IRAs

GenFed offers individual retirement accounts that pay great rates! And don’t forget about the tax benefits: deposits may be deductible from income for tax purposes. Your IRA is fully tax deductible if you have no company-sponsored pension plan. Plus, all the earnings you accumulate in your IRA are tax-sheltered until withdrawal and interest accumulates tax-deferred until withdrawal.

If you don’t quite have enough funds to meet the minimum $1,000 IRA certificate balance, don’t worry. Save your money in the IRA Accumulator until you have enough for a certificate. Enjoy the same IRA tax benefits with the IRA accumulator account.

IRA Certificates are similar to Savings Certificates, with the additional tax benefit. Plus, GenFed offers the new Roth and Educational IRA’s.