SEP IRA Share Savings Account

The SEP IRA Share Savings Account is a flexible low opening balance account that pays a good dividend rate.

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  • The opening balance requirement is only $50.00, and it pays quarterly dividends
  • The Credit Union charges no fees on our IRA accounts

To Open a SEP IRA Share Savings Account, Click here to Contact Us


SEP IRA High Yield Share Savings Account

The SEP IRA High Yield Share Savings account provides our best IRA savings account dividend rate and maximum flexibility with your money.

  • It pays our highest savings account rate on a monthly basis
  • The Credit Union charges no fees on our IRA accounts

To Open a SEP IRA High Yield Share Savings Account, Click here to Contact Us


Simplified Employee Pension Plan IRA (SEP IRA) Tax Information

Businesses of any size, including the self-employed, can setup a Simplified Employee Pension Plan for its employees. SEP IRAs provide the following benefits to the employer:

  • There are no costs to establish a SEP
  • There are no administrative costs for a SEP
  • The Credit Union maintains each employee's SEP IRA account and is responsible for providing all disclosures and notification to each employee and the Internal Revenue Service

Internal Revenue Service (IRS) restrictions on a SEP IRA:

  • The employer must make uniform contributions to every employee
  • The employer can provide no additional retirement programs to its employees
  • Employer contributions are 100% vested or owned by the employees

The maximum annual contribution to every employee is the lesser of:

  • $44,000.00 plus cost-of-living adjustments for each year thereafter, or
  • 25% of each employee's annual pay

< 36 Month SEP IRA Term Share Certificates

90 day, 6 month, 12 month, 18 month and 24 month SEP IRA Term Share Certificates provide you a high fixed rate of return with the flexibility to plan or ladder your certificate maturities to meet your personal needs.

  • These certificates pay high fixed rate quarterly dividends with a low opening balance of only $500.00
  • These certificates automatically renew at our current rates giving you the peace of mind that your money is always invested at our highest rates

To Open a SEP IRA Term Share Certificate, Click here to Contact Us


36 Month and Greater SEP IRA Term Share Certificates

36 month, 48 month and 60 month SEP IRA Term Share Certificates pay our highest dividend rates today and allow you to "Bump" your rate higher during the term of the certificate.

  • These certificates pay our highest fixed rate quarterly dividends with a low opening balance of only $500.00 and provide you with a specific number of dividend rate Bumps
  • These certificates automatically renew at our current rates giving you the peace of mind that your money is always invested at our highest rates
  • To exercise a certificate dividend rate Bump, simply contact the Credit Union to request the current Credit Union rate for your certificate term, and you will receive the new higher rate until your certificate matures or you Bump the rate again

To Open a SEP IRA Term Share Certificate, Click here to Contact Us

 
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