SHARE & IRA CERTIFICATES
INDIVIDUAL RETIREMENT ACCOUNTS
RATES
Share & IRA Certificates
EECU offers high-yield Share & IRA Certificates to meet virtually every investment need. Compare our investment options with those of other financial institutions and you'll probably find that EECU offers higher dividends and more choices.
- Invest a set amount of money for a specific length of time
- Higher investment rates than a regular share account
- IRA certificates offer the additional benefit of certain tax advantages
- Insured by the National Credit Union Share Insurance Fund (NCUSIF), part of the National Credit Union Administration (NCUA), a federal agency.
Individual Retirement Accounts
We offer two types of Individual Retirement Accounts: Traditional and Roth. We also offer the Coverdell Education Savings Account (formerly the Education IRA). All are available as IRA Share Savings or IRA Share Certificates.
Traditional IRA
A savings vehicle that allows you to make annual contributions, all of which may be tax deductible.
Roth IRA
Invest your after-tax dollars, let the investment grow tax-deferred, and withdraw your principal and earnings tax-free after five years.
Coverdell Education Savings
Formerly the Education IRA, is an investment tool designed to help you save for a child's education expenses.
All feature:
- No annual fees
- Dividends paid monthly or at maturity (compounded into the certificate balance, transferred to a share account, or mailed to your address on file)
- Insured for up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), part of the National Credit Union Administration (NCUA), a federal agency.
For more information or to open a certificate or an Individual Retirement Account, call our Member Service Center at 1-800-538-3328 or visit any EECU branch. Share Certificates may also be opened in Online Access Home Banking and the Mobile App. Complete the Open a Share Certificate request form in the New Accounts and Loans menu and we will process your request in two business days.
Rates
| 90th Anniversary Share/IRA Certificate Special April 1 – 30, 2024 |
||
|---|---|---|
| Minimum Balance | APY | Dividend Rate |
| $500 | 5.09%* | 4.98% |
*APY = Annual Percentage Yield. Share or IRA Certificate must be opened between 4/1/24 – 4/30/24. Penalty for early withdrawal. Minimum balance to open and earn 5.09% APY is $500. EECU membership required. Insured by NCUA.
Annual Percentage Yields and rates current as of 7:00 a.m. on April 23, 2024
| Term | Minimum Balance to open | Annual Percentage Yield (APY) | Dividend Rate |
|---|---|---|---|
| 91 Day | |||
| $500 | 2.63% | 2.60% | |
| $10,000 | 2.68% | 2.65% | |
| $50,000 | 2.73% | 2.70% | |
| $100,000 | 2.78% | 2.75% | |
| 6 Month | |||
| $500 | 2.99% | 2.95% | |
| $10,000 | 3.04% | 3.00% | |
| $50,000 | 3.09% | 3.05% | |
| $100,000 | 3.14% | 3.10% | |
| 1 Year | |||
| $500 | 3.25% | 3.20% | |
| $10,000 | 3.30% | 3.25% | |
| $50,000 | 3.35% | 3.30% | |
| $100,000 | 3.40% | 3.35% | |
| 18 Month | |||
| $500 | 3.30% | 3.25% | |
| $10,000 | 3.35% | 3.30% | |
| $50,000 | 3.40% | 3.35% | |
| $100,000 | 3.45% | 3.40% | |
| 2 Year | |||
| $500 | 3.40% | 3.35% | |
| $10,000 | 3.45% | 3.40% | |
| $50,000 | 3.51% | 3.45% | |
| $100,000 | 3.56% | 3.50% | |
| 3 Year | |||
| $500 | 3.45% | 3.40% | |
| $10,000 | 3.51% | 3.45% | |
| $50,000 | 3.56% | 3.50% | |
| $100,000 | 3.61% | 3.55% |
APY assumes principal and dividends remain on deposit for the length of the term. Penalty for early withdrawal.
Annual Percentage Yields and rates current as of 7:00 a.m. on April 23, 2024
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| Term | Minimum Balance to open | Annual Percentage Yield (APY) | Dividend Rate |
|---|---|---|---|
| 1 Year | $500 | 3.25% | 3.20% |
| 18 Month | $500 | 3.30% | 3.25% |
| 2 Year | $500 | 3.35% | 3.30% |
| 3 Year | $500 | 3.40% | 3.35% |
| 4 Year | $500 | 3.45% | 3.40% |
| 5 Year | $500 | 3.51% | 3.45% |
APY assumes principal and dividends remain on deposit for the length of the term. Penalty for early withdrawal.
APY and rates in effect April 1, 2024
| Dollar Amount From | Dollar Amount To | Annual Percentage Yield (APY) | Dividend Rate |
|---|---|---|---|
| $0.00 | Any amount | .40% | .40% |
APY assumes principal and dividends remain on deposit for the length of the term. Penalty for early withdrawal.
