IRAs
Enjoy the fruits of your labor with a guaranteed return on your investment.
Make your Savings Last Longer
It’s never too early to save for retirement. An Individual Retirement Account (IRA) can help you reach your goal with a guaranteed rate, plus, you’ll get to take advantage of tax benefits. Choose from multiple options, including Traditional, Roth, Simplified Employee Pension and Coverdell ESA.
IRA Accumulation Account
See why you should open an accumulation account:
Make deposits at any time with payroll deduction or direct deposit.
Open with as little as $50 to get started.
Traditional, Roth, Simplified Employee Pension and Coverdell ESA available.
There is no risk of losing your principal balance.
Traditional vs. Roth
One of the biggest differences between a Traditional and Roth IRA are how and when you receive tax benefits.
The benefit of a Traditional IRA is your contribution is tax deductible. You want all the deductions you can get right? Instead of paying the taxes now, your taxes are due in retirement when you take distributions or make withdrawals from your IRA.
A Roth IRA is the reverse of a Traditional IRA meaning you pay taxes upfront and the contributions are not tax deductible. The benefit of a Roth IRA is that your withdrawals in retirement are not taxed because you've already paid the taxes.
Open with as little as $500
Flexible terms range from 12 to 60 months
There is no risk of losing your principal balance
Contact us to get started today. Whether you want to open an IRA certificate or accumulation account, we’re Happy to Help!
Okie Life
Check out our latest Okie Life blog articles to learn more about how you can do more with your money
Happy to Help
OKCU is not responsible for the tax implications of this account. Consult with a tax advisor prior to opening the account regarding the deductibility of contributions and qualifying purchases.
Scheduled close-outs are permitted. Certificates will automatically renew for another term at maturity. After the certificate matures, you have a 7 day grace period to make a deposit or withdraw the funds. A penalty may be imposed if you withdraw the funds before the maturity date.
Early withdrawal penalties
- 6 - 12 month certificates - dividends earned or would be earned, up to 90 days
- 13 - 60 month certificates - dividends earned or would be earned, up to 180 days
- See the Rate & Fee Schedule for early withdrawal exceptions
