U of I Employees Credit Union
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IRA Share Savings

IRA Share and Coverdell Education Savings Accounts

No Minimum Balance

You don't need $4,000 to start an Individual Retirement Account (IRA) Savings Plan. Make regular contributions to an IRA Share Savings Account. It’s like a regular savings account but is set up under IRS guidelines. 

Or, perhaps you have IRA funds coming in from several investments and want to manage or combine them to simplify your portfolio; an IRA Share Savings Account can also help you control the accumulation of maturing investments.

IRA Share Accounts are available as Traditional IRA, Roth IRA, and Coverdell Education Savings Accounts (ESA), have no minimum balance and no credit union withdrawal penalties. However, withdrawals may be subject to IRS penalties and withholding requirements. Dividends are calculated daily and compounded monthly.

IRA and Coverdell Educaton Savings & Certificates FAQs  

Related Pages:  [Account Services[Open Account] [Rates] [Savings FAQ] [Savings Calculator]

 
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