IRA Certificate of Deposit
An easy, hands-free way to help fund your retirement.
The simple way to help secure your future
Saving for your retirement shouldn’t get in the way of whatever you’ve got going on right now. An IRA CD keeps the savings simple, pairing hands-off growth and great rates with a tax advantage that maximizes what your money is doing for you!
IRA CD Options
The right IRA CD for your needs
Any Community Financial certificate of deposit can be opened as a traditional, Roth, or educational IRA for as little as $100!
Traditional IRA
A Traditional IRA offers tax-deferred growth, so you can save for retirement while potentially reducing your taxable income. Contributions may be tax-deductible, and your savings grow without being taxed until you withdraw them.
Roth IRA
A Roth IRA allows your savings to grow tax-free. Contributions are made with after-tax dollars, so when you retire, you can withdraw your money without paying taxes on it—perfect for those who expect their tax rate to be higher in retirement.
IRA CD Details
CFCU CD Features
Whatever IRA CD type you choose, saving with a tax advantage is simple!
Advantages of Certificates of Deposit
Why a CD?
Guaranteed growth, without any of the confusion or constant management.
Higher interest rates
CDs come with big savings rates, so that you can stack your money up faster.
Fixed interest rates
Found a rate that works for you? Lock it in for the full, entire length of your term!
Guaranteed returns
No guessing games. Know exactly how much you’ll make in return right from the start!
Flexible terms
We’re on your timeline! We’ve got you, whether you’ve got a few months or a few years.
No market exposure
Sit back and relax – whatever’s going on with Wall Street, your CD is all good.
Easy to understand
CDs are a simple (but super powerful) savings tool that’s easy to get started with!
Certificate of Deposit Rates
Date Updated Sept 15, 2025
Dividend Rate | APY* as high as |
|---|---|
180-Day |
|
1.05% | 1.10% |
1-Year |
|
1.15% | 1.16% |
2-Year |
|
1.10% | 1.10% |
3-Year |
|
1.05% | 1.05% |
4-Year |
|
1.05% | 1.05% |
5-Year |
|
1.10% | 1.10% |
*APY= Annual Percentage Yield. APY depends on Member Reward Club status and is subject to change. APY stated above assumes President's Club status. Minimum to open: $100. Fees may reduce earnings; subject to penalty for early withdrawal. Please call (877) 937-2328 for additional rates & terms.
Open an IRA Certificate of Deposit
Open a Community Financial IRA CD
Ready to start saving for your future? Call our Care Center at (877) 937-2328 or stop by a branch to open your IRA CD today!
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Other Savings Options
Explore more ways to save
We offer a variety of savings products to help you reach whatever financial future you’re after. From the more traditional savings accounts to our high yield options, there’s something for every Michigander!
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