We have two types of IRAs here at First NRV: (1) Traditional and (2) ROTH IRAs.
The traditional IRA is where money was put into the IRA before taxes were paid, therefore taxes must be paid when money is withdrawn.
With the ROTH IRA, taxes are deducted prior to the deposit being made into the IRA. Therefore, money can be withdrawn without paying taxes for the withdrawal.
Our IRA accounts have a return rate of 1.50% APY
Do you already have a retirement plan with you employer? Are you looking for a better rate? Come talk to us and see if you would be better off rolling your current retirement plan into one of our IRA accounts. Call 540-639-0885 for more assistance, or if you just want to gather some more information. We are here to help!
Below is a link that will redirect you to a page on the National Credit Union Administration's (NCUA) website that has numerous articles, advice, and tricks for helping you to become more financially responsible.