IRA Accounts

Traditional IRA Account

Contributions are typically tax deductible. Earnings on Traditional IRA Accounts are usually tax-deferred until withdrawn, but taxed at the time of withdrawal.  

Roth IRA Account

Contributions are not tax deductible. Earnings on Roth IRA accounts are usually tax-deferred until withdrawn, and may be withdrawn without paying taxes for qualifying distributions.

Call 1-888-521-5209 to begin the IRA Account application process.


ProductDividend RateAnnual Percentage Yield
Share Savings Accounts3.50%3.56%

Annual Percentage Yield is accurate as of June 1, 2024.

Dividends are compounded DAILY and declared at the beginning of each month and are credited and posted on the last day of the month.

Share rates are subject to change monthly (such change to be effective on the first day of each month) to reflect any changes as declared by the Board of Directors of the State Farm Credit Union during the month preceding any such change.

Features & Benefits

  • Popular retirement planning option
  • Flexibility to convert a Traditional IRA to a Roth IRA at a later time
  • Traditional IRAs offer potential for deducting the contribution from your taxable income
  • No required minimum distributions (RMDs) with Roth IRAs
  • Roth IRAs offer access to tax-free income during retirement

Consult a financial professional to determine if an IRA meets your financial goals. For more information, review the IRS resource on Traditional and Roth IRAs.

Estimate Your Savings With Our Calculators

Why choose SFFCU?

Get these benefits when you save with us.

Great Rates
We offer the same competitive rates regardless of the balance.
24-Hour Access
Online & mobile banking give you access to your accounts anytime, anywhere.
Payroll deduction makes saving automatic.
Personalized Service
We care! State Farm employees helping fellow State Farm associates.
Shares are secured by the NCUA.
Achieve Financial Goals
Multiple share savings account options help meet your savings needs.