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Secure Your Future with IRA Retirement Accounts

Build a stronger tomorrow. Earn up to APY* with a Logix IRA Savings Account.

Open an Account View Savings Rates

IRA Savings

Rates as high as

APY

Enjoy potential tax benefits, flexible contributions, and easy rollovers for smarter saving.

24-Month IRA Certificate

Rates as high as

APY

Earn up to APY with a 24-Month IRA Certificate, $1,000 minimum opening deposit, and no monthly fee.

60-Month IRA Certificate

Rates as high as

APY

Earn up to APY with a 60-Month IRA Certificate, $1,000 minimum opening deposit, and no monthly fee.

Individual Retirement Accounts (IRAs)

Differences Between Traditional and Roth IRAs

Retirement Account Perks

Steady Growth:
Saving for retirement is a gradual process, and automatic contributions to Credit Union Savings Accounts or IRA Savings Accounts grow your balances steadily over time.

Smarter Savings:
Automated IRA contributions make saving simple, and Logix Retirement Accounts avoid market volatility while increasing your federally insured funds.

Future Tax-Advantage:
A traditional IRA Savings Account offers the potential of tax-deductible contributions now, and lower future taxes when members are typically in a lower tax bracket.

Financial Confidence:
Consistent Retirement Account contributions help ensure long-term financial security and a smooth transition into retirement.

Learn More

Retirement Account Benefits

Flexible, Smart Strategies

We can help you choose the right IRA Savings Account or adjust your strategy to help you achieve financial security for your future.

Tax Advantages

Retirement contributions may be tax-deductible and may reduce your taxable income.

401(k) Plan Rollover

Unlock the potential of your retirement savings by rolling over your 401(k) plans.

Peace of Mind

Consistent contributions are easy to set up, and you’ll take comfort knowing you’re investing in your future.

Calculators

Investment products are:

Not Insured by NCUA or Any
Other Government Agency

Not Credit Union Guaranteed

Not Credit Union Deposits
or Obligations

May Lose Value

Next Steps

A Quick Guide to Opening IRA Retirement Accounts

Enter your information

You’ll need your Social Security Number or Individual Taxpayer Identification Number
Unexpired US government-issued photo ID, such as a Driver’s License, Passport, or State ID

Fund your account

Select an account you want to open
Fill in your details and deposit amount

Sign and submit

Review your application, sign the agreement, and submit

Discover More Credit Union Savings Accounts

Retirement Savings Account

Plan for retirement by growing your balances, ensuring a financially secure future.

Open a Retirement Account

Money Market Savings Account

Higher yields than a regular savings account, and even better rates with higher balances.

Learn More

Certificate Account

Consistent and higher yields, fixed for specified periods.

Learn More

Main Savings Account

Steady dividends and immediate access to your funds.

Learn More

The Smarter Banking Choice for Your
Retirement Accounts

Read the Full Article

Logix is ranked in the 99th percentile for member value among credit unions nationally.

Logix is the highest-scoring credit union in California.

Logix charges almost 20% fewer fees per member than the credit union average.

Logix Team

Take Advantage of Safe and Secure Banking
with Logix

…and becoming a member is fast and easy!

Federally Insured

Your deposits are federally insured up to at least $250,000 by the National Credit Union Administration.

Strong Capital

Our net worth is over 15% of assets, far surpassing the federal regulator’s 7% “well-capitalized” threshold, and the bank average of 9.9%.

Positive Earnings

Logix has maintained positive earnings every year since its founding in 1937 – a statement very few financial institutions can make.

Questions? We’re here for you!

Call Us

Have questions? Call us at (800) 328-5328!

Appointment

Schedule an appointment with us!

Visit Us

Come into one of our branches in person!

Contact Us

Connect with our team online, by phone, or in person.

Frequently Asked Questions

Yes, a Main Savings Account with a minimum balance of $5 is required to establish membership. Becoming a Logix member is quick and easy! Membership is open to anyone who meets both our account and membership eligibility requirements. Membership comes with access to better rates, lower fees, and personalized financial support.

You can easily open an IRA online, by phone, or in person at any Logix branch. Logix membership is required.

An IRA is an Individual Retirement Account. It is a personal Savings and/or Certificate Account that allows you to set aside money for retirement with tax advantages.

There are two primary types of IRA: Traditional and Roth. Depending on which one you choose, you may be able to take advantage of tax-deferred earnings and deduct some or all of your contributions or take advantage of tax-free distributions.

Traditional IRA: Your contributions are tax-deductible if you’re eligible. Your earnings grow tax-deferred, so you will not pay income taxes on your investment earnings until you make withdrawals. Both deductible contributions and earnings are then taxed at your regular income tax rate when the money is withdrawn.

Traditional IRAs also require a minimum amount to be distributed from your IRA each year once you reach a certain age, called the Required Minimum Distribution (RMD) age.

Roth IRA: Your contributions are made with after-tax dollars, so they are not tax-deductible and can always be withdrawn tax-free. Unlike Traditional IRAs, your earnings grow tax-free, not just tax deferred. If you meet IRS rules for a qualified distribution your earnings can also be withdrawn tax-free.

Roth IRAs do not require Required Minimum Distribution (RMDs) during your lifetime.

There are many benefits of opening an IRA with Logix, including:

Competitive rates
Potential tax advantages
Flexible contribution options
401(k) plan rollovers
Easy setup and automated contributions
Added peace of mind for a more secure financial future in retirement

IRA at Logix are federally insured up to at least $250,000 by the National Credit Union Administration (NCUA).

Yes, you can withdraw money from your IRA at any time, but the IRS generally assesses a 10 percent early distribution penalty tax on the taxable portion of any withdrawals you make before turning 59 ½ years old. The penalty tax is in addition to the income tax you’ll owe on the taxable amount of your withdrawal.

Generally, you can withdraw from IRA without penalty starting at age 59 ½.

Yes, Logix allows you to roll over funds from a 401(k) or other retirement plan into an IRA for easier management and continued tax advantages.

Disclosures (3)

*Logix IRA Savings Account: APY = Annual Percentage Yield. Minimum balance required to earn APY is $50,000.00. The Logix IRA Savings Account is a tier-rate account and the APY for each balance tier is: APY on $500,000.00 and Over; APY on $250,000.00 - $499,999.99; APY on $100,000.00 - $249,999.99; APY on $50,000.00 - $99,999.99; APY on $25,000.00 - $49,999.99; APY on $10,000.00 - $24,999.99; APY on $7,500.00 - $9,999.99; APY on $2,500.00 - $7,499.99 and APY on $ .01 - $2,499.99. The APY for each balance tier is variable and is subject to change after the account is opened. There is no minimum deposit required to open the account. Rates are effective as of and are subject to change after the account is opened. Dividends are earned daily and credited and compounded monthly at the rate which corresponds to your account balance. Fees could reduce earnings. Logix membership is required.

For current IRA Savings Rates click here, for current IRA Certificate Rates click here.

The content on this page is provided for informational purposes only, and not intended to provide investment or tax advice. Please consult your financial, tax, or legal advisor regarding your unique situation.