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RETIREMENT AND EDUCATION SAVINGS

My future, prepared

Save for College or Retirement

Retirement Savings

Use an Individual Retirement Account (IRA)1 to plan a better, brighter retirement.

Education Savings

Open a Coverdell Education Savings Account (ESA) to save for a child’s education.

Competitive Rates

At Xceed, we offer the competitive rates you need to grow faster and go farther.

Which approach is right for me?

Account type Best if you …
Traditional IRA2
Best if you …

Want to deduct savings now and pay taxes later

  • Save tax-free now
  • Pay taxes later, when you may be in a lower bracket
Roth IRA3
Best if you …

Want to pay taxes now and withdraw your savings tax-free later

  • Pay taxes upfront
  • Let your money grow tax-free
Roth IRA Accumulator
Best if you …

Want variable rates on after-tax savings

  • Pay taxes upfront
  • Let your money grow tax-free
  • Quarterly dividends
  • Variable rates
IRA Certificate
Best if you …

Want steady savings with no surprises

  • Minimum opening deposit of $500
  • Federally insured up to $250,000
  • Traditional or Roth certificates
  • Choose a term from six to 60 months
  • Quarterly dividends
  • Fixed or variable rates
Coverdell Education Savings Account (ESA)
Best if you …

Want to save for a child’s education

  • Tax-free savings for children age 17 or younger
  • Savings can be spent on school, college, or other educational expenses
IRA Savings Accounts

Minimum to Open

Minimum Balance to Earn APY

Dividend Rate

APY1

¹APY = Annual Percentage Yield. The dividend rates and APY are effective as of 8/31/2016 and are determined by the Board of Directors. Fees incurred may reduce earnings on these accounts. Rates, terms and conditions are subject to change at any time.

Minimum to Open

$0

Minimum Balance to Earn APY

$0-$99.99

Dividend Rate

0.25%

APY1

0.25%

Minimum to Open

$0

Minimum Balance to Earn APY

$25,000 - $49,999.99

Dividend Rate

0.25%

APY1

0.25%

Minimum to Open

$0

Minimum Balance to Earn APY

$50,000 - $99,999.99

Dividend Rate

0.25%

APY1

0.25%

Minimum to Open

$0

Minimum Balance to Earn APY

$100,000 and over

Dividend Rate

0.25%

APY1

0.25%

IRA Share Certificates

Term

Minimum to Open

Minimum Balance to Earn APY

Dividend Rate

APY1

 

¹APY = Annual Percentage Yield. The dividend rates and APY are effective as of 10/9/2018 and are determined by the Board of Directors. Rates, terms and conditions are subject to change at any time. Fees incurred may reduce earnings on these accounts. A penalty may be imposed for early withdrawal.

Term

6 Month

Minimum to Open

$500

Minimum Balance to Earn APY

N/A

Dividend Rate

1.24%

APY1

1.25%

Term

12 Month

Minimum to Open

$500

Minimum Balance to Earn APY

N/A

Dividend Rate

1.99%

APY1

2.00%

Term

18 Month

Minimum to Open

$500

Minimum Balance to Earn APY

N/A

Dividend Rate

2.23%

APY1

2.25%

Term

24 Month

Minimum to Open

$500

Minimum Balance to Earn APY

N/A

Dividend Rate

2.48%

APY1

2.50%

Term

36 Month

Minimum to Open

$500

Minimum Balance to Earn APY

N/A

Dividend Rate

2.72%

APY1

2.75%

Term

48 Month

Minimum to Open

$500

Minimum Balance to Earn APY

N/A

Dividend Rate

2.87%

APY1

2.90%

Term

60 Month

Minimum to Open

$500

Minimum Balance to Earn APY

N/A

Dividend Rate

2.97%

APY1

3.00%

Open an Account

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Online banking »
New to Xceed? Open your account today
Get started »
Call us to talk to one of our associates
800.XFCU.222

Tools & Tips

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Save for the Long Term

So, you’ve had a regular savings account for years, and

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Save with a Purpose

Deciding to beef up your savings is a great decision,

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What’s in a Savings Account?

Savings accounts with your credit union typically come in one of three forms: regular savings, share certificates, and money market accounts.

Let’s Get Started

Visit a Financial Center to open an IRA or ESA
Find a location »
Give us a call to open a new IRA or ESA today
800.XFCU.222
Face to face, anywhere — video chat with us
Xperience Center »

Disclosures

¹The IRA contribution limit for 2018 is $5,500. Those age 50 and older have a catch-up deal; they can contribute an extra $1,000 a year. These limits cover both IRA options (Traditional and Roth). For example, for a $5,500 limit, you can put $3,500 in a Roth IRA and $2,000 in a Traditional IRA, or $5,500 in one or the other but not in both.

²To open a Traditional IRA, you must have earned income for the year and be younger than 70½ years.Those who do not participate in a pension plan at work or who do participate and meet certain income guidelines are eligible to make deductible contributions. There is no penalty for withdrawals beginning at age 59½ or if the member becomes disabled. Distributions are mandatory at age 70½. There is a 10% IRS penalty for early withdrawals. Some exceptions apply. This information is not intended as tax advice. Please consult your tax advisor.

³For Roth IRAs in 2018, contributions are allowed if Adjusted Gross Income is less than $120,000 (single), less than $10,000 (married, filing separately), and less than $189,000 (married, filing jointly). Contribution amounts phase out between Adjusted Gross Income of $120,000-$135,000 (single), $0-$10,000 (married, filing separately), and $189,000-$199,000 (married, filing jointly). At age 59½, earnings may be withdrawn tax-free if the funds have been in the account for at least five years. Prior to age 59½, original contributions may be withdrawn without tax penalty or income tax. Qualified “Special Purpose” distributions (of contributions and earnings) are allowed before age 59½ without tax penalty for qualified higher education expenses and for up to $10,000 towards a first time home purchase.

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