• info@nbeecu.org
  • 973-375-9182

IRAs

Start your own investment account or rollover your existing retirement funds into a Newark Board of Education Employees Credit Union Individual Retirement Account. Contact our Member Service Department for details.

  • No Setup Fees
  • No monthly or annual maintenance fees
  • Annual Contribution limits apply
  • Addition $1000.00 “catch-up” contribution allowed for ages 50+
  • No Income limit to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59 ½
  • Early withdrawals subject to penalty *
  • Mandatory withdrawals at age 70½

*Consult your tax advisor
*Certain exceptions apply, such as healthcare, purchasing first home, etc…

Account

Rate

APY

Terms

IRA

0.20%

0.20%

No minimum balance