What is an Accumulative IRA?
An Accumulative IRA is perfect if you'd rather deposit small amounts of money into your IRA account at periodic intervals instead of waiting for the maturity of an IRA certificate.
- May be opened with a $5 minimum. Account will require $100 or more to start earning dividends.
- May apply as a Traditional IRA, or Roth IRA, depending on your needs.
- View current IRA certificate rates
- View current IRA savings rates
Traditional IRA and Roth IRA accounts are insured separately up to $250,000 from other accounts that are maintained in Meriwest Credit Union. View NCUA's Your Insured Funds brochure for detailed share insurance information.
To open an IRA account or get more information, call (877) 637-4937 or visit one of our Meriwest Financial Centers.
You can discover more options by calling a Meriwest Wealth Advisor directly at 408-866-1002.
Please consult your tax advisor regarding your individual situation.
Join Our Family!
Membership is required for Meriwest products and services. You are eligible to join Meriwest Credit Union if any of the following applies:
- You live, work, worship, or attend school in Alameda, Contra Costa, San Francisco, San Mateo and Santa Clara counties of Northern California, and Pima county of Arizona.
- You are an employee of a participating Meriwest Credit Union member company.
- You are a relative of or reside with a current member of Meriwest Credit Union.
- If you don’t meet any of the requirements above but live in California or Arizona, you can still join Meriwest with a complimentary membership in the Financial Fitness Association. Call 1-877-637-4937 to learn more.
People Usually Ask:
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What kinds of savings account do you have?
We offer many savings account options. Choose an option below to explore the accounts in each category:
- You Name It Savings
- Retirement Accounts
- Money Market Accounts
- Certificate Accounts
- Business Savings Accounts
- New Member Premier Savings Promotion: a great account with the kind of yield that usually requires large sums of money committed for several years. Available only to new members during the first thirty (30) days from the date of opening a membership account.
Check out our current Savings Rates.
Unlock the benefits of banking with Meriwest Credit Union
Learn more about our Member Benefits or fill out our Online Membership Application to join us today.
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What are the current certificate rates?
Visit our Rates page for the current certificate rate and term information.
Earn more for your money with a Certificate Account
If you're looking for an insured product with a guaranteed higher annual dividend rate and you can keep your funds in an account for a longer-term, certificate accounts at Meriwest are the right solutions for you.
Visit our Certificate Accounts page to learn more or apply today.
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What are the penalties for early Certificate (CD) withdrawals?
The penalty imposed on an early withdrawal from a certificate will be equal to a percentage of the amount of the principal balance that is withdrawn. The percentage is calculated by dividing the number of days remaining in the then-current term at the time of the withdrawal by 365.
Please note that early withdrawal penalties may exceed the amount of dividends earned and further reduce the principal balance. In regards to tax penalties, we ask that you please contact your tax advisor for assistance.
Penalties and fees may differ per product or promotion. Please Contact Meriwest for an exact amount.
Need access to funds? Consider a personal line of credit.
The ValueChoice Credit Line Option allows you to use the credit you need, pay it back in low monthly installments and use it again. Access to funds is easy - write a ValueChoice check, get cash from a Meriwest ATM, or take a cash advance with Meriwest Online or over the phone. -
What is an IRA?
An IRA is an independent retirement account that helps you save for retirement with tax advantages. To help you reach your financial goals by the time you're ready to retire, Meriwest offers a wide range of insured options for your retirement investing including Traditional, Roth, and Accumulative IRAs.
View our IRA pages.