Increase your retirement savings
Gulf Winds currently offers two different ways to invest for your retirement with Individual Retirement Accounts (IRA): a Share IRA and a Certificate of Deposit IRA.
Gulf Winds offers two types of IRAs—Traditional IRA and Roth IRA. Determine which of these may be best for you and then stop in or call about opening an IRA for your future investment needs.
Choose a Traditional IRA if you want the tax deduction right now. Traditional IRAs also make sense if you anticipate paying taxes at a significantly lower rate in retirement.
Choose a Roth IRA if you don't need the tax break right now and would like a more flexible investment.
Start saving for your retirement today!
IRA Share Savings Account
|Account||Dividend Rate||APY||Compound Frequency||Minimum Deposit|
|IRA Share Savings||0.35%||0.35%||Monthly||$0|
Rates are subject to change after the account is opened.
APY=Annual Percentage Yield
Fees may reduce earnings.
|Term||Dividend Rate||APY||Compound Frequency||Minimum Deposit|
|6 Months IRA||0.896%||0.90%||Monthly||$500|
|12 Month IRA||1.342%||1.35%||Monthly||$500|
|18 Month IRA||1.391%||1.40%||Monthly||$500|
|24 Month IRA||1.687%||1.70%||Monthly||$500|
|36 Month IRA||1.982%||2.00%||Monthly||$500|
|48 Month IRA||2.276%||2.30%||Monthly||$500|
|60 Month IRA||2.521%||2.55%||Monthly||$500|
Rates as of . APY=Annual Percentage Yield
Early withdrawal penalties may apply.
This rate sheet is incorporated into the Account Agreements and Disclosures.
The rate and APY stated for Term Share Accounts is the rate that was offered within the most recent seven calendar days.
Rates and yields are subject to change at any time.
APY assumes interest remains on deposit until maturity.