RETIREMENT

Why Invest Here?

WE ARE FEDERALLY INSURED

Our retirement deposit accounts are federally insured. Why is this important? Because that means the National Credit Union Administration (NCUA) protects your funds from being wholly adversely affected by downturns in the stock market.

THERE ARE NO FEES

We have no setup fee, no maintenance fee and no ongoing monthly fees. Your retirement savings should be a nest egg for your future. All fees do is eat up your earnings, so we don't charge them. Your savings are all yours.

PAYROLL DEDUCTION OPTIONS

It’s important to keep budgeting simple. That’s why we give you the option of investing in IRA Shares, a savings account funded by payroll deductions that you designate yourself.

YOU CAN EARN INTEREST

There’s nothing like saving away a little extra retirement funding just for investing! Your Levo IRA account can also earn compounding interest—it’s one of the many benefits of being a credit union member.

WHICH IRA IS FOR YOU?

Your first decision is to choose which type of IRA you want to invest in. Our staff can give you specific guidance on each type, but here are the basics:

Traditional IRA

Deduct your contributions from your income through before-tax contributions. You can put more away and accumulate earnings more quickly. And once retirement comes, pay your taxes as you withdraw, as you would an ordinary income. Stop on in to open an account.

Roth IRA

Make after-tax contributions so that you can withdraw your savings come retirement time—tax-free! Since you’ve already paid taxes on these earnings up front, there’s no need to pay them again. Stop on in to open an account.

Individual Retirement Account Rates

You can earn dividends just by banking with Levo Credit Union. Here’s what you can expect currently:

*APY = Annual Percentage Yield. Rates and Annual Percentage Yields are subject to change without notice. A complete description of these accounts is available upon request, and will be provided at account opening.

*APY = Annual Percentage Yield. Rates and Annual Percentage Yields are subject to change without notice. A complete description of these accounts is available upon request, and will be provided at account opening.

**Limited time offer. Offer may be changed or discontinued at any time. The 13-month Promotional Share Certificate will automatically renew at maturity to a new 12-month share certificate rate.

Fees could reduce earnings on the account.  The account requires a minimum opening deposit based on term and APY and is listed above.  Early withdrawal(s) may be subject to either the Regulation D Penalty or the Early Withdrawal Fee.  Some exceptions may apply.  

The Regulation D Penalty is 7 days' simple interest and applies to:

• Withdrawals made within 7 days of account opening including the opening day.
• Withdrawals made during the grace period, when additional deposits are made during the grace period and the withdrawal exceeds the amount of the matured Share Certificate balance. 

Withdrawals made after the first 7 days of account opening are subject to the Early Withdrawal Fee below: 

• For terms less than three months (or less than 90 days), the fee is one month's interest.
• For terms three months (or 90 days) through 12 months (or 365 days), the fee is three months' interest.
• For terms over 12 months through 24 months, the fee is six months' interest.
• For terms over 24 months, the fee is 12 months' interest.  

Share Certificate Rates Effective: 08/07/23