Transfer an IRA or roll over a 401(k) with a minimum balance of $10,000 to a new ALEC IRA Certificate and get a $100 bonus*.
Take advantage of rates as high as 3.25% APY** and move closer to your retirement goals.
Features of an ALEC IRA:
- Traditional, Roth and Educational IRAs available
- Lock in a competitive rate
- Terms from 12 to 60 months
- Dividends are paid monthly
- Dividends are automatically reinvested for maximum compounding
- No service charges (except for early withdrawals)
- Choose an IRA where earnings grow either tax-free or tax-deferred
- Contributions may be tax deductible***
Start planning for your future today.
*This offer is effective March 1 - April 15th, 2019 and can end or be modified at any time. Offer available to members who open an IRA Certificate and deposit a minimum of $10,000 in the new IRA account no later than April 15th, 2019. Limit one IRA $100 bonus per member. To qualify, member must transfer $10,000 or more from an existing IRA account or 401(k) currently with another institution. Once funds have been deposited to the IRA, ALEC will credit the bonus directly into the member's share savings in the form of a dividend on or before May 15th, 2019. Penalties apply for early withdrawals from the certificate, including any earned dividends. Taxes related to the IRA $100 bonus are the member's responsibility.
**APY = Annual Percentage Yield. Rates vary depending on the term selected. A penalty may be imposed on an early withdrawal. Early Withdrawal Penalties . If your account has an original maturity of between 12 months and 47 months: the penalty we may impose will equal 180 days dividends on the amount withdrawn subject to penalty. If your account has an original maturity of more than 48 months: the penalty we may impose will equal 270 days dividends on the amount withdrawn subject to penalty. Any closure within the early closure period triggers an additional penalty equal to the $100 IRA bonus. *** Consult your tax advisor. Not intended to be tax advice.