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.