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 Central. Rates effective as of
9/1/2010
†APY = Annual Percentage Yield
IRA Certificate Accounts
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
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
Terms
Annual Percentage Yield
3 months
.30%
6 months
.50%
12 months
1.00%
24 months
1.50%
36 months
1.75%
48 months
2.10%
60 months
2.50%
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
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 Central 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
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. for more information regarding ASI.
*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
Accounts & Services
