Roth IRA

Instead of providing deductions for contributions, the Roth IRA provides a benefit that isn't available for any other form of retirement savings: if you meet certain requirements, all earnings are tax free when you or your beneficiary withdraw them. Review the websites listed on the right, for details on whether a Roth IRA is right for you.

Existing CTCU members can open a Roth IRA visiting any CTCU branch office.

Member Benefits

  • Save money with tax-free earnings.
  • Open as a share certificate or share savings account.
  • Peace of Mind with risk-free investment.
  • Convenient options to choose from for investment needs.


  • CTCU membership.
  • Variable Rate IRA minimum deposit: $10.
  • IRA Certificates minimum deposit: $500.
  • There is a 90-180 day credit union penalty for early withdrawal of IRA Certificates.
  • The Internal Revenue Service (IRS) assesses a 10% penalty if a withdrawal is made from an IRA before the age of 59½. See IRA disclosure for full description of benefits and regulations.
  • Consult a tax advisor concerning tax savings, penalties and deposit/withdrawal limitations and requirements.