The IRA (Individual Retirement Account) is a savings account designed to help individuals prepare for retirement on their own, even if they already have a traditional pension or 401k. ESCU offers Traditional IRAs and Roth IRAS. Deposits to your IRA may qualify as deductible income. Consult your tax advisor for details to determine if this applies to you. There is a minimum balance of $100 required to open an IRA at ESCU. The credit union also allows members to invest IRA funds into IRA Share Certificates to allow them to take advantage of higher dividend rates. Click here to see ESCU’s current dividend rates. Click here to see ESCU’s current fee schedule.