IRA & Coverdell Education Savings Accounts

It's never too early (or too late!) to start saving for retirement or a child's education.

SECU offers a variety of options to help achieve your savings goals.

  • Open an IRA Savings account or IRA Certificate of Deposit.
  • Transfer an IRA from another financial institution (or broker) to SECU without penalty.
  • Individual Retirement Accounts (IRAs) including IRA Certificates of Deposit are insured separately from your other deposits at SECU. IRAs are insured up to $250,000 by the National Credit Union Administration (NCUA). 
  • A Coverdell Education Savings Account  (formerly an Education IRA) accumulates interest tax-free. You can withdraw money from this account without penalty and it's possible to put money into a state- or institution-sponsored prepaid tuition plan and not pay taxes on it until you withdraw the money. 
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