Dear Members,
We have received reports from other financial institutions that there has been an increase in fraudulent activity. Fraudsters are claiming to be from financial institutions with the goal of getting your account and other identification information. If you receive an unsolicited call, email, or text from anyone claiming to be with Downey Federal Credit Union, feel free to call us at (562) 862-8141 to verify before providing any information.

Main Content Starts Here

IRA Share

All the savings without the commitment

IRA Share

All the savings without the commitment

Want to save for retirement with the freedom to move money around when necessary? Enjoy the savings and the liquidity of having an IRA Share. A savings account that isn't locked into any time frame, so you can enjoy more flexibility.

  • Open an IRA Share with $25 balance to start with no fixed term
    • You may open an IRA share for any type of IRA Account or IRA Certificate
  • Deposits up to $6,000 for members for age 49 and under, and $7,000 for age 50 and over per year tax deferred (changes yearly)
  • Contributions and dividends are tax-deferred
  • Contributions are tax-deductible+
  • No penalty from Credit Union for withdrawals (IRS penalties may still apply)
  • No maintenance fees
  • Earns View rates APY* on balances of $100 or more

Speak to a representative!
Call us at 562.862.8141.

Interested in an IRA Share?

Simply provide your name and phone number and we’ll give you a call.

Call Request Form - Mobile

Or call us at 562.862.8141


Open an IRA Share

Members
If you are already a DFCU member, simply call 562.862.8141 or email feedback@downeyfcu.org to open this account.


Non-Members
If you aren’t a DFCU member yet, visit our branch to open this account.

  • $25 minimum balance to open a Share, $100 Minimum balance to earn dividends
  • Dividends compounded daily and paid quarterly on average daily balance
  • View rates dividend rate (APY*)
  • Please consult with your tax advisor for tax deductibility of interest+
  • No monthly service charges


+APY as of 06/18/24