IRAs

Fill your retirement years with golden moments. And enjoy tax advantages in this savings account, too.

Build a future you can get excited about.

Whether retirement is around the corner or way down the road, it's a smart move to identify the best IRA for your needs and begin making steady contributions.

Plan for the future with long-term savings tools that offer steady earnings

Choose Traditional or Roth IRA and begin building your retirement nest egg

Move funds from other retirement accounts to a Conduit IRA and avoid tax penalties

Save for education costs with a Coverdell account that offers tax benefits similar to IRAs

Free time and fewer worries. Opportunities to explore new activities and enjoy friends and family. That's what you want out of retirement. An American Eagle IRA with steady earnings and tax advantages can help provide the financial resources you need to spend this special time exactly as you wish. Find the best product fit for your finances and visit a branch to open an account.

Traditional and Roth IRAs

  • Choose from a variety of savings options and investment tools
  • With Traditional IRAs, you may be eligible for a tax deduction each year you make a contribution
  • With Roth IRAs, all qualified withdrawals are tax-free
  • With both Traditional and Roth IRAs, all annual interest and dividend earnings are tax-exempt
  • Begin making penalty-free withdrawals at age 59 ½
  • Early withdrawals can be made to buy your first home or for a child's higher education expenses (A Roth IRA must be open for at least five years before this type of withdrawal can occur)
  • Consult your financial advisor for other key information about Traditional and Roth IRAs

Conduit IRAs

  • Often called Rollover IRAs, these accounts are for funds moved from employer-based savings plans, such as 401(k)s
  • By moving such funds directly into our Conduit IRA, you can avoid tax penalties associated with early withdrawal
  • Funds may be placed in a wide variety of savings options and investment tools
  • Contact an American Eagle representative for assistance in transferring your funds


Coverdell Education Savings Accounts

  • Often called Education IRAs because they share many of the same tax advantages of retirement accounts
  • Contribute up to $2,000 per year per student
  • Funds may be used for private primary or secondary education costs or to cover college expenses
  • Money may be used for tuition, room and board, fees, and academic supplies and equipment, such as laptop computers
  • Any family members – parents, grandparents, aunts, uncles, etc. – may contribute to a student's IRA
  • Though contributions are not tax deductible, annual dividend and interest income is tax-exempt and all qualified withdrawals are tax-free

Frequently Asked Questions

Answer

Please see full list here.

Answer

Yes.  Send us a secure message on Digital Banking, call us, or stop by a branch to complete the request.

Answer

Please see full list here.

Answer

Yes.  Send us a secure message on Digital Banking, call us, or stop by a branch to complete the request.

Make the most out of your retirement savings and spending

American Eagle Financial Credit Union offers a variety of savings accounts for our members in Connecticut and Hampden County, Massachusetts. Contact us or visit a branch today.

Start planning for the retirement you want to enjoy

I had a wonderful experience opening my savings account. Customer service was excellent, all my questions were answer and I felt easy through the process.
Johanna N.
My most recent experience with American Eagle was fantastic! The manager was so helpful in explaining options and helping me. It's nice to be able to speak to someone immediately, unlike other banks. You have a long time member here!
Lexi M.
View All Testimonials

Everything You Need, All in One Place

Make an Appointment
Calculators
Financial Education
Investment Services
Interest Checking

Your Daily Banking, Now Paying Dividends