Retirement Savings
Whether you’re just now setting out to save for retirement, or you’ve been making progress on that trail for a long time, we offer individual retirement accounts (IRAs) to meet your needs.
Take control of your future
Traditional IRA
Deposit savings before taxes, lowering what you owe the IRS this year. Later, when you retire, you can withdraw your money and pay taxes on it then, when you may be in a lower tax bracket.
Roth IRA
Deposit money that you’ve already paid taxes on, and the interest you earn over the years can grow tax-free. When you’re ready to retire, 100% of your withdrawal is yours to keep.
Calculator
Trail Notes
If you’re in the prime of your career or building in that direction, your income is probably higher now than it will be when you retire. As a result, you’re in a higher tax bracket now than you will be later. This means that if you pay taxes on your savings now, while setting money aside, you’ll pay a higher percentage than if you wait. A Traditional IRA is designed to let you save tax-deferred for this reason.
If you pay taxes on your savings before setting the money aside, then every penny in your account belongs to you. If you’re able to grow that money over the course of several decades, any return on investment you receive will be yours, tax-free, as well. A Roth IRA is designed to let your money grow tax-free for this reason.
It depends on your circumstances and your goals. If you’re not sure, contact us. We can put you in touch with a member of our knowledgeable team, with the expertise to make recommendations appropriate to your situation.
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Investment services to help you reach your goals.
In addition to member savings, which are federally insured by NCUA, we also offer investment services through our partnership with CUSO Financial Services, L.P.1 — putting you in touch with a wider variety of uninsured investment products to help you meet your goals.
Investment ServicesToday’s rates
|
Balance to Earn APY |
Dividend Rate |
Annual Percentage Yield |
|---|---|---|
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Rates Effective: December 1, 2018 Minimum Opening Deposit: $10.00 |
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|
$10.00 |
0.10% |
0.10% |
We’re a credit union. We’re your community.
Pacific Crest isn’t a bank. We’re a financial co-op owned by 16,000+ people in the Klamath Basin and surrounding rural communities. In 2016 alone, we returned a financial benefit of over $16 million to our home and yours — by reaching out, giving back, and paying it forward.
Reaching out
At Pacific Crest, we build partnerships and provide services designed to make a difference, while devoting hundreds of volunteer hours every year to good causes.
Giving back
We search for organizations that are making a positive impact in our communities, whose work has a ripple effect, and put our dollars where it means the most.
Paying it forward
To help deserving students make a difference, we offer four $1,000 annual scholarships inspired by board members who made a difference at Pacific Crest.