IRA Share Savings Account

Minimum Balance $250

You don't need $3,000 to start an Individual Retirement Account (IRA) savings plan. Make regular contributions to an IRA Share Savings Account. It’s like a regular savings account but is set up under IRS guidelines.

Or, perhaps you have IRA funds coming in from several investments and want to manage or combine them to simplify your portfolio; an IRA Share Savings Account can also help you control the accumulation of maturing investments.

IRA Share Accounts are available as Traditional, Roth and Coverdell Education Savings Accounts (ESA), have no minimum balance and no credit union withdrawal penalties. However, withdrawals may be subject to IRS penalties and withholding requirements. Dividends are calculated daily and compounded monthly.

IRA Share Certificates

Minimum Balance $250 for Traditional & Roth.  No minimum for Coverdell ESA.

IRA Share Certificates are available as Traditional, Roth or Coverdell ESA and offer competitive rates and friendly terms. Choose from terms of 1, 2, 3, or 5 years. Dividends on IRA Certificates are calculated daily and are compounded quarterly and at maturity.

The penalties for early certificate withdrawal are the loss of 90 days dividends on the original certificate amount, plus any additional penalties and withholding requirements that may apply, in accordance with IRA regulations and IRS law.