Your future built on your terms.
Our flexible IRA accounts help you save for retirement, and save on taxes, too. Even if you already have a 401(k), an Alltru IRA is a good way to supplement an employer-sponsored plan. Some of our IRAs are even held as fixed rate CDs with terms from 12 to 60 months, allowing you to create a strategy that works for you. Each account is federally insured up to $250,000 by the National Credit Union Administration (NCUA).
To Open or Manage an Individual Retirement Account (IRA):
IRA Features
Individual Retirement Accounts (IRAs)
Alltru IRAs help you secure your future with a higher rate of return – and no risk of market downturns. We offer four different savings options, depending on your goals and your specific tax situation. Please consult your tax advisor if you have any questions.
IRA Savings Account
Start building towards your retirement now.
Start saving now with as little as $1 – and see how your money grows over time so you can achieve your financial goals.
Competitive 1% APY* earnings.
While you work to build your larger investment balance, your IRA Savings account earns a competitive interest rate.
Take advantage of tax benefits.
Contributions to your IRA Savings account can have tax benefits through a Traditional or Roth IRA, so check with your tax advisor for full details.
Lisa, JP & Shiloh
Alltru Members
Traditional IRA Certificate
Save for retirement with pre-tax contributions.
Contributions to your IRA can reduce your taxable income, which can save you big at tax time every year. (Check with your tax advisor for full details.)
Grow your savings tax-free.
Your earnings will not be taxed until you make a withdrawal in retirement. Withdrawals are taxed as ordinary income.
Watch early withdrawal rules.
You can make withdrawals penalty-free after age 59 ½, or for qualified educational expenses, first-time home purchases, qualifying medical expenses, and more.
Roth IRA Certificate
Save for retirement after taxes.
Contributions to a Roth IRA are made after taxes, so they are not tax-deductible.
Make withdrawals – for the right reasons.
After five years, you will be able to make penalty-free withdrawals if you are 59 ½ or older, or if funds are needed for certain medical expenses, disability, death, education expenses or first-time home purchases.
Grow your savings tax-free.
You are eligible for tax-free earnings withdrawals from your Roth IRA once you are age 59 ½ or older and the money has been in the account for at least 5 years.
Coverdell Education IRA
Save money tax-free for your child’s education.
You can put aside $2,000 per year per child.
Cover elementary, high school or college education expenses.
Your account can be used to pay for tuition, books or computer equipment for your children.
Contribute until children turn 18.
You can make contributions until your child turns 18. Funds must be withdrawn before he or she turns 30.
Alltru IRAs
| Type | Term | APY* |
|---|---|---|
Individual Retirement Account (IRA) Certificate*Plan for the future on your terms. Available as a Traditional, Roth, or Coverdell certificate. |
3 month |
1.00% |
6 month |
2.50% |
|
7 monthIRA Special Rate¹ |
5.15% |
|
12 month |
3.00% |
|
13 monthIRA Special Rate2 |
5.05% |
|
18 month |
1.80% |
|
24 month |
1.85% |
|
36 month |
1.85% |
|
48 month |
1.40% |
|
60 month |
1.40% |
Why is Alltru the better way
to bank for retirement?
At Alltru, you’re not merely a customer but a respected member and co-owner. Whether participating in board elections, experiencing personalized service, or contributing to community building, becoming part of Alltru means embracing a superior banking experience. Join us today, and let’s embark on a journey to achieve your goals together!
Start saving for retirement.
It never hurts to be prepared.
Let’s Talk
We’re in your neighborhood.
We are St. Louis, through and through. We have branches throughout the metro area. Plus, as a member you’ll have free access to hundreds of local ATMs.