Home / Banking / IRAs

IRAs

An Individual Retirement Account (IRA) helps you save for the future, and can give you both immediate and future tax saving benefits.

Whether you choose a Traditional IRA, Roth IRA or Education IRA, Western Vista has flexible and high yielding IRA accounts for you. These IRA accounts and IRA certificates of deposit are fully insured by the NCUA for up to $250,000.

* IRA Savings Account: a special share savings account that pays high dividends, with flexibility and dividend rates that may rise or fall with the market.
* IRA Share Certificate: lock in our highest dividend rates for 6, 12, 24, 36, 48 or 60 months. Western Vista’s IRA Certificates have a $500 minimum deposit. There is a substantial penalty for early withdrawal.

Roth IRA

A Roth IRA is a special retirement account that you fund with post-tax income (you can’t deduct your contributions on your income taxes). All future withdrawals that follow Roth IRA regulations are tax free.

There is no up-front tax deduction for Roth IRA contributions, as there is with a traditional IRA. On the other hand, Roth distributions are tax-free when you follow the rules. And, because every penny you stash in a Roth IRA is your money—not a tax-subsidized gift from Uncle Sam—you can tap your contributions (but not your earnings on those contributions) at any time, tax-free and penalty-free.

For additional information about Roth IRAs, please consult your financial adviser.

Traditional & ROTH IRA

Term	APY*
3 Mos.	1.75%
6 Mos.	4.00%
12 Mos.	3.75%
18 Mos.	3.50%
24 Mos.	3.50%
36 Mos.	3.50%
48 Mos.	3.25%
60 Mos.	3.25%

Rates subject to change.
$500 minimum deposit amount.
* Annual Percentage Yield

Traditional IRA

A traditional IRA is primarily an individual savings plan that gives you tax advantages.

Contributions are made up to a IRS specified limit and are tax deductible, depending on the filing status. Money invested and earned in a traditional IRA is subject to income taxes at the time of withdrawal.

Withdrawals can be made without penalty after the age of 59 ½. Minimum withdrawals must generally be made from the account at the age of 70 ½.

For additional information about Traditional IRAs, please consult your financial adviser.

Traditional & ROTH IRA

Term	APY*
3 Mos.	1.75%
6 Mos.	4.00%
12 Mos.	3.75%
18 Mos.	3.50%
24 Mos.	3.50%
36 Mos.	3.50%
48 Mos.	3.25%
60 Mos.	3.25%

Rates subject to change.
$500 minimum deposit amount.
* Annual Percentage Yield

Term Share IRA

Put part of your savings or retirement funds in an investment with a guaranteed return. Certificates are a reliable, safe way to invest your hard-earned money.

With a variety of terms and rates, and frequent specials, you can choose an investment plan that is right for your financial needs. Your investment is insured up to $250,000 so you can rest easy that your money is working hard for you.

Low $500 minimum balance required to open
Flexible terms from 6 to 60 months*
Higher dividends for higher balances
Dividends paid quarterly and at maturity
Term deposits have a penalty for early withdrawal

IRA Savings

Balance	APY*
No Minimum	0.05%

Rates subject to change.
*Annual Percentage Yield

Education IRA

Save up to $2,000 per child, per year in an Education IRA.

The Education IRA provides no tax deduction for contributions, but if you meet certain requirements, all earnings are tax free when you or your beneficiary withdraw them and use them for qualified education expenses.

For additional information about Education IRAs, please consult your financial adviser.

**Substantial penalty for early withdrawal

TRUSTED IN WYOMING SINCE 1940

We’re proud to serve our members from three locations in Cheyenne and Casper. Stop by to see us any time; we love the opportunity to catch up with our members!