IRAs

 

Plan for a secure retirement with ABE Federal Credit Union Individual Retirement Accounts. Combine guaranteed returns, predictable growth, and NCUA-backed protection to confidently build your nest egg.

 

Benefits

• NCUA insured up to $250,000.

• Fixed, predictable rate of return.

• Minimum opening deposit is $500 ($100,000 for Jumbo Certificates).

• Maturities range from 3 months to 5 years.

• Monthly dividend crediting.

 

Special IRA Certificates

• 13-Month Add-On IRA – Add unlimited deposits of at least $500 throughout the 13-month term. Maturity date remains the same.

• 15-Month Bump-Up IRA – One-time option to increase your rate if a higher rate is offered on our 12-month IRA certificate. Maturity date remains the same.

 

Renewal

IRAs automatically renew at the current dividend rate unless you transfer funds to your Share Account.

 

Early Withdrawal Penalty

• Terms of one year or less incur a penalty of 90 days’ dividends.

• Terms over one year but less than five years incur a penalty of 120 days’ dividends.

• Terms of five years or more incur a penalty of 180 days’ dividends.