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Simplified Employee Pension IRA (SEP IRA)

If you are self-employed or a small business owner, you and your employees may benefit from a simplified employee pension plan (SEP IRA). Under this retirement plan, you may contribute to your personal retirement as well as separate IRAs for your employees.
 

  • Enjoy the benefits of the Traditional IRA for yourself and your employees
  • Attract and retain staff by offering a retirement benefit
  • Allow employees the flexibility to choose their investment type
  • Contribute to employee IRAs even if the employee does not make a contribution

For more information, call us at 817-882-0800; or visit the EECU branch nearest you to open your IRA today.

IRA Rates

Compounds monthly. Dividend and Interest are credited monthly.
Type of Account Term Dividend Rate2 APY1 Min. Deposit to Open3
IRA CD - Fixed 6 Month 0.35% 0.35% $1,000.00
IRA CD - Fixed 12 Month 0.50% 0.50% $1,000.00
IRA CD - Fixed 18 Month 0.65% 0.65% $1,000.00
IRA CD - Fixed 24 Month 0.80% 0.80% $1,000.00
IRA CD - Fixed 48 Month 1.49% 1.50% $1,000.00
IRA CD - Fixed 60 Month 1.98% 2.00% $1,000.00
IRA Savings - Variable Variable 0.25% 0.25% $100.00

1 APY = Annual Percentage Yield. Rates subject to change without notice.
2 Rate = Dividend Rate
3 Must maintain a minimum $1,000 balance to earn APY ($100 balance on IRA Savings)
There is a penalty for early withdrawal

Compounds monthly. Dividend and Interest are credited monthly.
Type of Account Term Dividend Rate2 APY1 Min. Deposit to Open3
Jumbo IRA CD 6 Month 0.40% 0.40% $50,000.00
Jumbo IRA CD 12 Month 0.55% 0.55% $50,000.00
Jumbo IRA CD 18 Month 0.70% 0.70% $50,000.00
Jumbo IRA CD 24 Month 0.85% 0.85% $50,000.00
Jumbo IRA CD 48 Month 1.54% 1.55% $50,000.00
Jumbo IRA CD 60 Month 2.03% 2.05% $50,000.00

1 APY = Annual Percentage Yield. Rates subject to change without notice. Fees could reduce the earnings on the account.
2 Rate = Dividend Rate.
3 Must maintain a minimum $50,000 balance to earn APY.
There is a penalty for early withdrawal.

Compounds Daily. Dividend and Interest are credited monthly.
Dividend Rate APY1 Min. Balance Required to Earn APY Deposit to Open Compound Frequency Div/Int Credited
0.20% 0.20% $15,000.00 - $24,999.99 $15,000.00 Daily Monthly
0.20% 0.20% $25,000.00 - $49,999.99 $15,000.00 Daily Monthly
0.25% 0.25% $50,000+ $15,000.00 Daily Monthly

1 APY = Annual Percentage Yield. Rates subject to change without notice. Fees could reduce the earnings on the account.

 


Information found here is not intended as tax advice. For information regarding your contribution deductibility and responsibilities, please contact your tax advisor.
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Federally insured by NCUA. National Credit Union Administration, a U.S. Government Agency – Member accounts are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

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