FME Federal Credit Union 2.75%APY High Yield Payroll Savings IRA

FME Federal Credit Union is offering a High Yield Payroll Savings IRA, a six-month IRA account that allows you to save and earn an IRA rate of 2.75%APY. The rate is paid up to your maximum yearly IRA contribution limit.

Only funds from Payroll Savings sources may be deposited into the account. In addition, dividends are paid semi-annually each year, January 1 and July 1.

Here are FME Federal Credit Union’s IRA Savings Plan:

  1. Traditional IRA (under the age of 50) – 2.75%APY
  2. Traditional IRA (over the age of 50) –  2.75%APY
  3. Roth IRA (under the age of 50) – 2.75%APY
  4. Roth IRA (over the age of 50) – 2.75%APY

The maximum contribution required for Traditional IRA and Roth IRA for those under the age of 50 is $5,000 while those over 60 is $6,000.

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