We’ll help you reach your long-term savings goals
Whether you want to save for retirement or earn a guaranteed return on your investment, SLB Employees Credit Union has options to help you meet your objectives.
Individual Retirement Accounts (IRAs)
SECU offers two Individual Retirement Account (IRA) products with distinct tax advantages to help you build savings. With a Traditional IRA, you defer paying taxes on your savings until you begin taking distributions. If you open a Roth IRA, you’ll pay taxes only on the funds you invest, then make tax-free withdrawals later.
No matter which IRA option you choose, you’ll pay no initial or monthly fees.
Certificate of Deposit (CD)
If you need to earn a guaranteed return at a higher interest rate than with a savings account, a Certificate of Deposit (CD) may be a great choice. A CD is a NCUA-insured, longer-term investment account that earns a fixed rate of interest (or dividend) for a certain time period. SECU members can open a 6, 12, 18 or 36-month CD that renews automatically at the current rate. CD accounts require a minimum deposit of $1,000.00.
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