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Retirement Accounts

IRA and Retirement Savings Options

I got in touch with First U.S. to update my IRA, and both Ash and Thomas were very helpful and made the process as smooth as possible. - Jennifer C.

First U.S. Retirement Accounts have no trustee or administrative fees, so all of your retirement savings go toward building a nest egg for your future. Plus, your IRA funds are insured separately to an additional $250,000.

IRAs can be opened and funds deposited anytime during the current tax year, and until the official tax day (typically April 15) of the subsequent year in order to take advantage of IRA tax benefits.

IRA Certificates

Open an IRA certificate with as little as $500 and enjoy competitive, tiered rates on terms from 3 to 84 months. You’ll enjoy the peace of mind knowing that your funds are insured up to $250,000 by the NCUA, a U.S. Government Agency.

IRA Savings

A basic IRA savings account is a good place to start accumulating funds for retirement. First U.S. savings accounts may be opened as IRAs and pay dividends on balances as little as $100.

IRA Money Markets

Our popular money market accounts can also be opened as IRAs, assuring you great rates plus additional insurance.

Types of IRAs Available

Visit our Retirement Central portal for information about your retirement options, tools to help you understand the best choice for your individual needs, and calculators to help determine how best to save for your retirement. Consult with your tax advisor about potential tax benefits and your individual situation.

Traditional IRA

A Traditional IRA is for individuals earning compensation (or filing jointly with a spouse earning compensation) and offers tax advantages like potentially tax-deductible contributions and earnings that are not taxable until you begin to withdraw. Download Brochure

Roth IRA

A Roth IRA gives you different withdrawal options throughout the life of your IRA, like your regular contributions can be withdrawn tax- and tax penalty-free at any time. And, after the account has been open for five years, earnings may be withdrawn for select reasons, like a down payment on your first home. Download Brochure

Coverdell Education Savings (ESA)

A Coverdell account helps you save for certain educational expenses and gives you access to funds tax free when withdrawn for qualified education costs. Download Brochure

Simplified Employee Pension Plan (for small businesses)

A Simplified Employee Pension (SEP) plan allows small business owners and employers to contribute to an IRA on behalf of employees. Download Brochure

Health Savings Account (HSA)

If you're currently covered by a High Deductible Health Plan, you may be eligible to take control of your health care costs with a Health Savings Account (HSA) from First U.S. HSAs are an easy and convenient way to save and pay for qualified medical expenses. Best of all, there's no "use it or lose it" feature.

HSAs offer multiple tax advantages:

  • Deposits (to the allowable limit) are tax deductible
  • Employer contributions are tax-free
  • Funds are tax-free when used for qualified medical expenses
  • The tax benefits mean you save with every contribution and reduce costs on medical expenses

Retirement Central Portal

Discover the power of smart retirement planning through our Retirement Central Portal.

  • Open or manage IRA, HSA or ESA.
  • Access Planning Tool Calculators.
  • Utilize Life Stages guidance, FAQs, and Featured Articles for comprehensive retirement support.
Retirement Central