IRA Share 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 Share Accounts.
| Minimum Balance | $100 |
| Monthly Service Charge | None |
| Withdrawals | Permitted according to the IRS regulations. Minimum IRA Share withdrawal is $100. |
| Withdrawal Penalty | May apply according to IRS regulations. |
| Closing Fee | $25 |
| Dividend Rates | 1.26% APY† 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 |
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| 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
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| 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. |
†APY = Annual Percentage Yield
*At this time payroll deduction is only available to employees of ANL and Fermilab.
For more information regarding IRAs visit our IRA Center™, e-mail memberservices@argonnecu.org or call (815) 267-7700 or (866) 469-6228
