Individual Retirement Accounts (IRAs)

Self-Help offers three types of IRAs that allow you to plan for your retirement or your child’s education while supporting community development.

Traditional IRAs (contributions may be tax deductible, and taxes on earnings are deferred until retirement)

Roth IRA (contributions are not tax deductible, but earnings accumulate tax-free and remain tax-free upon distribution)

Coverdell Education Savings Account (contributions are not tax deductible, but earnings are tax-free and remain tax-free upon distribution to beneficiary who uses it for authorized education expenses)

You can open a Self-Help IRA share account with as little as $25, and earn the same rate of return as a 12 month term certificate (CD).  Or for $500 minimum, you can open an IRA term certificate (CD) account at 12, 24, 36, 48, or 60 months, earning the same interest rate as our standard CDs.  You can also transfer or rollover your IRA from another institution to Self-Help at any time.

To open a Self-Help IRA account, fill out our application, which you can print from our website.  In addition, you must fill out other IRA forms, which we will supply.  Contact our deposit-servicing department at 1-800-966-SELF for forms and additional information.   We require that all necessary forms be completed before we open an IRA account.