IRA Certificate Accounts

Save for Retirement & Education Expenses

Some types of IRAs allow you to save without paying taxes on the funds until you begin to make withdrawals, while other IRAs offer tax-deferred earnings. ACU offers both IRA Share and IRA Certificate Accounts. For general IRA information, calculators & forms to open, contribute or withdraw from your IRA visit our IRA Center™.

Below are details for ACU IRA Certificate Accounts. 

Minimum Balance	$500
Monthly Service Charge	None
Terms Available	Certificate: 3, 6, 12, 24, 36, 48 and 60 months 18-month Certificate Special 3.50% APY  - Limited Time Only
Withdrawals	Permitted according to the IRS regulations.
Withdrawal Penalty	There is a loss of dividends for early withdrawal. Additional penalties may apply according to IRS regulations.
Closing Fee	$25
Dividend Rates	Rates effective as of January 1-7, 2009 Terms Annual Percentage Yield 3 months 1.70% 6 months 2.25% 12 months 2.75% 24 months 3.05% 36 months 3.25% 48 months 3.50% 60 months 3.75% Dividends are compounded and paid monthly based on the average daily balance. The dividend rate and APY may change every dividend period as determined by the Board of Directors.
Dividend Payment Options	Compounded on IRA balance Transferred into another account Withdrawn by check
Certificate Renewal	You have 7 calendar days from the date of maturity to redeem or withdraw from your Share or IRA Certificate. Any unredeemed accounts will automatically rollover, for the same term and at the current rate, on the maturity date.
Types of IRAs	Traditional, Roth, and Coverdell Education
Contributions	Limits vary depending upon your age and the type of IRA. Visit our IRA Center™ for limits & eligibility or e-mail memberservices@argonnecu.org.
Automatic Deposits	You may have money deposited into your account with automatic transfer or payroll deduction*.
Statements	Issued Quarterly by Mail or E-statements If you have a checking account or electronic transactions post to your prime shares, monthly statements are provided.
ASI Insured	Funds are insured up to $250,000 per account. By member choice, this institution is not federally insured. Click here for more information regarding ASI.

^†APY = Annual Percentage Yield
*At this time payroll deduction is only available to employees of ANL and Fermilab.

For more information regarding IRA Certificate Accounts e-mail memberservices@argonnecu.org or call (815) 267-7700 or (866) 469-6228