Designed to help you assure the financial security of your retirement years, an IRA allows you to save for the future with a tax advantage. There is no minimum deposit required to open your IRA. The account earns a competitive interest rate that is declared by the CCFCU Board of Directors each quarter. The earnings on your IRA are tax deferred. IRA accounts are insured separately, up to $250,000 by NCUA, a U.S. Government agency.