IRAs and HSAs
IRA Accounts
Benton County Schools CU is the place to save for retirement or education expenses!
We offer the following accounts:
Traditional IRAs
Roth IRAs
Coverdell Education Savings Accounts (formerly Education IRAs)
Choose from Savings Account or Certificates Investment options, whichever is best for you! Do you need more information about IRAs? Stop by to pick up a brochure or consult a tax advisor for more detailed information.
Benton County Schools CU cannot give tax advice.
Traditional, Roth, and Education IRAs are available in a Savings Account or Certificate Investment. All IRA Savings Accounts pay the same rate as Money Market and are compounded on a monthly basis. Minimum balance to open any IRA is $1.00.
*Regular Share required
IRA Rates
| Account Type | Interest Rate | APY* | Effective Date |
|---|---|---|---|
| IRA – Traditional, Roth, Education (Paid Monthly) < $30,000 |
1.150% | 1.156% | November 1, 2024 |
| IRA – Traditional, Roth, Education (Paid Monthly) < $50,000 |
1.150% | 1.156% | November 1, 2024 |
| IRA – Traditional, Roth, Education (Paid Monthly) < $70,000 |
1.200% | 1.207% | November 1, 2024 |
| IRA – Traditional, Roth, Education (Paid Monthly) < $90,000 |
1.250% | 1.257% | November 1, 2024 |
| IRA – Traditional, Roth, Education (Paid Monthly) $90,000 + |
1.250% | 1.257% | November 1, 2024 |
HSAs
If you have a High Deductible Health Plan you can open a Health Savings Account.
*Regular Share required
| Accounts | Dividend Rate | APY* | Min. Opening Balance |
Effective Date |
|---|---|---|---|---|
| Health Savings Accounts (Paid Monthly) |
0.700% | 0.702% | $0.01 | November 1, 2024 |
**APY = Annual Percentage Yield