Schedule An Appointment Routing/Wire Transfer Blog Locations & ATMs Contact Us Search: Submit DEPOSITS LOANS SERVICES ABOUT ACU LOG IN Individual Retirement Accounts (IRA) Roth IRA Traditional IRA Coverdell Education Savings Account To open your IRA today, please call 972-494-5328 or 1-800-543-2811. CONTACT US Great IRA options for savings and retirement. America's Credit Union can provide you with Individual Retirement Account (IRA) options to meet your savings and retirement needs. The sooner you start saving and the more you contribute, the better your financial future will become. ACU offers Traditional IRAs as a Certificate of Deposit (CD) and as a Share Savings Account. Roth IRA accounts and Coverdell College Savings Accounts are also available. All of the ACU IRA accounts pay interest on the funds kept on deposit and are federally insured. Saving for retirement with ACU is one of the most secure, and least risky ways to build your retirement nest egg and/or paying for college. Individual Retirement Account (IRA) Options: Roth IRA Roth IRA contributions are allowed at any age as long as the IRA owner has earned income and meets the required Modified Adjusted Gross Income level (visit the IRS.gov website for more information). Since a Roth IRA is after-tax money, the principal can be withdrawn without a penalty. If dividends remain for 5 years, they become tax-free when withdrawn for qualified reasons such as reaching age 59 1/2, buying a first home, or becoming disabled. All Roth IRA contributions are nondeductible. There is a maximum contribution limit per year for individuals and for married couples. If you are over the age of 50 you may be eligible to contribute even more. We recommend you speak to a licensed tax professional to determine your max contribution levels. Traditional IRA You can contribute to a Traditional IRA if you have earned income and if you have not reached age 70 1/2 by the end of the year. Traditional IRAs offer tax-deferred earnings and the possibility for tax-deductible contributions. (Consult your tax advisor for complete details). Coverdell Education Savings Account ACU also offers long-term savings accounts meant to help families plan for large future educational expenses. Coverdell Education Savings Accounts (ESA) are a trust or custodial account designed to help families pay for education expenses. A Coverdell ESA offers tax-free earnings growth and tax-free withdrawals when the funds are spent on qualified educational expenses. Coverdells aren't just for college – you can also use your savings to pay for K-12 expenses, and these accounts can offer more investment options and lower fees than 529 plans. Use this application to apply for a Coverdell ESA today. Retirement Calculator Use our Retirement Calculator to better determine how much you will need to save each month to fund your retirement. IRA Certificate of Deposit Rates CERTIFICATE OF DEPOSIT DIVIDEND RATE* ANNUAL PERCENTAGE YIELD (APY)* 12 Month IRA Certificate 0.200% 0.20% 18 Month IRA Certificate 0.200% 0.20% 24 Month IRA Certificate 0.300% 0.30% 3 Year IRA Certificate 0.300% 0.30% 4 Year IRA Certificate 0.300% 0.30% 5 Year IRA Certificate 0.648% 0.65% Effective May 1, 2021 *Annual Percentage Yield (APY). Minimum deposit of $500 is required to open an IRA Term Share Certificate. An average daily balance of $500 is required to earn dividends. All rates are subject to change without notice. Other terms and rates available including ROTH IRA Term Share Certificates and Coverdell Certificates. Fees could reduce the earnings. Questions? Call 1-800-543-2811. Review ACU's Truth-In-Savings Disclosure. IRA Savings Account Rates ACCOUNT TYPE MINIMUM TO EARN DIVIDEND DIVIDEND RATE* ANNUAL PERCENTAGE YIELD (APY)* IRA Share Savings Account $25 - $4.999.99 0.050% 0.05% IRA Share Savings Account $5,000 - $9,999.99 0.050% 0.05% IRA Share Savings Account $10,000 to $24,999.99 0.050% 0.05% IRA Share Savings Account $25,000 - $49,999.99 0.050% 0.05% IRA Share Savings Account $50,000 and above 0.050% 0.05% Effective May 1, 2021 *Fees could reduce earnings. Minimum deposit of $25 is required to open an IRA Savings Account. An average daily balance of $25 is required to earn dividends. Questions? Call 1-800-543-2811. IRA Resources Budgeting Your Savings It’s essential that you have good budgeting habits to increase your savings. Whether you’re budgeting and saving for a one-time event like a wedding, saving for a major life change like having a baby, or getting better at managing daily spending and saving in general, this eBook will help! Full of budget templates and tips about creating a budget and tricks for sticking to it, this guide is essential for your future saving goals. With some organization and a good plan, you’ll be adding deposits to your Savings Account regularly. Free eBook First Name * Last Name * Email * The Impact of Taxes in Retirement A recent Nationwide Retirement Institute survey finds nearly two in five retirees (37 percent) admit they did not consider how taxes would affect their retirement income when planning for retirement. As a result, they may have lost the opportunity to save an additional six years' worth of income in retirement. The survey highlights a lack of understanding about The Impact of Taxes in Retirement. IRA Related Links Contact Us for an IRA Application Apply for an IRA Account and start building your nest egg today! Budgeting eBook Learn all about budgeting your savings with this fantastic eBook. It offers editable templates to budget for any occasion. Retirement Calculator Calculate your payments, how long your savings will last, which rate you need or which IRA is most suited for you. Taxes in Retirement [BLOG POST] The survey highlights a lack of understanding about the impact of taxes in retirement. ALL DEPOSITS ALL LOANS ALL SERVICES ABOUT ACU Routing #311982435 Disclosures ACU Blog Contact Us Locations & ATMs Dallas, TX Garland, TX Lancaster, TX Mesquite, TX Springfield, MO ACU NMLS ID #562279 Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency Privacy Policy Site Map America’s Credit Union will NOT ask you to update your information through an e-mailed link or a cell phone text message. Should you receive an e-mail or text message allegedly from America’s Credit Union requesting such an update, please contact us immediately. The ACU website features a number of links to entities associated with ACU and/or the credit union industry. By accessing any of these links, you will be leaving the ACU site and entering a site hosted by another party. For your protection, we encourage you to read the privacy and security policies of the sites you enter, as these policies may be different from those of ACU. America's Credit Union is committed to serving all persons within its field of membership, including those with disabilities. We strive to make not only our physical branches accessible but also to conform to WCAG 2.0 guidelines for website accessibility. Our efforts are ongoing including frequent testing and updates to improve accessibility. Should you have any problems accessing our branches or website, please call us at 972-494-5328 or 800-543-2811 so that we may promptly assist you and remedy any accessibility concerns. © America’s Credit Union 2021 All Rights Reserved.