763-391-9494
TopLine Federal Credit Union



Individual
Retirement Accounts (IRAs)
IRA personal savings accounts at Minneapolis/St. Paul-based TopLine are an excellent way to save for retirement or a child’s education, and may offer tax advantages too. Save for retirement by choosing an IRA Money Market account, a traditional Share Certificate, an Interest At Maturity share certificate, or a Penalty-Free share certificate. Regardless of which account you choose, you'll enjoy these free benefits:

IRA Money Market Accounts: Money Market IRAs are an excellent option when you are looking for a flexible account to accumulate retirement savings while benefiting with tax-deferred earnings and the possibility of tax-deductible contributions. And, the minimum opening deposit required is just $30. Annual contribution limits are established according to age, regardless of income. TopLine offers regular, Roth and Coverdell Money Market account options.

IRA Share Certificates: TopLine’s traditional IRA certificate offers a guaranteed rate of return and flexible terms while still allowing for the tax-deferred earnings and the possibility of tax-deductible contributions that other IRA accounts offer. Certificate terms range from one to five years and the minimum investment is just $1,000. Regular, Roth and Coverdell certificate options are available.

Interest at Maturity IRA Certificates: Earn a bit more on your investment with an 11-month Interest at Maturity IRA Certificate from Minnesota-based TopLine. You’ll earn a guaranteed, fixed return for a specific period of time but dividends will be paid at maturity instead of compounding. Regular and Roth IRA options are available.

Progressive IRA Certificates: Enjoy the opportunity to take advantage of higher rates with TopLine’s Progressive IRA Certificate. The certificate allows you to change the dividend rate to the current published rate any one time during the 25-month term to maximize your earning potential. Regular and Roth IRA options are available.

Penalty Free Certificates: This is a smart banking option if you want to invest in an IRA certificate yet want to enjoy the flexibility of penalty-free access to the funds for unexpected expenses. The certificate offers a 15-month term and a guaranteed fixed return. Regular and Roth IRA options are available.

Traditional IRA Accounts: Traditional IRAs from Minneapolis/St. Paul-based TopLine are an excellent option for retirement savings by offering tax-deferred earnings and the possibility of tax-deductible contributions. Annual contribution limits vary according to age, regardless of income.

Roth IRA Accounts: If you are looking for a safe and easy way to put money away for retirement, Roth IRA savings accounts may meet your needs. Contributions are not tax-deductible, but they can be withdrawn tax-free anytime. Earnings can be withdrawn for qualifying purposes tax-free after a five-year holding period. The contribution amount allowed each year varies by age and income.

Coverdell Education Savings Accounts: Help save for a child’s elementary or secondary education expenses - including tuition, fees, books, supplies, equipment and in some cases room and board - with a Coverdell Account. Contributions are not tax-deductible, but contributions can be withdrawn tax-free and penalty-free. Contribution limits vary by income and the maximum contribution per year for each child is $2,000.

Tax advantages may apply depending on your current and future financial situation. Consult your tax advisor for details.

Save with confidence. Your TopLine certificates of deposit, checking and savings accounts are insured to at least $250,000 and IRA's are insured for an additional $250,000 by the National Credit Union Administration (NCUA), a federal agency. Access the NCUA's e-calculator to review your insurance coverage. Call us at 763-391-9494 for assistance. This credit union is federally insured by the National Credit Union Administration.


Today's Rates on IRAs*
Regular, Roth & Coverdell IRA Money Market Savings, $30 minimum balance to open
BALANCE
APY**
DIVIDEND RATE
Less than $1,000 0.06% 0.06%
$1,000 - $9,999 0.11% 0.11%
$10,000 - $19,999 0.16% 0.16%
$20,000 - $49,999 0.21% 0.21%
$50,000 - $74,999 0.31% 0.31%
$75,000 or more 0.41% 0.41%
*Rates are subject to change at anytime. Balances that fall below the minimum will not earn dividends and may incur a monthly fee, which will reduce account earnings. Dividends are calculated daily and paid monthly. **APY means Annual Percentage Yield. Fees could reduce earnings. Rates effective as of 12/14/17. Rates may change after account is opened. APY is accurate as of 11/30/17 the last dividend declaration date.



Regular, Roth & Coverdell IRA Share Certificate, $1,000 minimum balance
Term
$1,000 - $9,999 Balance
$10,000 - $24,999 Balance
$25,000+ Balance

APY**
DIVIDEND RATE
APY**
DIVIDEND RATE
APY**
DIVIDEND RATE
12 Months 0.48% 0.48% 0.51% 0.51% 0.54% 0.54%
18 Months 0.54% 0.54% 0.56% 0.56% 0.58% 0.58%
24 Months 0.68% 0.68% 0.71% 0.71% 0.75% 0.75%
36 Months 0.83% 0.83% 0.86% 0.86% 0.89% 0.89%
48 Months 1.07% 1.07% 1.21% 1.21% 1.26% 1.25%
60 Months 1.41% 1.40% 1.46% 1.45% 1.51% 1.50%

Interest At Maturity Regular & Roth IRA Certificate, $1,000 minimum balance(1)
Term
$1,000 - $9,999 Balance
$10,000 - $24,999 Balance
$25,000+ Balance

APY**
DIVIDEND RATE
APY**
DIVIDEND RATE
APY**
DIVIDEND RATE
11 Months 0.48% 0.48% 0.50% 0.50% 0.53% 0.53%

Progressive "Step-Up" Regular & Roth IRA Certificate, $1,000 minimum balance(2)
Term
$1,000 - $9,999 Balance
$10,000 - $24,999 Balance
$25,000+ Balance

APY**
DIVIDEND RATE
APY**
DIVIDEND RATE
APY**
DIVIDEND RATE
25 Months 0.62% 0.62% 0.65% 0.65% 0.68% 0.68%

Penalty-Free Regular & Roth IRA Certificate, $1,000 minimum balance(3)
Term
$1,000 - $9,999 Balance
$10,000 - $24,999 Balance
$25,000+ Balance

APY**
DIVIDEND RATE
APY**
DIVIDEND RATE
APY**
DIVIDEND RATE
15 Months 0.47% 0.47% 0.50% 0.50% 0.53% 0.53%
*Unless otherwise disclosed, dividends are calculated daily and paid quarterly. A penalty may be imposed for early withdrawal, which may reduce account earnings. Rates are subject to change. At maturity, certificates will automatically renew for same term at the current market rate if not withdrawn, except where disclosed differently. Additional 1/4% will be added for direct deposit into a TopLine checking account on certificate terms of 36 months or longer. Rates accurate as of 12/14/17.
**APY means Annual Percentage Yield.
(1) Dividends are paid at maturity. Certificate will automatically renew at maturity into a 6-month regular certificate at the current market rate if not withdrawn.
(2) A one-time rate adjustment to the current day's published rate for the 24-month $10,000 tier at any one time during the initial term is allowed. Certificates automatically renew at maturity into a 24-month certificate at the current published rate if not withdrawn.
(3) Monies can be withdrawn at any one time without penalty as long as the minimum required to earn interest is maintained. Certificates automatically renew at maturity into a 12-month certificate at the current published rate if not withdrawn.



Todays Rates

Have Direct Deposit into a TopLine checking account? Enjoy an additional .25% APY on any Regular Share Certificate term 36 months or longer!
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763-391-9494 in the Minneapolis/St. Paul Minnesota area. Outside metro area, call 800-626-1448.
© 2017 TopLine Federal Credit Union | 9353 Jefferson Highway Maple Grove, MN 55369 | Routing # 291074696
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