Please be aware of a recent phone scam where a caller says they are from Raritan Bay FCU and asks for personal information. We will never call you and ask you for personal information such as account/debit card number, social security number, etc. Do not give out any personal information and if you have any questions or concerns, reach out to us directly at 732-727-3500.


Individual Retirement Accounts (IRAs)

Personal Savings

Individual Retirement Accounts

An IRA is more than a savings account — it’s your income for the future. Make it a fund you can live on comfortably, by taking advantage of an account that offers real tax benefits*. An IRA from RBFCU helps you set funds aside starting now, while earning a competitive dividend above standard savings.

So whether you choose to spend your time fishing the bay, attending every Giants game, or just hanging out with your family, our IRAs will help make your dream a reality. And with two savings options — traditional or Roth — that both offer significant tax advantages*, you can’t go wrong.

Visit one of our branches to get started.

  • Save for retirement with tax advantages*
  • Available in Traditional and Roth
  • Annual contribution limits apply
  • No annual fees or set up fees
  • Federally insured
  • Earn competitive dividends higher than regular savings (Minimum balance of $100 required to earn dividends)
  • Pays monthly dividends
  • $1,000 annual “catch up” contributions allowed for ages 50 and better
  • No minimum deposit to open
*Consult a tax advisor
Individual Retirement Accounts

Coverdell ESA

Higher education can become a financial burden. A Coverdell Education Savings Account (ESA) is designed to help lighten the load.

  • Set aside funds for your child’s education
  • Withdrawals are tax-free and penalty-free when used for qualifying education expenses*
  • To contribute to an ESA, certain income limits apply*
  • Contributions are allowed regardless of traditional or Roth IRA participation
  • The money must be withdrawn by the time beneficiary turns 30
  • Dividends grow tax-free*
  • Designated beneficiary must be under 18 when contributions are made
  • Contributions are not tax deductible
  • $2,000 maximum annual contribution per child
  • The ESA may be transferred without penalty to another member of the family
Learn More
*Consult a tax advisor

Traditional vs. Roth

There are advantages to both Traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

Tax-deferred earnings

Contributions may be tax deductible

Best option when rolling over your pension or 401(k)

Roth IRA

Contributions are not tax deductible

Tax-free earnings

Tax-free qualified withdrawals

More flexible access to funds than traditional IRA


A member service representative is standing by to answer any questions you may have about our individual retirement accounts (IRAs) options.

Submit Questions below or Call Us at (732)-727-3500