IRAs & Investments

IRAs (Individual Retirement Account)

WEPCO offers two different types of IRA products.

Traditional IRAs

A Traditional IRA is a powerful tool for creating a balanced, long-term savings plan with tax-deferred earnings and the possibility of tax-deductible contributions.

Roth IRAs

While contributions to a Roth IRA are not tax-deductible, the money you contribute can be withdrawn tax-free at any time. Earnings can also be withdrawn tax-free, if you qualify.

Coverdell Education Saving Account (ESA)

Coverdell Educational Savings Accounts can pay for the future costs of a child’s primary or secondary education. The plan allows total after-tax contributions per year for each child until they reach the age of 18. These contributions and their subsequent earnings are tax-free when withdrawn to pay for qualified education expenses.

Simplified Employee Pension Plans (SEP)

A SEP can help employers encourage their employees to save for retirement. SEPs provide many of the same benefits as a qualified retirement plan, but without as many disclosures and reporting requirements.

IRA Account

Rates effective as of September 24, 2019

Balance Tier Dividend Rate APY
$0.00 + 2.00% 2.02%

Additional Information

For more information about our Traditional and Roth IRAs, view the following brochures:

  • Download Traditional & Roth IRA brochure
    Traditional and Roth IRAs
  • Download Traditional IRA brochure
    Traditional IRA
  • Download Roth IRA brochure
    Roth IRA
  • Download Transfers, Rollovers, and Conversions informational PDF
    Transfers, Rollovers, and Conversions
  • Download  IRA & Retirement Plan Distribution brochure
    IRA and Retirement Plan Distributions
  • Download Inherited IRAs brochure
    Inherited IRAs
  • Download Coverdell ESA brochure
    Coverdell ESAs
  • Download Retirement Plan brochure
    Retirement Plans
  • Download SEP IRA brochure
    SEP IRAs
    (WEPCO does not offer Simple or Individual(k) Plans)

Money Market Accounts

Our money market accounts provide for the highest of returns with the easiest of terms. Our money market account requires a minimum deposit of $2,500.00.  Transactions are limited to no more than three (3) withdrawals or transfers during a one-month statement period, and each must be at least $500.00. 

Share Certificates

Choose the term and rate that is best for you! Start saving today with a higher rate of return for tomorrow!  We offer a share certificate, Traditional and Roth IRA share certificates and a Coverdell Educational share certificate.   A minimum deposit of $500 is required.