Skip to main content
Text Size
Rates Membership Locations News Contact Login
Pop Foundation Apply Join

IRAs

Home / Banking / / IRAs

Start saving now or step-up your strategy

Traditional IRAs, Roth IRAs, and Education IRAs can be opened either as a savings account or a certificate account. The savings option offers members the ability to earn a variable dividend1 rate and the flexibility to access2 their funds at any time. A certificate account gives members the opportunity to earn a higher, fixed dividend3 rate for a term that is right for their needs.

Visit one of our locations to open today!

Locations Check Rates
Traditional IRA

Let your money grow tax-deferred and enjoy the possibility of tax advantages.

  • Dividend earnings are tax-deferred until withdrawn
  • Contributions may be tax-deductible on current returns4
  • No income limits
  • Anyone under age 70½ can open
  • Penalty-free withdrawals can begin at age 59½5
  • Mandatory withdrawals begin at age 70½
Roth IRA

While contributions are not tax-deductible, your earnings may be tax-free.

  • Dividends grow tax-free
  • Earnings may be 100% tax-free upon withdrawal (account must be open at least 5 years)
  • Income restrictions to open account
  • Contributions - not earnings - to the savings account option can be withdrawn penalty-free at any time
  • Contributions to the CD account option cannot be withdrawn without penalty until maturity
  • Penalty-free withdrawals on dividend earnings at age 59½5
  • No required minimum distributions after age 70½
Education IRA (Coverdell Education Savings Account)

Designed to help individuals save for a child's future education expenses.

  • Dividends grow tax-free
  • Withdrawals are tax-free when used for qualified education expenses6
  • Contributions are not tax deductible
  • Beneficiary must be under 18 at time of opening
  • Beneficiary does not have to be a relative
  • Mandatory distributions begin if balance remains when beneficiary reaches age 30
  • Maximum annual contribution of $2,000

Disclosures

1 Compounded and credited monthly using the daily balance method.
2 No more than 6 preauthorized, automatic, or telephone transfers may be made from each share in any month - see complete account disclosures.
3 Compounded and credited monthly. If you elect to have dividends paid to you by check, or transferred to another account, compounding will not occur. See complete account disclosures.
4 Consult a tax advisor.
5 Certain exceptions apply where early withdrawals do not incur penalties, such as for healthcare and purchasing a first home among others. Early withdrawal penalties may apply when withdrawing funds from an SSSCU Certificate Accounts.
6 Qualified expenses include tuition and fees, books, supplies, room and board, etc.

Notice

You are leaving the Silver State Schools Credit Union (SSSCU) website. The website you have selected is an external one located on another server. SSSCU's privacy policy does not apply to nor has any responsibility for any external website. It neither endorses the information, content, presentation, or accuracy, nor makes any warranty, express or implied, regarding any external site. Thank you for visiting SSSCU's website.

OK Cancel