Maximize your tax-free retirement savings

Start saving for retirement today. A Roth IRA will earn you tax-free growth and offer flexibility to use your money without penalties before retirement.

Open a Roth IRA Account
The Run Down
  • Great interest rates — consistently among the best in the country
  • No minimum balance requirement. No maintenance fees
  • Ability to withdraw contributions any time without IRS penalty or taxes
  • Earnings grow tax-free73
  • Invest no matter your age as long as you have earned income
  • Distributions not required after age 701/2
  • No fees to transfer funds in and out of Alliant
  • Automatically reinvest dividends or receive monthly checks — it's your choice
  • Deposit is insured up to $250,000 by NCUA33
1.00 %
0.995 %
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Roth IRA 101

Roth IRA accounts are a special type of investment that allow your earnings to grow tax-free. You can invest up to $5,500 per year in a Roth IRA account, or up to $6,500 per year if you are 50 or older.

You are eligible for tax-free earnings withdrawals from your Roth IRA once you are age 591/2 or older and the money has been in the account for at least 5 years. There are no mandatory withdrawals, and you can continue to invest in a Roth IRA no matter your age as long as you meet the income limits.


Roth IRA tax advantages

Roth IRA accounts grow tax-free. As the value of your IRA grows over time, all your earnings are tax-exempt.

Whether a Traditional IRA or a Roth IRA is the best option for you will depend on many factors, and it’s always best to contact your financial advisor. However, for the majority of cases, a Roth IRA will get you the best long-term financial growth. Compare your earnings with our investment calculator.

Two easy steps to open your Alliant Roth IRA

  1. Log in to your account through online banking.

  2. Select "open an account" to open a Roth IRA.

Three ways to build your Alliant Roth IRA

1. Roth IRA shares

We offer a great savings rate for members who want the ultimate flexibility and access to their money.

2. Roth IRA certificates

For members planning on a longer horizon, we offer outstanding certificate rates with terms from 12-60 months. And for even higher dividends, explore our jumbo certificate rates.

3. Investment alternative

Alternative IRA investment options are also available through the Alliant Retirement and Investment Services Program.31 Contact a representative today for a no-cost, no-obligation retirement savings analysis that can help you determine which IRA is right for you.

Non-deposit investment products and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution.

Compare Alliant Credit Union IRAs

No matter which type of IRA you select, you reduce your taxes and keep more of your money. We’re always here to help. Call an Alliant member consultant at 800-328-1935. We’ll help guide you towards the right IRA for your situation12. Ready to get started? You can open a Roth IRA account by logging in to online banking.

Traditional IRA

Consider If

You prefer your money to grow tax-deferred, and you don’t plan on making withdrawals until retirement

Tax Advantages

You don’t pay taxes until you take money out of the account

Mandatory Withdrawals

At age 701/2

Roth IRA

Consider If

You would like more flexibility for withdrawals or if you're planning to work past age 70

Tax Advantages

All earnings grow tax-free, and you don’t pay taxes when you take money out of the account

Mandatory Withdrawals



Consider If

You are self-employed

Tax Advantages

You don’t pay taxes until you take money out of the account

Mandatory Withdrawals

At age 701/2

Roth IRA Rates

1.00 %
0.995 %

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Roth IRA fees

eStatements (electronic account statements) Free


Where do I send checks for deposit to my Alliant IRA, HSA, or ESA account?

Mailing Address 
Alliant Credit Union
Attn: IRA/HSA Dept.
P.O. Box 66945
Chicago, IL 60666-0945

Overnight Service
Alliant Credit Union
Attn: IRA/HSA Dept.
11545 W. Touhy Avenue
Chicago, IL 60666

Can I withdraw my annual contributions from my Roth IRA without incurring a penalty?

Unlike a traditional IRA, you can make tax-free and penalty-free early withdrawals up to the total amount of your annual contributions — at any time and for any reason.

What is the maximum that I can contribute to my Roth IRA?

Your annual Roth IRA contributions cannot exceed your annual compensation or the IRS limit, whichever is less. Any contributions you make to one type of IRA will reduce what you can deposit into another type of IRA. See a tax professional for more detailed tax advice or visit for IRS limits.

Is there a limit on the number of IRA rollovers that can be done?

Yes. Effective January 1, 2015, the IRS imposed the new IRA Rollover rule which stipulates that an IRA owner may complete only one IRA-to-IRA rollover per 365 days, regardless of how many IRAs you own, without differentiating between traditional, Roth and SEP IRAs. This change of only one rollover per year will only affect rollovers, and will not have any impact on trustee-to-trustee transfers. The once per 365 day rule does not apply the the direct rollover of 401(k) funds to a traditional IRA.

How do I know which IRA is right for me?

Everyone has different concerns when it comes to their hard-earned money. Alliant Retirement and Investment Services representatives can help you determine which IRA is right for you. Ensure that your retirement savings are on track with a professional no-cost, no-obligation retirement savings analysis.

Are there qualifications for withdrawals?

Yes. To qualify for tax-free withdrawals of earnings, the funds must have been in your Roth IRA for at least five years. In addition, you must meet at least one of the following criteria:

  • You intend to use these funds for a first-time home-buying expense for you, your spouse, your children or grandchildren, up to a lifetime limit of $10,000.
  • You've reached age 59½.
  • You are permanently disabled (under the IRS definition).
  • Your beneficiary may withdraw funds after your death.

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