Individual Retirement Accounts

Cincinnati Federal offers Traditional and Roth Individual Retirement Accounts (IRA’s).  Both are available in fixed or variable rate certificates.

You can open a new IRA, rollover or transfer an existing IRA to Cincinnati Federal.   All of our IRA’s are passbook accounts allowing you to see the activity posted in your book every time you perform a transaction.  With an IRA, your funds are invested safely in a FDIC secured time deposit account.

• Any IRA may be set up as a 6 to 120 month certificate.  The rate paid on the IRA will be the same as the CD rate and term
• Each IRA CD is a minimum of $500. No additions can be made to the IRA CD during the term, however multiple IRA CD’s may be opened under the IRA plan
• Interest is credited and compounds monthly

• Variable-Rate IRAs are set up with an 18 month term
• A minimum of $50 to open and maintain the account
• Deposits can be made to this IRA CD at any time
• Interest on this IRA is compounded and credited quarterly.  Rates may change without notice on a quarterly basis