Save Today for a Better Tomorrow

Earn up to 4.00% APY* Today!

An individual retirement account (IRA) is a tax-advantaged investment account designed to help you save toward retirement. IRAs are one of the most effective ways to save and invest for the future. ECCU offers options to fit your investment goals, whether you have a retirement plan from a current or former employer, or if you're self-funding your retirement savings. IRAs are insured by NCUA and can be the perfect account to balance out your investment portfolio.

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Traditional IRA

Investments are pre-tax income, allowing you tax-deferred growth
A great option if you expect to be at a lower tax rate when you will make withdrawals
Contribute at any age
You can choose between an IRA Savings or IRA CD Account
Distributions in retirement are taxed as ordinary income
If you make withdrawals before you are 59½, you might have to pay taxes on your earnings, plus an additional 10% penalty
Annual contribution limits allow up to $6500 for those under 50, and up to $7500 for those 50 and older
Distributions must start around the time you turn 73

Roth IRA

Contributions are made via after-tax income, allowing contributions to grow tax-free, and remain tax-free when withdrawn
Contribute at any age
You can choose between an IRA Savings or IRA CD Account
Contributions may be withdrawn at any time without taxes, but earnings may have penalties if you want to withdraw before age 59½
People over 59½ who have had their Roth IRA for at least five years can withdraw contributions and earnings with no tax or penalties
Annual contribution limits allow up to $6500 for those under 50, and up to $7500 for those 50 and older
There are no required minimum distributions during your lifetime

IRA Savings Rates

IRA Products	APY*	Minimum Balance to Open	Minimum Balance to Obtain APY
Roth IRA	3.00 %	$5	$100
Traditional IRA	3.00 %	$5	$100

IRA Certificate Account Rates

IRA Certificate Products	APY*	Minimum Balance to Open
12 Month	4.00 %	$500
24 Month	3.50 %	$500
36 Month	3.25 %	$500
48 Month	3.25 %	$500
60 Month	3.00 %	$500

*APY= Annual Percentage Yield. Effective 12/1/2024. Rates are subject to change without notice. View all rates.

Open Your IRA at Energy Capital Credit Union Today

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Not sure which IRA is the best fit for you?

We can help you pick which IRA is right for you. Fill out the form below to schedule an appointment.

Get in touch.

Phone: (832) 604-4848

Email: MRC@eccu.net

Mail: 18540 Northwest Fwy, Houston TX 77065

Fax: (832) 604-2153

Checking Accounts: *APY=Annual Percentage Yield. Credit union rules and regulation apply. Other fees such as non-sufficient funds, overdraft, continuous overdraft fees, etc. may apply. See the Fee Schedule for more details. Free gift may be reported on a 1099-INT or 1099-MISC. Free gift is provided at time of account opening. We reserve the right to substitute a gift of similar value.

Rate Information: For dividend bearing accounts, the dividend rate and APY may change every dividend period based on the determination of the Credit Union Board of Directors. Hi-Yield Money Market Accounts are subject to a tiered rate. Your account will earn dividends according to the average daily balance in your account related to the table above.

Minimum Balance Requirements: The minimum balance requirements applicable to each account are stated above. For savings accounts, the minimum balance is included in all reports listing balance information, but is not included in the "available balance." If the minimum daily balance is not met each day of the dividend period, you will not earn the stated Annual Percentage Yield.

Minimum Balance to Avoid Fees: If the minimum daily balance shown above is not met during each day of the dividend period, you will be charged a service fee as stated in the Fee Schedule.

Nature of Dividends: Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Compounding and Crediting: The dividend period is monthly from the 1st day of each month to the last day of each month and dividends will be calculated on your Average Daily Balance for each day on which your balance equals or exceeds the required minimum balance.

Balance Computation Method: For dividend bearing accounts, dividends are calculated by the Average Daily Balance method which applies a daily periodic rate to the principal in your account each month.

Accrual on Dividends: Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. For dividend bearing accounts, dividends will begin to accrue on the business day that you deposit non-cash items (e.g. checks) into your account. If you close your account before accrued dividends are credited, you will not receive the accrued dividends.

Fees for Overdrawing Accounts: Fees may be imposed on each check, draft, item, ATM Card withdrawal, debit card point of sale, pre-authorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance.

The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft or item. You may consult the Funds Availability Policy for information regarding the availability of funds in your account. A fee of $30 for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. If a member account goes negative, they have 60 days to repay to return the account to a positive balance.

Please refer to the Fee Schedule for current fee information.

Fee and Charges: Fees could reduce the earnings on an account.

Free Mobile Banking: Data rates may apply.

High-Yield Checking: The highest dividend rate only applies to balances up to $20,000. In order to receive the highest dividend rate each month the following actions must be met on a monthly basis: 12 debit card transactions per month, and have an active direct deposit. If the actions are not met the dividend rate for the month will be 0.25%, regardless of the balance.