|
|
|
|
|
Effective as of 09/20/2011
Cooperative Teachers Credit Union offers three IRAs to choose from:
|
Traditional IRA |
Roth IRA |
Coverdell ESA (Educational) |
|
Allowed to contribute $5,000 per year. |
Allowed to contribute $5,000 per year. |
Allowed to contribute $2,000 |
|
If over 50 years of age, your limits increase |
If over 50 years of age, your limits increase |
per child each year. |
|
to $6,000. Cannot exceed compensation. |
to $6,000. Cannot exceed compensation. |
Limit applies to all Coverdell |
|
Reduces contributions that can be made |
Reduces contributions that can be made |
Education Savings Accounts |
|
to Roth IRAs. |
to Traditional IRAs. |
(ESA) for same child. |
|
1.12% APY** |
|
**Annual Percentage Yield |
|
*1.10% Dividend Rate |
If you have any questions, please call us at 903-561-2603 or 1-877-662-2828.
| *Rates could change at any time. |
| *Minimum deposit of $20.00 is required to open an IRA. |
| *Dividends are compounded quarterly. |
| *Minimum balance of $100.00 is required to earn dividends. |
