Skip nav to main content.

Individual Retirement Account (IRA)

Save for what matters

Your retirement savings have a big impact on your future. Get started today with a tax-advantaged account. We’re just a phone call away.

Contact Us

Choose the IRA that’s right for you

Even if you already have other retirement savings, an IRA can be an important way to supplement and support them—and it’s a great way to reduce your tax burden. We offer Roth and Traditional IRAs, both of which can be opened as a typical savings account, or as an investment certificate. We also offer a Simplified Employee Pension IRA (SEP) and Coverdell Education Savings Account (ESA). All of these programs offer distinct tax advantages. Your tax adviser can help you determine which option might be right for you.

  • Multiple options available to meet your unique needs
  • No minimum balance required, except for certificates
  • Federally insured up to $250,000


Sign up by phone

You can sign up for an IRA by giving us a call, toll-free, at 866.236.6968.

  • Contact Us
  • dotted-arrow
  • Review Details
  • dotted-arrow
  • Account Opening
Contact Us

Rates as high as

2.00 % APY*

All Rates


All rates are subject to change. Early withdrawal penalties may apply. For all other terms and fees for each account, contact your branch for the applicable disclosure statement(s). Any fees assessed could reduce earnings on this account. Other terms and conditions may apply, see Credit Union for full details.

All certificates may be opened as an IRA investment and almost all can be opened as an HSA. For more information on which IRA option is right for you please consult with your tax advisor.

The minimum balance to open and maintain a share certificate account is $500, except Smart Growth which has a minimum of $100.

In an effort to help mitigate the spread of the coronavirus (Covid-19) and to protect the health of our members and employees, NW Preferred will be closing access to our Stayton and Portland (Tigard) branch lobbies beginning Tuesday, March 24th. After Monday, we will be available to assist members with specific or unique needs, by appointment only, based on our available resources.

Remember you can easily access your NW Preferred accounts, 24 hours a day, via online or mobile banking. You can also locate nearby ATMs by using our mobile app or texting your location (address, intersection, or zip code) to 91989.

Most importantly, stay well.