IRA Accounts
Save for what matters
Both Roth and Traditional IRAs available.
Get in touch to get enrolled.
How IRAs work
IRAs (Individual Retirement Accounts) allow you to save money at a tax-advantage. They are an essential part of many retirement portfolios, and a popular choice among SIU Credit Union members. A Traditional IRA lets your earnings grow tax-deferred. You pay taxes on your investment gains only when you make withdrawals in retirement. For a Roth IRA, there’s no initial tax benefit. However, your money and your investment earnings grow tax-free, meaning there’s no income tax on Roth IRA withdrawals in retirement. If you’d like additional help picking out the right IRA and deciding how much to contribute, see our FAQs below or reach out to us directly.
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Grow money tax-deferred and maximize your earnings
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Choose the account that’s right for you:
Traditional or Roth -
Gain help and guidance along the way from our investment experts
Rates Up to
Choose the Terms You Want
By choosing a longer maturity date, you can secure a higher rate. The minimum balance to earn dividends is $1,000.
Talk to One of Our Experienced Representatives
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*MAGI-Modified Adjusted Gross Income.
**Lifetime limit for exemption on first-time home purchase is $10,000
This information is not intended as tax advice. Please seek a qualified tax professional regarding your individual circumstances.
Assumptions
Retirement age
Calculation assumes that the year you retire, you don't make contributions. If you retire at 67, the calculation assumes your last contribution is at 66.
Inflation
Calculation assumes a 2.9% rate of inflation. This is a common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2018 the CPI has a long-term average of 2.9% annually.
Social Security
Social Security benefits are not considered for this calculation. Social Security is based on a sliding scale depending on your income, how long you work and at what age you retire.
Pensions
Pensions are not considered for this calculation.
Rate of return
Interest compounds monthly. The interest rate specified in calculator is used to calculate your return on savings and investments during and after retirement.
Disclosure
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Rates
Individual Retirement Account Rates
| Type | Account | *Dividend Rate | **APY | Min. Bal. to Earn Dividends |
|---|---|---|---|---|
|
1072 |
12 - 17 Months |
|
|
$1,000.00 |
|
2030 |
15 Month Special |
|
|
$1,000.00 |
|
1073 |
18 - 23 Months |
|
|
$1,000.00 |
|
1074 |
24 - 29 Months |
|
|
$1,000.00 |
|
1075 |
30 - 47 Months |
|
|
$1,000.00 |
|
1076 |
48 - 59 Months |
|
|
$1,000.00 |
|
1077 |
60 Months |
|
|
$1,000.00 |
Rates effective as of: January 17, 2025
**Annual Percentage Yield (APY)
*Membership Share dividends are declared monthly by the Board of Directors.
Members can take advantage of our Loyalty Bundle and qualify for an additional rate bump (up to .15%) when they use our SIUCU Credit Card or Checking account. Rates discounts not reflected above.
| Type | Account | *Dividend Rate | **APY | Min. Bal. to Earn Dividends |
|---|---|---|---|---|
|
1072 |
12 - 17 Months |
|
|
$50,000.00 |
|
2030 |
15 Month Special |
|
|
$50,000.00 |
|
1073 |
18 - 23 Months |
|
|
$50,000.00 |
|
1074 |
24 - 29 Months |
|
|
$50,000.00 |
|
1075 |
30 - 47 Months |
|
|
$50,000.00 |
|
1076 |
48 - 59 Months |
|
|
$50,000.00 |
|
1077 |
60 Months |
|
|
$50,000.00 |
Rates effective as of: January 17, 2025
**Annual Percentage Yield (APY)
*Membership Share dividends are declared monthly by the Board of Directors.
Members can take advantage of our Loyalty Bundle and qualify for an additional rate bump (up to .15%) when they use our SIUCU Credit Card or Checking account. Rates discounts not reflected above.
| Type | Account | *Dividend Rate | **APY | Min. Bal. to Earn Dividends |
|---|---|---|---|---|
|
1082 |
12 - 17 Months |
|
|
$1,000.00 |
|
2040 |
15 Month Special |
|
|
$1,000.00 |
|
1083 |
18 - 23 Months |
|
|
$1,000.00 |
|
1084 |
24 - 29 Months |
|
|
$1,000.00 |
|
1085 |
30 - 47 Months |
|
|
$1,000.00 |
|
1086 |
48 - 59 Months |
|
|
$1,000.00 |
|
1087 |
60 Months |
|
|
$1,000.00 |
Rates effective as of: January 17, 2025
**Annual Percentage Yield (APY)
*Membership Share dividends are declared monthly by the Board of Directors.
Members can take advantage of our Loyalty Bundle and qualify for an additional rate bump (up to .15%) when they use our SIUCU Credit Card or Checking account. Rates discounts not reflected above.
| Type | Account | *Dividend Rate | **APY | Min. Bal. to Earn Dividends |
|---|---|---|---|---|
|
1082 |
12 - 17 Months |
|
|
$50,000.00 |
|
2040 |
15 Month Special |
|
|
$50,000.00 |
|
1083 |
18 - 23 Months |
|
|
$50,000.00 |
|
1084 |
24 - 29 Months |
|
|
$50,000.00 |
|
1085 |
30 - 47 Months |
|
|
$50,000.00 |
|
1086 |
48 - 59 Months |
|
|
$50,000.00 |
|
1087 |
60 Months |
|
|
$50,000.00 |
Rates effective as of: January 17, 2025
**Annual Percentage Yield (APY)
*Membership Share dividends are declared monthly by the Board of Directors.
Members can take advantage of our Loyalty Bundle and qualify for an additional rate bump (up to .15%) when they use our SIUCU Credit Card or Checking account. Rates discounts not reflected above.
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Rates effective as of: January 17, 2025
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Open Account
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Business Free Checking
This account is perfect for startups, home offices, and businesses with smaller transactions and balances.
Here are some of the best features:
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No monthly service fee
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No minimum balance
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Only $25 to Open
How to Make a Transfer
Bailey Bobcat Rates
Bailey Bobcat Savings
• Only $5 to Open
• No Minimum Balance
• Up to 0.50% APY1
• Dividends Paid Monthly2
• One Free Withdrawal per Month
$5 for Each Additional
1 Annual Percentage Yield (APY)
2 Membership Share dividends are declared monthly by the Board of Directors.
Jr. Executive
What do you need to open?
- $5
- Date of Birth
- Current Address
- Social Security Card
- If under 18, a Parent/Guardian
If Parent/Guardian is not an existing member, they will need to bring:
- $5
- Date of Birth
- Current Address
- Social Security Card
- Driver’s License / State Issued Photo ID
Smart Young Investors
What do you need to open?
- $5
- Date of Birth
- Current Address
- Social Security Card
- If under 18, a Parent/Guardian
If Parent/Guardian is not an existing member, they will need to bring:
- $5
- Date of Birth
- Current Address
- Social Security Card
- Driver’s License / State Issued Photo ID
Bailey Bobcat
What do you need to open?
- $5
- Date of Birth
- Current Address
- Social Security Card
- If under 18, a Parent/Guardian
If Parent/Guardian is not an existing member, they will need to bring:
- $5
- Date of Birth
- Current Address
- Social Security Card
- Driver’s License / State Issued Photo ID
Jr. Executive Rates
Bailey Bobcat Rates
Smart Young Investors Rates
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