IRA and ESA Accounts
Save for retirement or educational needs
Cedar Point Federal Credit Union® offers two distinct products to help members meet their retirement savings goals, or to enjoy tax-free growth on investments used for qualifying educational expenses.
An Individual Retirement Account (IRA) is an excellent tool for retirement savings. Depending on the type of IRA you choose, contributions may be tax-deductible and will grow either tax-deferred or tax-free. Cedar Point offers both traditional IRAs and Roth IRAs.
A Coverdell Education Savings Account (ESA)*, formerly referred to as an Education IRA, is a great way for parents, grandparents and others to help meet the rising costs of a student's education. Income limitations apply. Consult your tax advisor for more information on how IRAs can affect your taxes.
Please visit a branch location near you and see a member service representative for more information.
Rates information is accurate as of June 1, 2025.
| Account Type | Annual Percentage Yield (APY) | Dividend Rate | Minimum Balance to Earn APY |
|---|---|---|---|
| IRA or ESA Share under $500.00 | 0.050% | 0.050% | $100.00 |
| IRA or ESA Share over $500.00 | 1.000% | 1.000% | $500.00 |
| Please see our Savings Rate and Fee Schedule for details. | |||
