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Simplified Employee Pension (SEP) IRA
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  • For individuals who are self-employed or own a small business
  • Funded by employer contributions only
  • Earnings grow tax-deferred
  • Contributions may be tax-deferred5
  • Deposit funds into an IRA Certificate or Variable Rate IRA
  • Additional Details
  • Open this Account
  • Contribution limits for 2009
    • 25% of an employee's compensation, up to $49,000
    • Maximum considered compensation is $245,000
  • Distributions
    • After age 59½, you can withdraw your SEP IRA funds
    • Distributions may be subject to income tax
    • You must take distributions by April of the year following the year in which you reach 70½
    • Early withdrawal may be subject to a 10% penalty. Exceptions include disability, death and payment to beneficiaries, first-time home buyer expenses up to $10,000 and qualified high-education expenses.

To open a SEP IRA:
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*APY = annual percentage yield. Yields are subject to change at anytime.
+APR = annual percentage rate. Rates are subject to change at anytime.
†Rate quoted above is for a 30-year fixed conforming loan up to $417,000, on 7/09/2010. Mortgage Rates change daily and are subject to change at anytime, without notice. Actual interest rates and APRs may vary based on credit history, final loan amount and finance charges.

Yields and rates current as of 9/9/10. Members will earn the qualifying yield/rate at the time of account opening.
Refresh page to ensure you are viewing the current yields and rates.


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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 (NCUA), a U.S. government agency.
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We do business in accordance with the Federal Fair Housing Law and The Equal Credit Opportunity Act.

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