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Individual Retirement Accounts (IRAs) are used by individuals to earn and earmark funds for retirement savings. Shell FCU offers Traditional, Roth and Certificate IRAs.
Dividends are calculated daily and paid monthly
Early withdrawal penalties apply
Shell FCU accounts are insured up to $250,000 by the National Credit Union Administration, or NCUA. The NCUA is an independent agency of the United States Government. It regulates, charters and insures the nation's federal credit unions.
Interested in an IRA?
Request to be contacted by a Shell FCU Representative.
Product Name
Initial Deposit
Rate Type
APY*
Traditional IRAs
$50.00
Variable
0.75%
Traditional IRAs allow contribution of 100% of compensation (self-employment income for sole proprietors and partners) up to a set maximum dollar amount. Contributions to the Traditional IRA may be tax deductible depending on the taxpayer's income, tax filing status and coverage by an employer-sponsored retirement plan. A major benefit of Traditional IRAs is that contributions can be made to the account which are considered fully deductible, meaning all contributions are tax-deferred until they are withdrawn.
Rate current as of 2/12/2025 and may change after opening the account.
Interested in a Traditional IRA?
Request to be contacted by a Shell FCU Representative.
Roth IRA
$50.00
Variable
0.75%
Roth IRAs are similar to the Traditional IRA, but contributions are not tax deductible. Therefore, qualified distributions are tax free. As with other retirement plan accounts, non-qualified distributions may be subject to a penalty upon withdrawal.
Rate current as of 2/12/2025 and may change after opening the account.
Interested in a Roth IRA?
Request to be contacted by a Shell FCU Representative.
Certificate IRAs
A Certificate IRA combines the steady interest of a Share Certificate with the tax advantages of an Individual Retirement Account. Plus, this account earns a guaranteed rate of return with the tax advantages of a Traditional or Roth IRA. Whether you are close to retirement or just starting to save, this account may be an option for you.
$500 Minimum Balance
Term
APY*
3 Months
3.25%
6 Months
3.75%
12 Months
4.00%
18 Months
3.75%
24 Months
3.75%
30 Months
3.75%
36 Months
3.75%
48 Months
3.75%
60 Months
3.75%
$25,000 Minimum Balance
Term
APY*
3 Months
3.25%
6 Months
3.75%
12 Months
4.00%
18 Months
3.75%
24 Months
3.75%
30 Months
3.75%
36 Months
3.75%
48 Months
3.75%
60 Months
3.75%
$50,000 Minimum Balance
Term
APY*
3 Months
3.40%
6 Months
3.90%
12 Months
4.15%
18 Months
3.90%
24 Months
3.90%
30 Months
3.90%
36 Months
3.90%
48 Months
3.90%
60 Months
3.90%
$100,000 Minimum Balance
Term
APY*
3 Months
3.40%
6 Months
3.90%
12 Months
4.15%
18 Months
3.90%
24 Months
3.90%
30 Months
3.90%
36 Months
3.90%
48 Months
3.90%
60 Months
3.90%
Rates current as of 02/12/2025 and may change after opening the account.
*APY denotes Annual Percentage Yield. The APY rates and terms and conditions are subject to change. A minimum opening deposit of $500 is required to open a Certificate IRA account. Fees could reduce earnings on accounts. Contact Shell FCU for additional product details including earned dividend information, minimum deposit and balance requirements to earn the stated APY, and other important account terms and conditions. Dividend rates and Annual Percentage Yields are current as of the last dividend declaration date.
Interested in a Certificate IRA?
Request to be contacted by a Shell FCU Representative.
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The external website you are linking to is not operated by Shell Federal Credit Union. We are not responsible for any content or information on this external website. Shell Federal Credit Union is not responsible for, nor do we represent you or the external website if you enter into any agreements. Privacy and security policies may differ between our website and this external site.
You are about to leave the FCU Team Website and be directed to:
The external website you are linking to is not operated by Shell Federal Credit Union. We are not responsible for any content or information on this external website. Shell Federal Credit Union is not responsible for, nor do we represent you or the external website if you enter into any agreements. Privacy and security policies may differ between our website and this external site.