Altra’s Routing #: 291881216
IRAs

IRA Certificates

Prepare for retirement with an IRA Certificate

Altra’s Best Rate

As a credit union member-owner, it’s in your best interest to use as many Altra products and services as possible! The more you participate, the stronger Altra grows as a whole. Therefore, we offer our best rates to members who use multiple services.

IRA Certificates

Choose a 12- to 59-month fixed rate investment with very competitive tiered dividend rates. $1,000 minimum deposit required. Get Altra’s Best Rate when you have an Altra Checking Account with Direct Deposit.  Dividends are paid quarterly.

IRA Certificates cannot be opened online. Please call 800-755-0055 or visit your nearest branch for more information.

Certificate / IRA Certificate Rates

Rates effective August 20, 2018; subject to change.

Term Minimum Balance Dividend %
Rate
with Checking*
Annual %
Yield
with Checking*
Dividend % Rate
without Checking
Annual % Yield
without Checking 
60-month $1,000
$50,000
$100,000
1.837
1.935
2.034
1.85
1.95
2.05
1.095
1.194
1.293
1.10
1.20
1.30
48-month $1,000
$50,000
$100,000
1.639
1.738
1.837
1.65
1.75
1.85
0.996
1.095
1.194
1.0
1.10
1.20
36-month
$1,000
$50,000
$100,000
1.392
1.491
1.590
1.40
1.50
1.60
0.896
0.996
1.095
0.90
1.00
1.10
24-month $1,000
$50,000
$100,000
1.244
1.343
1.442
1.25
1.35
1.45
0.747
0.847
0.946
0.75
0.85
0.95
18-month $1,000
$50,000
$100,000
1.145
1.244
1.343
1.15
1.25
1.35
0.648
0.747
0.847
0.65
0.75
0.85
12-month $1,000
$50,000
$100,000
0.946
1.045
1.145
0.95
1.05
1.15
0.698
0.797
0.896
0.70
0.80
0.90
6-month $1,000
$50,000
$100,000
0.598
0.698
0.797
0.60
0.70
0.80
0.349
0.449
0.548
0.35
0.45
0.55

†6 month term not available on IRA certificates. Penalty may be imposed for withdrawals made before maturity from all Certificates. The Dividend Rate and Annual Percentage Yield are the prospective rates and yields Altra anticipates paying for the applicable dividend period. Contact Altra for additional account disclosure information.

For Business Rates visit the Business Rate Page.

*APY­ Annual Percentage Yield-based on checking with direct deposit. Rate will revert to “No Checking” APY shown if no direct deposit during a cycle. Penalty for early withdrawals will equal 90 days dividends for terms 12-months and lower, 180 days dividends for terms over 12-months, and 365 days dividends for the 58 month special certificate. Please contact Altra for complete details.

Savings federally insured by NCUA to $250,000 with IRA Savings insured separately for an additional $250,000. Based on account ownership, you may be eligible for more insurance coverage on your savings.

Deposit Insurance

Your savings at Altra are federally insured to $250,000 with IRA accounts insured separately for an additional $250,000. The National Credit Union Share Insurance Fund (NCUSIF), is a federal fund backed by the full faith and credit of the United States government.

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