Retirement
Retirement
Save now. Thank yourself later.
Tax-advantaged options to help you build a stronger financial future.
IRA Options Options For Long-Term Growth
Visit a Peake branch or contact us at 410-828-4730, 800-234-4730, or memberservices@peakefederal.com to open a retirement account.
Footnotes & Disclosures
Maximum Contributions for 2026
Members under the age of 50 can contribute up to $7,500 and members over age 50 can contribute up to $8,600. Limits apply to the total combined contributions across all traditional and Roth IRAs and cannot exceed your total earned income for the year. Consult a tax advisor for details.
Distributions
Members who turn 73 in 2026 must take their first Required Minimum Distribution (RMD) by April 1, 2027. The IRS imposes a 10% penalty on funds withdrawn from IRA accounts before age 59½ except under certain circumstances. Consult a tax advisor for details.
* IRA accounts offer potential tax advantages – consult a tax advisor for details. Contribution limits and withdrawal rules apply and may change annually. Early withdrawals may result in taxes and penalties. Traditional and Roth IRA accounts are separately insured by NCUA up to $250,000.
Competitive Rates
IRA Certificates
| Term | Min. Balance | Dividend Rate * | APY * |
|---|---|---|---|
| 36 months | $500 | 3.60% | 3.66% |
| 60 months | $500 | 3.60% | 3.66% |
IRA Savings
| Min. Balance | Dividend Rate * | APY * |
|---|---|---|
| $10 | 0.10% | 0.10% |
Ready When You Are
To open a retirement account, contact Member Services at 410-828-4730, 800-234-4730, memberservices@peakefederal.com, or visit one of our branches.