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Retirement Savings Accounts

Clearwater’s retirement accounts offer you insured, long-term savings options along with the satisfaction of knowing your deposits are making a positive social and environmental impact.

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Traditional IRA Share

Use pre-tax dollars to save for retirement with our Traditional IRA Share account. Make pre-tax contributions up to annual limits, and you pay taxes when you withdraw money in the future.

  • $100 minimum to open
  • $100 minimum monthly balance
  • No setup or annual fees
  • Dividends paid monthly
  • Make pre-tax contributions at any time up to annual contribution limits
  • Earnings grow tax-free and become taxable upon withdrawal
  • Withdrawals before age 59½ are subject to a penalty

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Roth IRA Share

With our Roth IRA Share account, you save for retirement with after-tax dollars. Pay your taxes now, and your earnings grow tax-free. Plus, qualified withdrawals are also tax- and penalty-free.

  • $100 minimum to open
  • $100 minimum monthly balance
  • No setup or annual fees
  • Dividends paid monthly
  • Make after-tax contributions at any time up to annual contribution limits
  • Earnings grow tax-free, and qualified withdrawals are tax- and penalty-free
  • Withdrawals made before age 59½ are subject to a penalty

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Traditional IRA Certificates of Deposit (CDs)

If you’re looking for a low-risk way to grow your retirement savings, our Traditional IRA CDs give you the features of a CD with the tax advantages of an IRA. You pick the term and earn dividends tax-free until you begin withdrawals in retirement.

  • Choose from 6- to 60-month terms
  • Only a $100 minimum opening deposit
  • $100 minimum balance requirement
  • Subject to annual IRS contribution limits
  • Rates vary by term
  • Fees may reduce earnings, and early withdrawal penalties may apply

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Certificates of Deposit

APY = Annual Percentage Yield. Rates effective as of

CD Min Max APY Rate Interest Accrues Dividends Paid
6-Month $100 —— 5.00% 4.89% Daily Monthly
12-Month $100 —— 4.55% 4.46% Daily Monthly
24-Month $100 —— 3.20% 3.15% Daily Monthly
24-Month Clean Energy $100 —— 3.20% 3.15% Daily Monthly
36-Month $100 —— 3.00% 2.96% Daily Monthly
48-Month $100 —— 3.00% 2.96% Daily Monthly
60-Month $100 —— 3.00% 2.96% Daily Monthly
SmartSaver Youth¹ $100 $1,000 5.00% 4.89% Daily Monthly
  1. Matures at age 18. Limit one per youth ages 0-17

Early withdrawal penalties may apply to all CDs. Fees may reduce earnings.

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Roth IRA Certificates of Deposit (CDs)

Roth IRA CDs are another low-risk option to grow your retirement savings with after-tax dollars. Choose the term and earn dividends tax-free. Plus, qualified withdrawals are also tax- and penalty-free.

  • Choose from 6- to 60-month terms
  • Only a $100 minimum opening deposit
  • $100 minimum balance requirement
  • Subject to annual IRS contribution limits
  • Rates vary by term
  • Fees may reduce earnings, and early withdrawal penalties may apply

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Retirement Accounts

APY = Annual Percentage Yield. Rates effective as of

CD Min Max APY Rate Interest Accrues Dividends Paid
IRA Savings¹ $100 —— 0.05% 0.05% Daily Monthly
6-Month IRA CD $100 —— 5.00% 4.89% Daily Monthly
12-Month IRA CD $100 —— 4.55% 4.46% Daily Monthly
24-Month IRA CD $100 —— 3.20% 3.15% Daily Monthly
36-Month IRA CD $100 —— 3.00% 2.96% Daily Monthly
48-Month IRA CD $100 —— 3.00% 2.96% Daily Monthly
60-Month IRA CD $100 —— 3.00% 2.96% Daily Monthly
  1. Available in Traditional, Roth, and SEP types. Fees associated with these accounts.

Early withdrawal penalties may apply to all CDs. Fees may reduce earnings.

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