An excellent tool for retirement savings. Unlike most investments, depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax-deferred or tax-free. A Coverdell Education Savings Account (ESA) (formerly Education IRA) is a great way for parents, grandparents, and others to help meet the rising costs of a students education. Learn more about IRAs
IRAs give you the following benefits:
• Guaranteed interest. Unlike other retirement options (such as a 401Ks) IRAs are not subject to market fluctuations.
• Competitive interest rates, that are credited to your account each quarter.
• No annual fees or custodian fees
• Minimum opening balance $20
• Quarterly statements
• Separately insured up to $250,000.00 by the National Credit Union Administration.