Individual Retirement Account (IRA)

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 0.50%

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be made to the account which are considered fully deductible, meaning all contributions are tax-deferred until they are withdrawn.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 2/1/2015.

Truth-in-Savings Disclosure


Interested in a Traditional IRA?

Request to be contacted by a Shell FCU Representative.

Roth IRA $50.00 Variable 0.50%

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 2/1/2015.

Truth-in-Savings Disclosure


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*
6 Months 0.75%
12 Months 1.00%
18 Months 1.10%
24 Months 1.30%
30 Months 1.40%
36 Months 1.55%
48 Months 1.80%
60 Months 2.05%

$25,000 Minimum Balance

Term APY*
6 Months 0.75%
12 Months 1.00%
18 Months 1.10%
24 Months 1.30%
30 Months 1.40%
36 Months 1.55%
48 Months 1.80%
60 Months 2.05%

$50,000 Minimum Balance

Term APY*
6 Months 0.85%
12 Months 1.10%
18 Months 1.15%
24 Months 1.35%
30 Months 1.45%
36 Months 1.60%
48 Months 1.85%
60 Months 2.10%

$100,000 Minimum Balance

Term APY*
6 Months 0.85%
12 Months 1.10%
18 Months 1.15%
24 Months 1.35%
30 Months 1.45%
36 Months 1.60%
48 Months 1.85%
60 Months 2.10%

Rates current as of 3/28/2017.

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. For more information on minimum deposit requirements and minimum balance requirements to earn the advertised APY, please refer to Shell FCU’s Truth-in-Savings Disclosure for details.

Truth-in-Savings Disclosure


Interested in a Certificate IRA?

Request to be contacted by a Shell FCU Representative.


*APY denotes Annual Percentage Yield.