IRA Certificate Accounts
Save for Future Retirement & Education Expenses
If you are looking for a higher return and don't need to access your IRA funds anytime in the near future, an IRA Certificate is the product for you! While some types of IRAs allow you to save without paying taxes on the funds until you begin to make withdrawals, other IRAs offer tax-deferred earnings which can benefit you in retirement or when you're saving for education expenses. Need access to your IRA funds soon? Abri offers IRA Share Accounts to meet your needs.
Looking for general IRA information, calculators & forms to open, contribute or withdraw from your IRA?
Visit IRA Central for all of your IRA needs!
Below are details for ACU IRA Certificate Accounts.
|Minimum Balance||$500 for 6, 12, 24, 36, 48 and 60 month terms
$10,000 for 15 month term
|Annual Maintenance Fee||$25 charged on July 1st.|
|Terms Available||Certificate: 6, 12, 15, 24, 36, 48 and 60 months|
|Withdrawals||Permitted according to the IRS regulations.|
|Withdrawal Penalty||There is a loss of dividends for early withdrawal. Additional penalties may apply according to IRS regulations.|
Rates effective as of 1/1/2019
Dividends are compounded and paid monthly based on the average daily balance. The dividend rate and APY may change every dividend period as determined by the Board of Directors.
|Dividend Payment Options||
|Certificate Renewal||You have 7 calendar days from the date of maturity to redeem or withdraw from your Share or IRA Certificate. Any unredeemed accounts will automatically rollover, for the same term and at the current rate, on the maturity date.|
|Types of IRAs||Traditional, Roth, and Coverdell Education|
|Contributions||Limits vary depending upon your age and the type of IRA. Visit our IRA Central for limits & eligibility or e-mail email@example.com.|
|Automatic Deposits||You may have money deposited into your account with automatic transfer or payroll deduction.|
|Statements||Issued Quarterly by
|ASI Insured||Funds are insured up to $250,000 per account. By member choice, this institution is not federally insured. for more information regarding ASI.|
†APY = Annual Percentage YieldFor more information regarding IRA Certificate Accounts e-mail firstname.lastname@example.org or call (815) 267-7700 or (866) 469-6228