Share Certificate IRA

Get all the benefits of an IRA with added security, flexibility, and higher dividends of an SACU Savings Certificate.

  • Open with $500 minimum deposit
  • Contributions may be tax deductible
  • Earnings are tax-deferred
  • Up to 2.60% APY with dividends paid monthly
  • Contribute every year up to age 70 1/2
  • Penalty-free early withdrawal options for first-time home purchase or college expenses
  • Funds federally insured up to $250,000

Note: Withdrawals in retirement are taxed at ordinary income tax rates. For other options, explore certificate and IRAs.

VIEW RATES


Benefits for Today and Tomorrow

As with any IRA, the SACU Share Certificate IRA provides tax advantages on contributions that help you save for retirement. Anyone with earned income who is younger than 70 1/2 years old can open and make contributions to a Share Certificate IRA. Contributions may be tax deductible on both state and federal tax returns for the year in which you make the contribution. Contributions may lower your taxable income in the contribution year, which may help you qualify for other tax incentives.

Note: Deposits to an IRA are limited by Federal Regulations. Consult your tax advisor regarding your personal tax situation. Check the current contribution limits in place each year you contribute to your Traditional IRA.


Certificate Earnings

Opening a Share Certificate IRA is also a contract between SACU and a member. It gives you an alternative way to invest retirement funds for a specific period of time in order to earn higher dividends and a better annual percentage yield (APY). Open your SACU Share Certificate IRA with an initial purchase amount that works for you. Earn monthly dividends and an annual percentage yield (APY) over a term as short as three months or as long as ten years — or choose a fixed term of just one year. Dividends and APY are paid monthly at a rate corresponding to your purchase amount and term. Account holders must have earned income or alimony in order to open and make annual contributions to a Share Certificate IRA, and this account may not be used as collateral for any type of loan.

VIEW RATES

Note: The dividend rate and corresponding annual percentage rate (APY) for the contract period will be determined based on the purchase amount and the contract term. If choosing a fixed, one-year term, dividend rate will not change during the term. Dividends are paid monthly and calculated using the daily balance method. A penalty will be imposed for early withdrawal, including substantial penalties on tax-deferred instruments. Fees could reduce earnings.


Options for Withdrawal

With a Traditional IRA, when you turn 70 1/2, you must begin taking required minimum distributions (RDMs). These withdrawals are taxed at ordinary income tax rates at the time of withdrawal. Early withdrawals are subject to penalty. Up to $10,000 may be withdrawn without the normal early withdrawal penalty to pay for qualified first-time home buyer or college expenses. At age 59 1/2, additional qualified early distributions may be allowed.

Note: Substantial penalties for early withdrawal will apply except for those specifically permitted under IRS Regulations. If you wish to make a withdrawal, check to determine whether you may do so penalty-free, or if you will face an early withdrawal penalty.


Get Help from SACU

Opening your IRA is easy — we’re here to help. The type of individual retirement account you choose can significantly affect your long-term savings. Be sure to understand your IRA options to choose the best one for you. For help in understanding your options, or to open an IRA, call our Member Service Center at (210) 258-1234 or toll free at 1-800-688-SACU (7228).


Your Insured Funds

SACU IRAs are insured separately up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency. Similar to deposit insurance coverage offered by the FDIC for banks, the NCUA operates the National Credit Union Share Insurance Fund (NCUSIF) to protect accounts at federally insured credit unions.

More Details:  Account type and ownership factor into coverage amounts. Read up on NCUA Share Insurance (PDF) to maximize your coverage, estimate your coverage online, or call our Member Service Center at (210) 258-1234 or toll free at 1-800-688-SACU (7228) for further information on your insured funds.
 

Join SACU and become a member today

Share Certificate

Ready to work towards a savings goal? Consider a savings certificate with flexible terms you choose.

Traditional IRA

Open an IRA designed to help you save for retirement and gain tax advantages on your contributions each year.

SACU Rate Preferred Visa®

Look no further for a no annual fee credit card with great rates.

Line of Credit

An SACU Line of Credit allows you to make an advance to yourself anytime up to your pre-approved line of credit limit.

Share Certificate IRA Rates

Account BalanceDividend RateAnnual Percentage Yield
$0.00 - $9,999.990.55%0.55%
$10,000.00 and up0.55%0.55%
Account BalanceDividend RateAnnual Percentage Yield
$0.00 - $9,999.991.09%1.10%
$10,000.00 and up1.19%1.20%
Account BalanceDividend RateAnnual Percentage Yield
$0.00 - $9,999.991.29%1.30%
$10,000.00 and up1.29%1.30%
Account BalanceDividend RateAnnual Percentage Yield
$0.00 - $9,999.991.39%1.40%
$10,000.00 and up1.39%1.40%
Account BalanceDividend RateAnnual Percentage Yield
$0.00 - $9,999.991.59%1.60%
$10,000.00 and up1.59%1.60%
Account BalanceDividend RateAnnual Percentage Yield
$0.00 - $9,999.991.98%2.00%
$10,000.00 and up1.98%2.00%
Account BalanceDividend RateAnnual Percentage Yield
$0.00 - $9,999.992.37%2.40%
$10,000.00 and up2.37%2.40%
Account BalanceDividend RateAnnual Percentage Yield
$0.00 - $9,999.992.57%2.60%
$10,000.00 and up2.57%2.60%

Rates are effective as of February 17, 2017

A penalty will be imposed for early withdrawal, including substantial penalties on tax-deferred instruments.

Includes Traditional, Roth, and Education IRAs.

SACU IRA share certificates are available with a minimum deposit of $500.

Actual certificate dividend rate and annual percentage yield (APY) will be based on the dividend rate in effect on date of deposit. Dividend rates are fixed unless otherwise stated. The annual percentage yield assumes that dividends remain on deposit until maturity. A withdrawal of dividends will reduce earnings. Published rates and annual percentage yields (APYs) are subject to change daily.

Your SACU investments are insured up to at least $250,000 by the National Credit Union Administration (NCUA), as a U.S. Government Agency. In addition, your SACU IRA investments are insured, separately, up to $250,000 by the NCUA. Membership eligibility required. For current rates, APY, or additional information, please ask an Account Service Representative or call the SACU Member Service Center U.S. Toll Free at 1-800-234-7228 or in San Antonio at 210-258-1234.