Individual Retirement Account (IRA)
Build a secure retirement with tax-advantaged savings. Nexane-Finance offers Traditional and Roth IRAs with competitive rates and no annual maintenance fees.
2026 contribution limit
$7,000
$8,000 if age 50 or older
IRA Savings APY
4.50%
Variable rate, no minimum
IRA Certificate APY
5.25%
12-month fixed term
Annual fee
$0
No maintenance or setup fee
| Feature | Traditional IRA | Roth IRA |
|---|---|---|
| Contribution tax treatment | Pre-tax — may be fully or partially tax-deductible | After-tax — contributions are not deductible |
| Growth tax treatment | Tax-deferred — no tax until withdrawal | Tax-free — earnings grow tax-free |
| Qualified withdrawals | Taxed as ordinary income in retirement | 100% tax-free (if rules are met) |
| Required min. distributions | Yes — begin at age 73 | None during the account owner’s lifetime |
| Early withdrawal penalty | 10% penalty before age 59½ (exceptions apply) | 10% on earnings before 59½; contributions always accessible |
| Income eligibility | No income limit to contribute | Phase-out applies at higher incomes (check IRS guidelines) |
| Best suited for | Those who expect to be in a lower tax bracket in retirement | Those who expect to be in a higher tax bracket in retirement |
IRA Savings Account
4.50% APY
Variable rate — compounded daily
A flexible, variable-rate savings account held within your IRA. Contribute any amount at any time, with no minimum required. Ideal for regular monthly contributions and building your retirement fund gradually over time.
IRA Share Certificate
Up to 5.25% APY
Fixed rate — terms 6 to 60 months
Lock in a guaranteed fixed rate within your IRA for enhanced earnings certainty. Best for lump-sum contributions or funds you don’t need to access until maturity. All standard certificate terms available.
| IRA Type | Product | APY | Compounding |
|---|---|---|---|
| Traditional IRA | IRA Savings Account | 4.50% | Daily |
| Roth IRA | IRA Savings Account | 4.50% | Daily |
| Traditional or Roth | 12-Month IRA Certificate | 5.25% | Daily / paid monthly |
| Traditional or Roth | 24-Month IRA Certificate | 5.10% | Daily / paid monthly |
| Traditional or Roth | 60-Month IRA Certificate | 4.75% | Daily / paid monthly |
- ✓ Tax-deferred or tax-free growth depending on account type chosen
- ✓ No annual account maintenance fee, setup fee, or transfer fee
- ✓ Rollover assistance — seamlessly transfer 401(k) or other IRA funds
- ✓ Beneficiary designation for smooth estate planning and inheritance
- ✓ NCUA insured up to $250,000 separately from your other deposit accounts
- ✓ Year-end IRS Form 5498 (contributions) and 1099-R (distributions) provided
- ✓ Online access — view balances, track contributions, and manage designations
- ✓ Contribute up until tax filing deadline (typically April 15) for the prior year
