Qualified Accounts

Planning for your future?

Let us help with a qualified account.

If retirement, soon or down the road, is on your mind, Rosedale Federal has both traditional and Roth IRAs. If you’re thinking about tuition, from kindergarten right through college, we can help you set up a Coverdell education savings account (ESA). Our IRAs and ESAs are certificates of deposit (CD) accounts, which are covered by the FDIC. So you can feel confident knowing your funds are insured up to the applicable limits. We offer a wide range of CD terms, from 6 months to 60 months, so you can find the account that’s best for your needs.

Check current interest rates online.

Check out our Financial Education Center to learn more about saving for your future.

Traditional IRA

A traditional IRA offers tax advantages today while building your retirement funds for the future. IRA contributions may be fully or partially tax-deductible. (Please check with your accountant or tax advisor.) Both the funding and earnings may be tax-deferred until you make withdrawals.

Traditional IRA Features

Minimum to Open: $100
Terms: 12 months-60 months

Roth IRA

A Roth IRA offers tax benefits in your retirement years rather than upfront. It is funded with after-tax income — contributions are not tax-deductible. However, both earnings on the account and withdrawals may be free from federal income tax. (Please check with your accountant or tax advisor.)

Roth IRA Features

Minimum to Open: $100
Terms: 12 months-60 months

Coverdell ESA

This account is designed to help pay for future education expenses from kindergarten through grade 12 and college. Coverdell ESA contributions are not tax-deductible but the earnings will grow tax-deferred. Distributions are tax-free as long as they are used for qualified education expenses (such as tuition, books, uniforms, etc.) at a qualified education institution. (Please check with your accountant or tax advisor.)

Coverdell ESA Features

Minimum to Open: $100
Terms: 12 months-60 months

Penalty may be imposed if any of the deposit is withdrawn from this account prior to maturity date.

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