SIGN IN Thanksgiving Day holiday hours. Learn more. Home Checking, Savings & Investments Individual Retirement Accounts (IRA) GECU INDIVIDUAL RETIREMENT ACCOUNTS (IRA)* GECU has many products to help get you on the path to a brighter financial future. No matter what stage of life you're in, we have the perfect Individual Retirement Account (IRA) for you. We can help you decide which retirement plan is best for your financial situation to get you closer to your financial goals. INDIVIDUAL RETIREMENT ACCOUNTS Share IRA $20 minimum opening balance Paid quarterly on the last business day of the quarterly statement periods of March, June, September and December IRA CD $50–$2,500 minimum opening balance 3- to 60-month terms Short-term IRA CD paid at maturity Long-term IRA CD compounded monthly or annually Traditional IRA1 Control of contributions and investments Possible tax deductions Possible tax credits2 Accessibility of IRA assets Tax break now Roth IRA1 Control of contributions and investments Possible tax credits2 No required minimum distribution Tax break at retirement — pay taxes now Coverdell Education Savings Account After-tax contributions for children until 18 years of age Earnings are tax-free if used to pay for eligible education expenses Reach out to the Special Services Department at 915.774.6879 for more information. Individual Retirement Accounts (IRAs) Minimum Opening Balance Interest Payment Period Share IRA $20 Paid quarterly on the last business day of the quarterly statement periods of March, June, September and December. IRA CD $50 to $2,500 Terms of 3 months to 60 months available. Interest on Short Term IRA CDs is paid at maturity. Interest on Long Term IRA CDs is compounded monthly or annually. Retirement Center™ Check out these practical ideas and tools to help you achieve a financially secure retirement. Retirement Center Life Stages FAQs Planning Tools Products and Services Open an IRA Manage my account Retirement Calculator Find out how much you'll need to save each year to reach your retirement goal. Retirement Calculator *To open one of these options, you will need to make an appointment with the Special Services Department. (1)Withdrawals before you’re 59½ may result in a tax penalty and interest penalty, except in the case of education IRAs. Consult your tax advisor for details. (2)Contribution limits vary and depend on your individual income level. Quick Answers Will I be able to transfer or roll-over funds from my IRA at another financial institution without a tax penalty? What are the IRA contribution limits for 2019 tax year? Where can I open an IRA at GECU? Current Rates 12-mo. CD up to 0.25% APY* 36-mo. CD up to 0.70% APY* Money Market up to 0.50% APY* Jumbo Bump-up IRA CD up to 0.95% Full Disclosure of Rates and Terms *APY= Annual Percentage Yield Complaint Notice About GECU Contact Us Locations & Hours Careers Privacy Notice Third Party Disclosure Español Annual Report Site Map Federally insured by NCUA. Security Assurance © 2021 GECU. All rights reserved. GECU uses third party vendor sites to enhance your ability to use online financial tools. When you leave GECU's website, the links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.