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Traditional IRA

A Traditional IRA is available for anyone earning income to make contributions up to age 70 ½, and allows the account holder to defer taxes on deposits until they year the funds are withdrawn. If you intend to be in the same or lower tax bracket during retirement, you may save money by paying the tax rate that applies to you during retirement, rather than your current tax rate.

  • Deduct contributions the year they are invested
  • Withdrawals will be taxed at the applicable rate during retirement
  • Make withdrawals penalty-free after age 59 ½
  • Insured up to $250,000 by the NCUA, so your investment is safe
  • No maintenance fees

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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