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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.

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Traditional IRA4

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  • Dividend earnings are tax-deferred until withdrawn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 returns
  • No income limits
  • Anyone under age 70½ can open
  • Penalty-free withdrawals can begin at age 59½5
  • Mandatory withdrawals begin at age 70½
Roth IRA4

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  • Contributions - not earnings - to the savings account option can be withdrawn penalty-free at any time
  • Contributions to the CD account option cannot be withdrawn without penalty until maturity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)4

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


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.