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 Put Your Money to Work

You work for your money, now put your money to work for you! 

Service One’s investment rates compare favorably to other financial institutions. Take your time and look over our investment rates, and give us a call if you have any questions.


 Plan for Your Future with an IRA


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 and savings deposits are federally insured by NCUA to at least $250,000. For more detailed information view the NCUA Your Insured Funds Pamphlet. The IRAs available at SOCU are:

Traditional IRA

  • Contribute up to $6,000 a year or $7,000 if you’re age 50 or older.
  • Earnings are based on the balance of your account.
  • Savings grow tax-deferred. (Possible tax deduction.)
  • Withdraw at age 59 1/2 without penalty. Can make withdrawal earlier but will have tax consequences.
  • Catch-up contributions are available for individuals age 50 and over.
  • Consult your tax advisor.

The Roth IRA

  • Contribute up to $6,000 a year or $7,000 if you’re age 50 or older.
  • Earning withdrawals are tax-free at age 59 1/2 or for qualified reasons.
  • Contributions permitted after age 70 1/2.
  • Catch-up contributions are available for individuals age 50 and over.
  • Consult your tax advisor.


 Coverdell Education Savings Account

Child with piggy bank

A Coverdell Education Savings Accounts (ESA) is a trust or custodial account designed to help families pay for education. 

Now is the time to plan for the future.

  • Use for elementary, secondary, and post-secondary education.
  • Contribute $2,000 a year per child under the age of 18.
  • Earnings grow tax-deferred until withdrawn.
  • Funds can be transferred from one child’s account to an account for another child in the family.
  • Consult your tax advisor.

Federally Insured

 Federally Insured

National Credit Union Association

Your savings are federally insured to at least $250,000 by the National Credit Union Administration (NCUA) a federal agency backed by the full faith and credit of the United States Government. For more information about how the NCUA insures your funds, view How Your Accounts are Federally Insured.

Ask an associate how your funds over $250,000 can be insured.


All investment rates are subject to change without notice. Contact a branch location to confirm current rates. Fees may reduce earnings on an account. Possible penalty for early withdrawals. See related Account Agreement and Fee Schedule for details. 

Product offers, rates, terms, and other information provided herein are subject to change without notice. Due to the occasional inaccessibility to our website which may be beyond our control, Service One Credit Union cannot guarantee the completeness or accuracy of the information provided herein. To verify current offers and rates, please call any Service One Credit Union location.

Promotional Certificates

*Specific Terms Applicable to Your Promotional 8-Month or 13-Month Certificate

*APY=Annual Percentage Yield. This APY is correct as of 8/2022. Minimum Balance Requirement to open this account is $1,000.00. You must maintain a balance equal to the minimum balance required to open your account each day to obtain the disclosed annual percentage yield and to keep your account open. Your account will mature at the end of the promotional term you selected, will automatically renew into a 12-Month High Yield certificate at the rate offered at maturity if you take no action, and you will have a grace period of seven calendar days following the Maturity Date to make deposits and/or withdrawals without penalty. If funds are withdrawn before maturity, a penalty of 90 days interest will be imposed. Except for Add-On Certificate Accounts, once your account is established you may not make deposits into your account.

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