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..:: IRA Savings Account ::.. Friday, October 10, 2008
 IRA Savings Account
An IRA Savings Account is a great way to accumulate the minimum balance necessary to open an IRA Certificate. (IRA dividends may be tax-deferred. IRS rules and regulations apply.)
  • Open with a minimum deposit of $25.
  • Earn dividends by maintaining a minimum average daily balance of $25.
  • Deposits can be made by payroll deduction.
  • There are substantial penalties on funds withdrawn before age 59 ½.
  • IRA Savings Accounts are federally insured by the National Credit Union Share Insurance Fund.
Telco Tip: Set up a direct deposit into your IRA Savings Account. Before you know it, you’ll have saved enough to open a traditional IRA!
  

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