High Yield IRA Savings

Secure your future with smart retirement solutions.

We offer a range of IRA options to help you grow your savings effectively and securely.

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Grow your savings.

Features of our High Yield IRAs

  • Diverse Options

    Choose from Traditional, Roth, or SEP IRAs based on your individual retirement goals and tax situation.

  • Competitive Rates

    Earn up to 3.00% APY18 with our High Yield IRA Savings account.

     

  • Certificates

    Secure higher returns with fixed-rate IRA Certificates18, available in terms ranging from 6 months to 5 years.

  • Consolidate Retirement Funds

    Easily roll over your 401(k) or 403(b) from previous employers into one account, maintaining tax-deferred status.

Traditional IRA – Straightforward savings for the turns ahead.

  • Immediate Tax Benefits

    Contributions may be tax-deductible, potentially lowering your current taxable income.15

  • Tax-Deferred Growth

    Pay taxes on your savings only when you make withdrawals in retirement.

  • Flexible Contributions

    Contribute up to $7,000 annually, with an additional $1,000 catch-up contribution if you're 50 or older.

  • Withdrawal Options

    You may choose to withdraw as young as 59½ and are required to withdraw at age 73.

Roth IRA – A smart option for an uncertain future.

  • Future Tax Benefits:

    Contributions are made with after-tax dollars, and your money grows tax-free.15 Qualified withdrawals in retirement are not taxed.

  • No Required Distributions:

    Keep your money invested for as long as you like, with no mandatory distribution age.

  • Flexible Contributions:

    Contribute up to $7,000 annually, with an additional $1,000 catch-up contribution if you're 50 or older.

  • Withdrawal Options:

    When you reach age 59½, withdrawals from the account are not taxed as long as the contributed amount has been in the account for at least 5 years

SEP IRA – Flexible retirement savings for changing business needs.

  • Ideal for Business Owners:

    A SEP IRA allows for flexible contributions for yourself and your employees.

  • High Contribution Limits:

    Contribute up to 25% of net income or $69,000 (whichever is lesser), offering substantial tax-deductible savings.15

  • Withdrawal Options:

    You may choose to withdraw as young as 59½ and are required to withdraw at age 73.

IRA Certificates – Enjoy all the great features of our Certificates with added retirement benefits.

  • Reliable Returns

    Enjoy peace of mind with great dividends. Your rates are fixed for the certificate term, regardless of market fluctuations.

  • Tax-Advantaged Savings

    Enhance your retirement plan with IRA Certificates, offering tax benefits15 and stable growth.

  • Future-Proof Your Retirement

    Choose IRA Certificates as a prudent addition to diversify your retirement portfolio.

  • Flexible Terms

    Align your retirement goals with our range of terms, maximizing your potential earnings.

Get personalized planning for a more secure future. Featuring:

  • Holistic Retirement Strategies

    Let our CFS advisors craft a customized plan that aligns with your retirement aspirations.

  • Adaptive Planning

    Life changes, and so should your retirement plan. We'll help you stay on track, adjusting as needed.

  • Complimentary Sessions

    Benefit from a no-cost retirement planning session with a CFS financial advisor, to help ensure your retirement goals are within reach.12

Have questions or need assistance? Fill out our contact form and a Coastal representative will be in touch to help you navigate your IRA options.

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  • Are you a Coastal Member?* is a required field
  • Please select the account you would like to open, or assistance is needed?* is a required field
  • Select the type of IRA you are interested in:* is a required field

Want to discuss your IRA options in person?

You can schedule a branch appointment right inside Digital Banking. We’ll be happy to sit down with you and assist you with this journey.

Frequently asked questions about our High Yield IRA Savings.

Coastal offers Traditional, ROTH, and SEP IRAs. We also offer Certificate IRAs.
Yes. Anyone is eligible to open an IRA. Please consult a financial or tax advisor on which IRA is best for you.
Yes. Each year the limit may change based on IRS changes. Please consult a tax professional for full details.
Yes. For Traditional/ROTH IRAs prior year contribution can be processed until the tax deadline. For SEP IRAs, no prior year contributions can be made. Please consult a tax professional for full details.