Enjoy potential tax savings today while you plan ahead for tomorrow.
Interest and capital gains accumulate federally tax-free. As your money grows, it’s all yours for retirement.
| Traditional IRA | Roth IRA | |
|---|---|---|
| Best if you want | Make pre-tax contributions now and pay taxes later when funds are withdrawn. | Make after-tax contributions now and not pay taxes later when funds are withdrawn. |
| Minimum Opening Deposit | $100 | $100 |
| Minimum Balance | None | None |
| Tax-Deductible Contributions1 |  | |
| Tax-Free Withdrawals1 | |
|
| Required Distributions (Age) | 72 if your 70th birthday is 7/01/2019 or later. If not 70½. | None during the account owner's lifetime. |
1. The information given is not intended as tax advice. Please consult a tax professional with regard to your own situation.
The minimum opening deposit is $20 for a Regular Share account.
We offer Term Shares (also known as share certificates) that work similarly – both savings accounts that have a set term that can range from months to years. Both offer similar benefits such as higher returns and low risk.
Yes, there’s no limit to the number of savings accounts you can have.
All Hawaii State FCU branches will be closed on Veterans’ Day, Tuesday, November 11. For 24/7 access to your accounts, use Digital Banking or our Mobile App.
Hawaii State FCU is dedicated to helping our members impacted by the government shutdown. Learn about our Emergency Financial Assistance Program.
