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Individual Retirement Accounts, usually referred to as “IRAs,”
are one of the best ways to save on taxes and prepare for
retirement, a college education, or even a first home.
Visit the “Learn More About…” section below
for frequently asked questions about IRAs, and details about
the types of IRA accounts available to you.
It's Easy to Get Started!
- To
open an insured, deposit-based IRA account, visit any SCCU branch.
- To open an investment-based IRA, meet with one of our Financial Advisors NOTE: IRAs cannot be opened online or over the phone.
SCCU Deposit IRA features:
- Choose an IRA Savings Account or open an IRA CD
- Start with a payroll deduction, or an initial deposit
of $100.
- No minimum yearly deposit; make as many or as few
deposits as you like.
- No annual maintenance fees! Keep 100% of what you
earn.
- Your IRA account information will be included on your
monthly SCCU statement.
- Interest is earned from the day of deposit to the
day of withdrawal and may be tax deferred. Consult your
tax advisor for specific tax advantages related to Individual
Retirement Accounts.
TIP: Many members use an IRA savings account
to accumulate a specific amount, then use that money
to open a higher-rate CD.
Learn more about...
IRA
FAQs
Comparing Your IRA Options
Introduction
to Traditional and Roth IRAs
Traditional
IRA
Roth
IRA Tax-Free Earnings
IRA
Rollovers
Coverdell
Education Savings Account
Retirement
Calculators
As of April 1, 2006, Traditional and Roth IRAs, and
Keogh account deposits are federally insured by the National
Credit Union Administration (NCUA) up to $250,000. |
