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While contributions to a Roth IRA are not tax-deductible, the money you contribute can be withdrawn tax-free at any time. Earnings can also be withdrawn tax-free, if you qualify.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 These contributions and their subsequent earnings are tax-free when withdrawn to pay for qualified education expenses.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:

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.