IRAs
 

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.

IRA Savings Rates IRA CD Rates

Learn more about...
IRA FAQs
Introduction to Traditional and Roth IRAs
Traditional IRA
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.