RETIREMENT AND EDUCATION SAVINGS

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Retirement Savings

Set up an Individual Retirement Account (IRA)¹ to plan a better, brighter retirement.

Education Savings

Open a Coverdell Education Savings Account (ESA) to save for a child’s education.

Competitive Rates

At Xceed, we offer the competitive rates you need to grow faster and go farther.

Which approach is right for me?

Account type	Best if you …
Traditional IRA²	Best if you … Want to deduct savings now and pay taxes later
Traditional IRA²	Save tax-free now Pay taxes later, when you may be in a lower bracket
Roth IRA³	Best if you … Want to pay taxes now and withdraw your savings tax-free later
Roth IRA³	Pay taxes upfront Let your money grow tax-free
Roth IRA Accumulator	Best if you … Want variable rates on after-tax savings
Roth IRA Accumulator	Pay taxes upfront Let your money grow tax-free Quarterly dividends Variable rates
IRA Share Certificate	Best if you … Want steady savings with no surprises
IRA Share Certificate	Minimum opening deposit of $500 Federally insured up to $250,000 Traditional or Roth certificates Choose a term from six to 60 months Quarterly dividends Fixed or variable rates
Coverdell Education Savings Account (ESA)	Best if you … Want to save for a child’s education
Coverdell Education Savings Account (ESA)	Tax-free savings for children age 17 or younger Savings can be spent on school, college, or other educational expenses

IRA Savings Accounts

Minimum to Open	Minimum Balance to Earn APY	Dividend Rate	APY¹
¹APY = Annual Percentage Yield. The dividend rates and APY are effective as of 4/1/2021 and are determined by the Board of Directors. The dividend rates and APYs may change after the account is opened and are accurate as of the last dividend declaration date. Fees incurred may reduce earnings on these accounts. Rates, terms and conditions are subject to change at any time.
Minimum to Open $0	Minimum Balance to Earn APY $0 - $99.99	Dividend Rate 0.10%	APY¹ 0.10%
Minimum to Open $0	Minimum Balance to Earn APY $100 - $24,999.99	Dividend Rate 0.10%	APY¹ 0.10%
Minimum to Open $0	Minimum Balance to Earn APY $25,000 - $49,999.99	Dividend Rate 0.10%	APY¹ 0.10%
Minimum to Open $0	Minimum Balance to Earn APY $50,000 - $99,999.99	Dividend Rate 0.10%	APY¹ 0.10%
Minimum to Open $0	Minimum Balance to Earn APY $100,000 and over	Dividend Rate 0.10%	APY¹ 0.10%

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IRA Share Certificates

Term	Minimum to Open	Minimum Balance to Earn APY	Dividend Rate	APY¹
¹APY = Annual Percentage Yield. The dividend rates and APY are effective as of 4/1/2021 and are determined by the Board of Directors. Rates, terms and conditions are subject to change at any time. Fees incurred may reduce earnings on these accounts. There is a penalty for early (premature) withdrawal of certificate funds other than dividends.
Term 6 Month	Minimum to Open $250	Minimum Balance to Earn APY N/A	Dividend Rate 0.35%	APY¹ 0.35%
Term 12 Month	Minimum to Open $250	Minimum Balance to Earn APY N/A	Dividend Rate 0.50%	APY¹ 0.50%
Term 24 Month	Minimum to Open $250	Minimum Balance to Earn APY N/A	Dividend Rate 0.70%	APY¹ 0.70%
Term 36 Month	Minimum to Open $250	Minimum Balance to Earn APY N/A	Dividend Rate 0.80%	APY¹ 0.80%
Term 48 Month	Minimum to Open $250	Minimum Balance to Earn APY N/A	Dividend Rate 0.85%	APY¹ 0.85%
Term 60 Month	Minimum to Open $250	Minimum Balance to Earn APY N/A	Dividend Rate 1.00%	APY¹ 1.00%

For the most accurate rates, tell us where you live.

Your zip code will be stored for one day. During this time, all rates on this page will reflect your current location.

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Tools & Tips

Article | By the Numbers Blog, Saving and Investing

Share certificates (also known as certificates of deposit at banks) are a long-term savings tool. By agreeing to keep your money with a credit union or bank for a pre-determined length of time, you can earn higher returns than with a standard savings account.

Article | By the Numbers Blog, Saving and Investing

What’s in a Savings Account?

Savings accounts with your credit union typically come in one of three forms: regular savings, share certificates, and money market accounts.

Calculator | Calculators, Saving and Investing

Retirement Savings Calculator

Figure out how to meet your retirement goals, and give us a call at 800.XFCU.222 (800.932.8222) to see if an IRA is right for you.

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Disclosures

Information provided is not intended as tax advice. Please consult your tax advisor.

¹The IRA contribution limit for 2019 is $6,000. Those age 50 and older have a catch-up deal; they can contribute an extra $1,000 a year. These limits cover both IRA options (Traditional and Roth). For example, for a $6,000 limit, you can put $4,000 in a Roth IRA and $2,000 in a Traditional IRA, or $6,000 in one or the other but not in both.

²To open a Traditional IRA, you must have earned income for the year and be younger than 70½ years.Those who do not participate in a pension plan at work or who do participate and meet certain income guidelines are eligible to make deductible contributions. There is no penalty for withdrawals beginning at age 59½ or if the member becomes disabled. Distributions are mandatory at age 70½. There is a 10% IRS penalty for early withdrawals. Some exceptions apply.

³For Roth IRAs in 2019, contributions are allowed if Adjusted Gross Income is less than $122,000 (single), less than $10,000 (married filing separately), or less than $193,000 (married filing jointly). Contribution amounts phase out between Adjusted Gross Income of $122,000 – $137,000 (single), $0 – $10,000 (married filing separately), and $193,000 – $203,000 (married filing jointly). At age 59½, earnings may be withdrawn tax-free if the funds have been in the account for at least five years, and original contributions may be withdrawn tax- and penalty-free. Prior to age 59½, you may withdraw contributions at any time, tax- and penalty-free, but you may have to pay taxes and penalties on earnings. Qualified “Special Purpose” distributions (of contributions and earnings) are allowed before age 59½ without tax penalty for qualified higher education expenses and for up to $10,000 towards a first-time home purchase.