Individual Retirement Accounts (IRAs)

Still Paying an IRA Annual Fee?
Many Americans still enjoy substantial tax benefits by opening or contributing to an IRA.¹  At USE our IRAs have No Annual Fee. Never had one. Never will! Move your accounts today and save!

1. Professional tax advice recommended for your personal situation.

Making The Right IRA Investment Choices:

From a tax perspective, making the right decision about your retirement is important. However, there is another equally important decision - how to invest your retirement plan assets to provide the most financially secure retirement. If you've already received a distribution from your company's retirement plan and have established an IRA you are managing yourself, you may want to consider whether you have the time and investment expertise to be sure your retirement goals will be achieved. Whether you are about to receive your retirement funds or you've already established an IRA, USE members have access to investment professionals that can assist you in making investment choices to meet your financial goals.

Click here to read more about tax laws and regulations.

Ways To Invest Your IRA:

First, you will need to decide which of the following IRAs will work best for your needs:

• Traditional IRA
• Roth IRA
• Coverdell Education Savings Account (Education IRA)  
• Simplified Employee Pension (SEP)

Then, it's time to decide between USE's variety of IRA investment options:

IRA Options	Features
IRA Regular Savings	- No Minimum Opening Deposit - Variable Rate IRA Account - Earns Dividends on Any Balance - Additional Deposits Permitted
IRA Market Rate Plus	- Earns Dividends on Any Balance - Unlimited Branch Deposits and Withdrawals Without Penalty1 - No Monthly Service Fee on Daily Balance of $2,500 or Higher - Minimum Opening Deposit: $2,500 - Additional Deposits Permitted - Variable Rate IRA Account - Tiered Account Offers Higher Dividends on the Following Balance Ranges:      - $0 - $2,499      - $2,500 - $9,999      - $10,000 and greater
IRA Term Investment	- Minimum Opening Deposit: As Low As $5 -Higher Rate on Opening Deposits of $2,500 and $10,000 - Additional Deposits Permitted at Any Time (within IRS Guidelines) - 12-, 18-, and 24-Month Terms Available - Fixed Rate for the Term of the IRA Certificate - Penalties May Apply for Early Withdrawals

Early withdrawal penalties may apply if you withdraw principal from your account before the maturity date.

 

IRA Rollovers

If you are about to change jobs or retire, you may be eligible to receive a distribution from your qualified retirement plan. If so, rolling these funds into an IRA will keep the funds tax deferred until withdrawal. Consult with your tax advisor for more details.

Important note:  The IRA features described above are for informational purposes only and are subject to change. Advice from a tax advisor or legal counsel is recommended.

Dividend Rates, APYs, and terms are subject to change without notice. Term Investment penalties may apply to early withdrawals. There are fees associated with these accounts. See Schedule of Fees for more information. Fees may reduce earnings. 1. Transactions limitations may apply.