SEP IRA

Flexible retirement savings for changing business needs.

SEP IRAs at Coastal offer variable or fixed rate investment options and current tax benefits

Here’s how a SEP IRA could help you bank better:

  • If your business has employees, a SEP offers flexibility in making tax-deductible contributions for their retirement as well
  • Flexibility to make large contributions in great years and smaller contributions in leaner years
  • Contributions could be tax-deductible if you qualify, meaning they can potentially lower your taxable income and tax bill in the year they are made
  • Contribute between 1 and 25% of net income up to $56,0001
  • Your savings also grow tax-deferred until retirement
  • Distributions must begin at age 70½
  • When you reach age 59½ withdrawals from the account are not taxed as long as your account has been opened for at least 5 years

COMPARE OUR IRA PRODUCTS

Earn up to 2.25% with our high yield IRA

High Yield IRA Savings

  • Useful if you don’t like being locked into a term deposit
  • Earn an impressive 2.00% APY2 on your Retirement savings and enjoy an extra .25% if you have a direct deposit of $500 or more into a Coastal Checking account
  • To open your High Yield IRA Savings account, fill and print out our forms and bring them in to a branch
IRA Certificates up to 3.00%APY

IRA Certificates

  • Guaranteed return with little commitment
  • Choose one or more of our high rate certificates with terms ranging from 7 days to 5 years
  • To open your IRA Certificate account, fill and print out our forms and bring them in to a branch
Image of our retirement module

Want to learn more about additional investment options?

1. Please consult a tax advisor for contribution eligibility

2. APY - Annual Percentage Yield. High Yield IRA Savings requires $100 minimum to open. For more details, see the Truth-In-Savings Disclosure and Rate Table. Fees may reduce earnings on account. Rates subject to change without notice after account opening. Penalty for early withdrawal. APY is accurate as of the last dividend declaration date.

3. Certificate requires $250 minimum to open and will automatically renew at the end of the term.2.35% APY is based off of a 60 month certificate. Fees may reduce earnings on account. Rates subject to change without notice. Penalty for early withdrawal. APY is accurate as of 12/01/2019.

>4. Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Coastal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

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