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IRA Options

Plan for Your Future Today

It's never too early to plan for your future! With SCCU's IRA options, you can choose between an IRA Certificate of Deposit and an Individual Retirement Account (IRA). Each product is suited to fit your needs and help you save for your retirement today. Visit the below pages to learn more about SCCU's IRA account options.

Ready to open an account? Stop by your nearest SCCU location today!

  • Free CALL-24 telephone banking
  • Free Statements

Invest in your future with an SCCU IRA account and keep 100% of what you earn.

Invest in your future with an IRA CD which earns quarterly dividends.

Individual Retirement Accounts (IRAs)
IRA Savings Account
Visit a Branch to Open
IRA CDs
IRAs
Visit a Branch to Open
Minimum opening deposit
Minimum opening deposit

$100 (or payroll deduction)

Minimum opening deposit

$500; 30 days available to fully fund the account

Transaction limit
Transaction limit

Unlimited deposits

Transaction limit
N/A
Earns interest
Earns interest

Yes

Earns interest

Yes

Minimum daily balance
Minimum daily balance

None

Minimum daily balance
N/A
Monthly low balance fee
Monthly low balance fee

None

Monthly low balance fee
N/A
Requires an adult joint account holder
Requires an adult joint account holder

No

Requires an adult joint account holder
N/A
Monthly service fee
Monthly service fee

None

Monthly service fee

None

Minimum yearly deposit
Minimum yearly deposit
N/A
Minimum yearly deposit

None

Visit a Branch to Open Visit a Branch to Open

Frequently Asked Questions

Regulation D, a federal regulation, limits the amount of money you can withdraw from a savings or money market account. Withdrawals involving online banking, telephone banking, overdraft protection and pre-authorized transfers have no limitations at this time. As of April 24, 2020, the Federal Reserve Board temporarily suspended Reg D until further notice.

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There are no transaction limitations on your savings account at this time. As of April 24, 2020, the Federal Reserve Board temporarily suspended Reg D until further notice.

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The $5.00 in your savings account is the minimum balance established by the Board of Directors as the amount required in an active account and represents your share in the credit union. It is required to remain in your savings account until you close your membership.

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Yes. You may add direct deposit to your Savings Account. The account format required for direct deposit appears on your monthly statement. You may also obtain this information in person by visiting your local branch or by contacting Member Services directly.

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Dividends are calculated using daily balance method and are posted on the last day of each month. The daily balance method calculates dividends on the balance in that account after all transactions and deposits have posted.

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