APY Alert Me
6 Month 0.55% 0.55%
12 Month 0.85% 0.85%
18 Month 1.04% 1.05%
30 Month 1.19% 1.20%
60 Month 1.83% 1.85%
  • 1IRA. APY = Annual Percentage Yield. The minimum to open this account is $1.00 (for the IRA Share Account) and $2,000 (for the IRA Money Market Account). For this type of account, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All Other dividend periods follow this same pattern of dates. The dividend declaration is the last day of the dividend period, and for the example above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividend. Your funds at Hanscom FCU are federally insured up to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. Please refer to the Disclosure for Personal Accounts for more information.

Consult with a tax adviser to determine what options may be best for you in your unique situation.

eBrochures

Get the information you need to make the best decision for you.

Consult with a tax adviser to determine what investment options may be best for you in your unique situation.

Reviews

REVIEW SNAPSHOT®

by PowerReviews
HFCUTraditional and Roth IRAs
 
4.6

(based on 11 reviews)

Ratings Distribution

  • 5 Stars

     

    (9)

  • 4 Stars

     

    (1)

  • 3 Stars

     

    (0)

  • 2 Stars

     

    (1)

  • 1 Stars

     

    (0)

100%

of respondents would recommend this to a friend.

Pros

No Pros

Cons

No Cons

Best Uses

No Best Uses
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Reviewed by 11 customers

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5.0

Helpful and Great Value

By 

from Florida and Maine

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

I've been a member for over 40 years. The people at the CU are exceptionally helpful. Overall, the loan and savings rates are very good. We haven't had to visit the CU for 15 years since we retired. They are and will remain our financial institution.

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4.0

New car loan

By 

from Massachusetts

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

Wanted to get pre-approved -- for a new car loan. Talked to 2 people and found out what they needed --. sent in the infomation required. Never left the house. Now I can go to the car dealership and see what cars they have.

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5.0

Traditional IRA

By 

from JP VA Hospital

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

Love the courteous, professional service. I have an ally in Ayanna! I'm using my Thrive account to fund next year's contribution.

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5.0

IRA support

By 

from Trabuco Canyon, CA

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

Service provided by Lisa (IRAs) has been exemplary over the years.
Lisa is responsive and informative when communicating by either email or by phone.
Rates: Although the rates are competitive, they are not sufficient to grow the investments toward a financially secure retirements. If the rates were at a level comparable to the CU Thrive account, additional investments would be made with Hanscom Federal Credit Union.
My ratings above reflect more the customer service (people side) of Hanscom than the product offering.
I have been a member since ~1978 and the service over all these years has been exceptional and supporting of my family.
Thank you.
John Kyriazis

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5.0

Knowledgable and fast

By 

from McLean, VA

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

Couldn't ask more from the friendly and curious bank staff for my banking business.

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5.0

Very Helpful

By 

from Medford

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

Lisa was great. She helped me open and IRA account in a snap.

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5.0

Great customer service

By 

from Quincy MA

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

Great customer service I've been a member for 3 years and always receive fast service everything explained in detail .The staff at my local branch spent the time explaining Traditional and Roth IRAs also made recommendations based on my goals and stage in my carer .

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5.0

Traditional and Roth IRAs

By 

from Frisco TX

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

The IRA department is very good and very helpful. Especially Lisa. Thank You.

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5.0

Consistently great service

By 

from Frisco Tx

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

We have been customers of Hanscom Federal Credit Union for 38 years. We have always found the customer service excellent and interest rates to be better than most other financial institutions.

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5.0

Great value, fast and easy

By 

from Massachusetts

Verified Buyer

Comments about HFCU Traditional and Roth IRAs:

Doing business with HFCU is always a win! Helpful employees, great products...

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