Why Save for Retirement with an IRA?
An IRA is a tax-smart way to build savings for retirement. It offers tax advantages that help your money grow. Pairing it with a fixed-rate certificate locks in your rate, ensuring market swings don't affect your earnings.
why bank with pelican
Built for Your Retirement
Fixed Rates for the Full Term
Your dividend rate is locked in for the entire term, so your retirement savings grow on a path you can predict.
Quarterly Compounding
Dividends post quarterly and are added back to your balance, so your savings keep building on themselves.
Flexible Funding
Contribute by payroll deduction or deposit, or roll over funds from another institution to keep your retirement savings in one place.
Easy Required Distributions
At age 73, take RMDs by check, withdrawal, or transfer to another Pelican account without penalty.
Rate and Term Specials
Watch for limited-time rate and term specials that help your retirement savings earn even more.
Protected and Secured Savings
Your funds are NCUA-insured up to $250,000, giving you added peace of mind.
'%20fill='%23D8DFEE'%20fill-opacity='0.8'/%3e%3cpath%20d='M407.924%20204.5L407.924%20-8.93898e-06L612.424%200C612.424%20112.942%20520.867%20204.5%20407.924%20204.5Z'%20fill='%23BFCBE3'%20fill-opacity='0.8'/%3e%3cpath%20d='M408.268%20409L408.268%20204.5L203.768%20204.5C203.768%20317.442%20295.326%20409%20408.268%20409Z'%20fill='%23D8DFEE'%20fill-opacity='0.8'/%3e%3crect%20width='204.5'%20height='204.5'%20transform='translate(407.924%20204.5)'%20fill='%23BFCBE3'%20fill-opacity='0.8'/%3e%3cpath%20d='M2.6817e-05%200L204.5%208.93898e-06L204.5%20204.5V204.5C91.5578%20204.5%202.18802e-05%20112.942%202.6817e-05%200V0Z'%20fill='%23D8DFEE'%20fill-opacity='0.8'/%3e%3crect%20width='204.5'%20height='204.5'%20transform='translate(407.924%20409.002)'%20fill='%23D8DFEE'%20fill-opacity='0.8'/%3e%3crect%20width='204.5'%20height='204.5'%20transform='translate(203.768)'%20fill='%23D8DFEE'%20fill-opacity='0.8'/%3e%3cpath%20d='M203.768%200V0C316.71%204.93686e-06%20408.268%2091.5578%20408.268%20204.5V204.5L203.768%20204.5L203.768%200Z'%20fill='%23BFCBE3'%20fill-opacity='0.8'/%3e%3c/svg%3e)
Find rates by product type:
Rates are effective as of July 28, 2026, and updated regularly.
Traditional IRA vs. Roth IRA
Traditional IRA
Lower your taxable income today and let your savings grow tax deferred.
Roth IRA
Contribute after-tax dollars now so every withdrawal later is tax free.
Key Features
No income limits to open
No minimum to open or contribute
Contributions are tax deductible on state and federal income tax¹
Earnings grow tax deferred until withdrawal
Earnings are 100% tax free at withdrawal¹
Principal contributions can be withdrawn without penalty¹
Withdrawals can begin at age 59½
Early withdrawals subject to penalty²
Required minimum distributions at age 70½
Keep contributing after 70½ with earned income
Under age 50: contribute up to $7,500/year
Age 50 and over: contribute up to $8,000/year
When is this the right fit?
You want a tax break today and expect a lower tax rate in retirement
You'd rather pay taxes now and withdraw tax-free in retirement
