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IRA Accounts

Traditional and Roth IRA options tailored to fit your investment goals.

Traditional IRA Account

Make your money work as hard as you do while preparing for retirement. Traditional IRA accounts are an excellent option for reinvesting a 401k retirement account or stock rollover from a previous employer. Contribute to your IRA account directly or through payroll deductions, so you can sit back and watch your investment grow.

These contributions may be tax-deductible, and your returns grow as tax-deferred until you make a withdrawal. When opening your IRA, you can select either a Share Certificate or Variable Share account type to best fit your needs. We recommend you consult your tax advisor about the tax-deductibility of your contributions.

Key Benefits of a Traditional IRA Account

Contributions and earnings growth are tax-deferred. Only pay taxes when you make a withdrawal.

We pay dividends monthly so you can track your investment’s growth online or through the Wellby mobile app.

Have peace of mind knowing your funds are insured through the NCUA, and your account offers fraud monitoring and security alerts.

Roth IRA Account

Like Traditional IRA accounts, Roth IRAs are a safe and secure option for retirement savings and investing, with some slight differences. Roth IRA account contributions are made after taxes and allow you to make tax and penalty-free withdrawals once you reach a five-year holding period and have a qualifying event such as being at least age 59 ½.

Your contributions, however, are not tax-deductible. Certificate and variable share account types are available for your selection when opening an IRA account. We recommend you consult your tax advisor about the tax-deductibility of your contributions.

Key Benefits to a Roth IRA Account

  • It’s an excellent opportunity to create tax-free income during retirement.
  • By contributing after-tax dollars, the growth you earn is also tax-free upon withdrawal.
  • After a five-year holding period, qualifying events or reaching age 59 ½ grants access to your funds and earnings via tax and penalty-free withdrawals. Consult your tax advisor about the tax deductibility of your contributions.

Identity Theft Recovery Services

All Wellby members with a deposit account receive complimentary fully managed identity theft recovery services. If you suspect identity fraud, a professional is standing by to help.

Learn More

Compare Savings Accounts

ProductWellby SavingsWellby Savings PlusWellby Achievement SavingsWellby Early Start SavingsWellby IRA SavingsWellby IRA Certificates
Initial Deposit$0$25$5$5$0Varies
Monthly Dividends
Direct Deposits
Online Account Management
Mobile Account Management
No Minimum Balance
Identity Theft Recovery

IRA Certificate

IRA Savings

ACCOUNT TYPE

IRA Certificate

TermDividend RateAnnual Percentage Yield (APY)Minimum Opening DepositAdditional DepositsEarly Withdrawal PenaltyDividends Compounded CreditedRenewals

6 months

0.20%

0.20%

$1000.00

No

90 Days Dividends

Monthly

Automatic with a 5 day grace period

6 months (Mini-Jumbo)

0.20%

0.20%

$50,000.00

No

90 Days Dividends

Monthly

Automatic with a 5 day grace period

6 months (Jumbo)

0.20%

0.20%

$100,000.00

No

90 Days Dividends

Monthly

Automatic with a 5 day grace period

12 months

0.20%

0.20%

$1000.00

No

90 Days Dividends

Monthly

Automatic with a 5 day grace period

12 months (Mini-Jumbo)

0.40%

0.40%

$50,000.00

No

90 Days Dividends

Monthly

Automatic with a 5 day grace period

12 months (Jumbo)

0.40%

0.40%

$100,000.00

No

90 Days Dividends

Monthly

Automatic with a 5 day grace period

18 months

0.45%

0.45%

$1000.00

No

180 Days Dividends

Monthly

Automatic with a 5 day grace period

18 months (Mini-Jumbo)

0.45%

0.45%

$50,000.00

No

180 Days Dividends

Monthly

Automatic with a 5 day grace period

18 months (Jumbo)

0.45%

0.45%

$100,000.00

No

180 Days Dividends

Monthly

Automatic with a 5 day grace period

24 months

0.50%

0.50%

$1000.00

No

180 Days Dividends

Monthly

Automatic with a 5 day grace period

24 months (Mini-Jumbo)

0.50%

0.50%

$50,000.00

No

180 Days Dividends

Monthly

Automatic with a 5 day grace period

24 months (Jumbo)

0.55%

0.55%

$100,000.00

No

180 Days Dividends

Monthly

Automatic with a 5 day grace period

36 months

0.60%

0.60%

$1000.00

No

270 Days Dividends

Monthly

Automatic with a 5 day grace period

36 months (Mini-Jumbo)

0.60%

0.60%

$50,000.00

No

270 Days Dividends

Monthly

Automatic with a 5 day grace period

36 months (Jumbo)

0.65%

0.65%

$100,000.00

No

270 Days Dividends

Monthly

Automatic with a 5 day grace period

48 months

0.65%

0.65%

$1000.00

No

365 Days Dividends

Monthly

Automatic with a 5 day grace period

48 months (Mini-Jumbo)

0.65%

0.65%

$50,000.00

No

365 Days Dividends

Monthly

Automatic with a 5 day grace period

48 months (Jumbo)

0.70%

0.70%

$100,000.00

No

365 Days Dividends

Monthly

Automatic with a 5 day grace period

It's Never Too Early to Plan for the Future

Start investing in your golden years by contributing to your new Traditional or Roth IRA account today. Applying is quick and straightforward, with applications typically processed within three business days.

IRA FAQs

We've compiled answers to frequently asked IRA questions to help get you started.

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Common Questions

How do I apply for a Wellby IRA account?
Does Wellby offer Traditional and Roth IRA account options?
How can I contribute to my Wellby IRA account?