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IRA Savings Solutions

Saving for retirement or college expenses can seem impossible. At First Alliance, we try to make it easier for you to reach your financial goals. That’s why we offer a variety of Individual Retirement Account (IRA) options:

  • Traditional and Roth IRAs – Both are great options to start saving for retirement that generally gives you benefits at tax* time.

  • Simplified Employee Pension (SEP) IRA – This is an excellent option for those who are self-employed or small business owners looking to invest for themselves or an employee.

  • Coverdell ESA – This account is an excellent way to save for college education expenses for your children.

Good Things to Know About Opening an IRA at First Alliance:

  • Minimum initial deposit is just $10.00

  • Dividends are compounded monthly

  • No annual maintenance fee or service charge

  • No penalties for early withdrawal** 

We encourage you to discuss your goals with us so we can help you determine the best IRA option for you. No judgment, just answers and guidance. For more information, contact a Member Advisor at 507-288-0330 or via email  hello@firstalliancecu.com.

*Consult your tax adviser.
**The Internal Revenue Service may impose penalties for certain withdrawals.

We enjoy working with First Alliance! Every time we have called, no matter how big or small the question, they always make us feel important and like we are the only customers of the day!

Deborah from Dodge Center, MN

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