If you are interested in investing your retirement funds with Educators through a Traditional IRA or Roth IRA, we offer two options: the IRA Money Market Savings Account and the IRA Share Certificate. Your IRA funds are insured by the National Credit Union Administration (NCUA) to an aggregate amount of $250,000 (separate from your non-IRA share insurance coverage).
The IRA Money Market account offers the same rates as our High Yield Money Market Account, but the minimum starting balance is just $25. You also have the option to set up automatic payroll deduction.
The IRA Share Certificate offers the same rates as our other share certificates and provides the additional security of a guaranteed rate during the Share Certificate term.
Other Retirement Savings
Would you like to explore other investment alternatives for your retirement savings? Contact one of our CUNA1Investment Advisors who can help you find the investments that best meets your needs.
High Yield Money Market Account
Dividend Rate
APY1
Minimum Balance Required to earn APY2
0.06%
0.06%
<$2,500
0.08%
0.08%
$2,500
0.11%
0.11%
$10,000
0.14%
0.14%
$25,000
0.19%
0.19%
$50,000
1APY = Annual Percentage Yield. Rates will not change until the next tier is reached (ex. balance of $2,500 to $9,999 will have a rate of 0.08% APY). Rates are subject to change after account opening. 2For IRA Money Market the minimum to open account is $25. Minimum to open regular Money Market account is $1000, $10 fee per month for daily balances below $1000. Penalties apply for “under the minimum daily balance”, which may reduce earnings.
Premium Money Market Accounts (regular and IRA accounts)
Dividend rate
APY1
Minimum Balance Required to earn APY2
0.628%
0.63%
$10,000
1.243%
1.25%
$100,000
1.864%
1.88%
$250,000
1APY = Annual Percentage Yield. Rates will not change until the next tier is reached (ex. balance of $10,000 to $99,999.99 will have a dividend rate of 0.628%). Rates are subject to change after the account is opened. 2For Premium Money Market the minimum to open account is $10,000. Points for Perks cannot be used to increase the rates on the Premium Money Market accounts.
Disclosures
1Educators Investment Services Advisors are registered representatives of CUNA Brokerage Services, Inc. Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty States of the United States of America.
Non-deposit investment products and services are not Federally insured by NCUA.
Note* To members with automatic IRA withdrawals – You may change your withholding election any time prior to receiving your payment. IRA withdrawals are subject to federal income tax withholding, unless you elect no withholding. Withholding from IRA payments, when combined with other withholding, may relieve you from payment of estimated income taxes. However, your withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient. Please contact us if you need to verify or change your withholding.
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