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Individual Retirement Accounts


Greater Kentucky Credit Union Individual Retirement Accounts

Explore all of our IRA options to find the best account to fit your future!

Traditional IRA

Traditional IRAs offer tax-deferred earnings, and the possibility for tax-deductible contributions. These tax advantages make the traditional IRA a powerful tool in creating a balanced, long-term savings plan. Individual Retirement Accounts (IRAs) were originally designed to help you save for retirement, but with all the options available you can also save to buy your first home or for a child's college education.

Roth IRA

This IRA offers more incentives to boost your retirement savings, as well as more ways to use your nest egg. Unlike Traditional IRAs, your contributions to a Roth IRA are never tax-deductible. However, the money in your Roth IRA, including earnings, can be withdrawn tax-free.

Coverdell Education Savings Account

The Taxpayer Relief Act of 1997 created the Education IRA, now known as the Coverdell ESA. Its sole purpose is to help you pay for your child's education expenses, such as tuition, fees, books, supplies, equipment, and, in some cases, room and board and computers.

IRA Passbook

You know you need to start saving for retirement but aren't sure where to begin – with an IRA Passbook, you can start slow and increase your IRA as your budget permits. As long as you are receiving a paycheck, you are never too young to start saving for retirement. $25 minimum to open (no minimum with payroll deduction). Dividends compounded and paid quarterly. Payroll deduct as little as $5 per pay period. No set-up or annual fee.

IRA Certificates

  • 90-Day Super Saver Certificate & IRA
    • With a 90-Day Super Saver Certificate or IRA, you can earn a higher dividend while maintaining the flexibility to move the funds after 90 days. $500 minimum to open. Renews every 90 days. Dividends compounded and paid quarterly. Payroll deduct as little as $5 per pay period. No set-up or annual fee.

  • 2-Year Flex IRA Certificate
    • Flexible IRA Certificates will allow owners to increase the rate once a calendar year on the certificate if the rate on Two Year Certificates increase. $1,000 minimum to open. Can increase rate once per term of the Certificate if the Certificate rate on 2-Year Certificates increase. Payroll deduct as little as $5 per pay period. Pays the same as any 2-Year Certificate. No set-up or annual fee.

  • 6-Month, 1, 2, 3 and 5-Year IRA Certificates
    • At Greater Kentucky, the possibilities to grow your IRA are endless. 6-Month, 1, 2, 3 and 5-Year IRA Certificates require a minimum of $1,000 to open.

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Please see our Truth in Savings Disclosure and Fee Schedule for details.

 

   
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