Simplified Employee Pension (SEP)

A SEP is a retirement plan ideal for self-employed individuals and small businesses.

What is a Simplified Employee Pension (SEP)?

A SEP is a retirement plan available to all types of businesses. SEPs are easy to administer, generally less expensive to maintain, and may provide tax-deferred contributions and earnings for employees. As the employer, you may also have a tax deduction on plan contributions. You adopt a SEP plan, provide your employees information about the plan, have each eligible employee establish a traditional IRA, and decide whether to contribute/how much to contribute each year. Speak with your tax advisor to see if you are eligible for an SEP.

Benefits and Features

Earns dividends that are compounded and credited quarterly
Tax deductible contributions¹
Earn tax-deferred dividends¹

Rates

Rates for SEP Savings and SEP Certificates

IRA SEP Savings

Dividend Rate	APY²
0.50%	0.50%

IRA SEP Certificates

Rates current as of .

Promotional Rates

Term	Minimum Deposit	Dividend Rate	APY¹
6 Months	$	%	%
	12 Months	$	%	%
		24 Months	$	%	%
36 Months			$	%	%
	60 Months		$	%	%

All promotional certificates must be opened with funds that are not currently held in a CapEd Credit Union account or that have been deposited to a CapEd Credit Union account less than 30 days.

Standard Rates

Term	Minimum Deposit	Dividend Rate	APY¹
6 Months	$500	%	%
	$10,000	%	%
	$50,000	%	%
12 Months	$500	%	%
	$10,000	%	%
	$50,000	%	%
18 Months	$500	%	%
	$10,000	%	%
	$50,000	%	%
24 Months	$500	%	%
	$10,000	%	%
	$50,000	%	%
36 Months	$500	%	%
	$10,000	%	%
	$50,000	%	%
48 Months	$500	%	%
	$10,000	%	%
	$50,000	%	%
60 Months	$500	%	%
	$10,000	%	%
	$50,000	%	%