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Individual Retirement Accounts

Saving for retirement, matters.

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Start saving for your retirement!

From college through retirement, we offer two  great Individual Retirement Accounts (IRA) and an IRA Share Certificate option. Consult with your Tax Advisor about the best IRA plan for you, and we will be happy help you with the rest!

IRA Rates

Traditional IRA

This account allows you to defer taxes on the earnings until they are withdrawn. Certain contributions may be tax deductible in the year they are made.

Roth IRA

While contributions are not tax deductible, contributions and earnings can be withdrawn tax free. As long as you have earned income, you can establish and contribute to a Roth IRA, even after age 72.

IRA Share Certificates

Earn higher dividends with an IRA Share Certificate. Available with a minimum deposit of $500 and terms ranging from 6-60 months.

Are you a business wanting to offer its employees a SEP IRA?

Traditional vs. Roth IRA

Which IRA is right for you?

Traditional IRA

Who is this option best for?

  • Individuals who expect to be in the same or lower tax bracket when taking withdrawals.
  • Individuals who are eligible to deduct their contribution.

When do I pay taxes?

  • Enjoy tax-deferred growth now and pay taxes on withdrawals when you retire.

When can I contribute?

  • Contribute up to the limit at any time when earning income.

Roth IRA

Who is this option best for?

  • Individuals who expect to be in a higher bracket when taking withdrawals
  • Individuals who don’t need a deduction on their taxes now

When do I pay taxes?

  • Pay taxes on your contributions now and enjoy tax-free withdrawals later.

When can I contribute?

  • Contribute up to the limit at any time when earning income.

Open an IRA Today! 

By Phone

Conveniently add an IRA to your existing account by calling 320.252.5393 or 1.888.211.5393.

Give Us a Visit

Sometimes a face-to-face conversation is ideal, or maybe you just want to get out of the house.  Visit any of our locations to open your account.

Go Live - Video Chat

Open your account with Great River Go Live-video chat with your smart phone or computer.  Speak with our Member Advisors in real time anywhere you go!

Already have an IRA?

Learn about Transfers and Rollovers.

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Having your money work for you, matters!

Investments

We recommend the team at Jacobs financial to help you with your investment needs.

Share Certificates

Pick a term to recieve competitive dividend rates and profitable yields.

BECOME A MEMBER

Your story may bring you here in celebration, because of exciting future plans, or a life changing event. Maybe you are struggling and looking for help, or perhaps going to the credit union is an errand in your day. All of these stories matter to us!