IRA Savings (SEP**, Coverdell Education, Roth)**
If you’re looking for a more flexible retirement account, consider Eagle’s IRA Savings. With contributions that may be tax-deductible and the advantage of earning more as rates increase, your money is not tied to a fixed term or rate. The Coverdell Education Savings option also offers tax-free withdrawals for educational expenses. Start your IRA Savings account with as little as $100 and enjoy the flexibility and growth potential it provides.
| Min. to Open | Min. to Earn APY* | Dividend Rate | APY* |
|---|---|---|---|
| $100 | $100 | 0.100% | 0.100% |
| $100,000 | $100,000 | 0.150% | 0.150% |
| *APY=Annual Percentage Yield. Rates quoted are subject to change at any time without notice Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. | |||
| †Penalty for early withdrawal and fees or other conditions could reduce earnings on the account. If you make a withdrawal from your certificate before the maturity date, a penalty will be charged on the amount of the withdrawal based on the original term of the certificate. These penalties are as outlined: Up to 12 months: 90 days of dividends, 13+ months: 180 days of dividends. Please see Eagle Community Credit Union’s Disclosure and Agreement of Terms and Conditions and Service Pricing Schedule for complete details and fee disclosure. | |||
IRA Certificate
An IRA is an excellent supplement to an existing pension or employer-sponsored retirement plan. Eagle’s IRA Certificate smart supplement to an existing pension or employer-sponsored retirement plan allows you to invest in Traditional, Roth, SEP, or Coverdell Education IRA certificates with just a $500 opening deposit. Benefit from the power of compounding interest and watch your savings grow over time.
- Open an IRA Certificate* with just $500*
- Invest in Traditional, Roth, SEP or Coverdell Education IRA certificates
- Benefit from compounding interest
Open an account with just $100.
| Term | Min. to Open | Min. to Earn APY* | Dividend Rate | APY* |
|---|---|---|---|---|
| 12 Months | $500 | $500 | 3.203% | 3.250% |
| 24 Months | $500 | $500 | 3.445% | 3.500% |
| 36 Months | $500 | $500 | 3.251% | 3.300% |
| 48 Months | $500 | $500 | 3.251% | 3.300% |
| 60 Months | $500 | $500 | 3.349% | 3.400% |
| *APY=Annual Percentage Yield. Rates quoted are subject to change at any time without notice Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. | ||||
| †Penalty for early withdrawal and fees or other conditions could reduce earnings on the account. If you make a withdrawal from your certificate before the maturity date, a penalty will be charged on the amount of the withdrawal based on the original term of the certificate. These penalties are as outlined: Up to 12 months: 90 days of dividends, 13+ months: 180 days of dividends. Please see Eagle Community Credit Union’s Disclosure and Agreement of Terms and Conditions and Service Pricing Schedule for complete details and fee disclosure. | ||||
Make an Appointment to Open an IRA Account Today
| What you need to know | Traditional IRA | ROTH IRA |
|---|---|---|
| Consider if | You want to reduce your taxable income now, and don't plan on making withdrawals until retirement. | You want flexibility for withdrawals, and you want your deposits and earnings to be tax-free at time of withdrawal. |
| Tax Advantages | Reduces your taxable income this year. | All earning grow tax-free, and you don't pay taxes when you withdraw money, when tax rates are typically higher than the time of deposit. |
| Withdrawals | Withdrawals are taxable income. Any withdrawals before age 59 1/2 may include a 10% penalty. Withdrawals are mandatory at age 70 1/2. | Contributions can be withdrawn anytime with no penalty or taxation. Earnings are tax-free if they've been in the account for 5 years and you are at least 59 1/2. |
| Contributions | Contributions may be fully or partially tax deductible. Anyone under age 70 1/2 with earned income can contribute. | Contributions are not tax deductible. Contributions can be made at any age. Eligibility is based on your income. |
Visit an Eagle Branch or call (800) EAGLE CU (324-5328).
Fixed Rate Credit Cards
Choose Eagle Community Credit Union's credit cards for competitive fixed rates, no annual fees, and flexible options to earn rewards or build credit, all with easy online and mobile account management.
Rewards+ Checking
Our free checking account that earns cash back rewards each month for simply using your debit card for daily purchases and banking online. Get more from your checking account with Rewards+ Checking!
Savings Accounts
When it comes to savings options, Eagle has you covered! From Access Savings, Money Market Account, Holiday Club Savings, and Share Certificates, we have a high yield savings account designed for you.
