Accounts

Individual Retirement Account

Time flies. The next chapter of your life will be here before you know it. Whether you plan to take it easy in retirement or try something new, a CoVantage IRA can provide the income to keep you comfortable.

Three keys to a great retirement? Plan. Invest. Enjoy.

At CoVantage, we wish you good health as the decades pass and you move toward your senior years. We also wish you good fortune. Our members in Wisconsin, Michigan, Illinois, and beyond can build their retirement nest eggs with options that offer unique tax advantages and plenty of deposit and investment options.

Investment Options

Traditional, Roth, Simplified Employee Pension (SEP), and Education Savings Accounts (SEA) options for members. 

Tax-advantage Savings

Save for retirement with tax advantages, allowing your investments to grow faster. With Roth IRAs, balances grow tax-free, and withdrawals are tax-free (after age 59 1/2).

Flexible Contribution Limits

Enjoy flexible contribution limits that allow you to save according to your financial goals and retirement timeline. Invest up to $6,000 a year if you're under 50. (The limit increases to $7,000 after that.

Investment Options

Open Deposit Account

After an initial $10 minimum deposit, dividends are compounded monthly and paid on the daily balance.

Certificates

A $1,000 minimum deposit is required for terms of 12, 24, 36, 48 and 60 months. A $5,000 minimum deposit is necessary for 3- and 6-month terms.

Why Choose Our Individual Retirement Accounts (IRAs):

  • Expert Guidance: Our experienced team is here to provide personalized guidance and support to help you make informed investment decisions.
  • Convenient Access: Access your IRA funds anytime, anywhere through our secure online and mobile banking platforms.
  • Peace of Mind: Rest assured knowing your retirement savings are federally insured up to the maximum allowed by law.

We also have retirement and investment finances service team members here to help. The experienced professionals at CoVantage Retirement & Investment Services, will take the time to learn about your hopes and dreams, and then work with you on a plan that aims to turn them into reality.

IRA Rates

Effective Date: December 9, 2024
Rate APY Minimum Deposit
0.745%0.750%$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Certificates

Stash Your Cash & Save

With our range of Certificate terms and competitive interest rates, your money will be growing to its fullest potential.