Put your money to work for you. SOCU's investment rates compare favorably to other financial institutions.
It's never too early or too late to start planning for your retirement. Experts predict that the average American will need nearly 70% of their pre-retirement income to maintain a comfortable lifestyle after retirement. Our federally insured IRAs earn high investment rates. Dividends are determined by the credit union, compounded quarterly and have withdrawal and contribution limitations.
IRA deposits are federally insured by NCUA to at least $250,000. NCUA Your Insured Funds Pamphlet.
The IRAs available at SOCU are:
The Roth IRA
Earn competitive market rates when you invest as little as $500. Available terms range from 6 months to 5 years.
Open an Add-On Share Certificate with just $25! You can add-on more funds through payroll or automatic deposit, or at any time with as little as $10. This 6-month certificate has an automatic renewal.
Can't commit? Then we've got the perfect certificate for you! Our Freedom Certificate is a special one-year, $20,000 minimum balance certificate with a 14-day notice, no penalty withdrawal option. Think of it as a certificate for the non-committal.
Available terms range from 6 months to 5 years.
coverdell education savings account