IRA & CDs
Save with confidence & plan for tomorrow today.
Whether you’re building long-term retirement savings or looking for a guaranteed-rate option, Superior Credit Union offers flexible IRA choices and Share Certificates (CDs) with a range of terms.
Individual Retirement Accounts (IRAs)
- Roth IRA: Earnings may be withdrawn tax-free if held at least 5 years and you’re 59½+; contributions can be withdrawn tax-free at any time.
- Traditional IRA: Taxes on earnings (and potentially deductible contributions) are deferred until withdrawal.
- Coverdell (Educational) IRA: Save up to $2,000 per child annually; tax/penalty-free withdrawals for qualified education expenses.
- Contributions can be made up to the maximum limit or your earned income (whichever is less).
Share Certificates (CDs)
- Terms range from 6 months up to 5 years.
- Minimum deposit:$500 for standard CDs.
- Term options: 6, 12, 24, 36, and 60 months.
- Dividends: Paid quarterly; calculated on an average daily balance (minimum average balance requirement applies).
- View current rates on our Rates page.
Youth CD
- A Youth CD helps your youth save for the future and uses the same rates as the Share Certificate rates.
- Available in 60-month terms, with the ability to make additional deposits in $100 increments at any time.
- Youth CD minimum deposit details are described on the CD page (youth CD section).
- Early withdrawal penalties apply to CDs (varies by term length).