Individual Retirement Accounts (IRA)

Fee Schedule
Current IRA Rates

We offer a variety of IRA options such as Roth IRAs, Traditional IRAs, and Coverdell Education Savings Accounts (ESAs), with fixed and variable rates.

Money Market Variable Rate
Traditional or Roth IRA is a Variable Rate IRA that has no maturity date and requires a minimum balance of $5. Deposits may be made in person or by payroll deduction. Government regulations require that payroll deductions into IRAs be calculated in the year received.

12 Month Fixed Rate Traditional or Roth IRA is an IRA that has a fixed rate and set maturity date. Open with a minimum deposit of $500. Government regulations require that payrolls deductions into IRAs be calculated in the year received.

18 Month Variable Rate Traditional or Roth IRA is an IRA that has a variable rate and set maturity date. Open with a minimum of $5. Deposits may be made in person or by payroll deduction. Government regulations require that payroll deductions into IRAs be calculated in the year received.

Coverdell Education Savings Account (ESA) is an 18 month variable rate IRA with a set maturity date. Open with a minimum of $5 to help you save for your child’s education expenses. Deposits may be made in person or by payroll deduction. Government regulations require that payroll deductions into IRAs be calculated in the year received.

For additional information on how each type of account would benefit your specific situation, talk to your tax advisor. When you are ready to contribute to an IRA, please contact SELCCU. We're here to help you save for your retirement and educational goals with an IRA.