Business SEP

Simplified Employee Pension

What’s A SEP?

A SEP IRA is a Simplified Employee Pension (SEP), an Individual Retirement Account (IRA) that an employer or a self-employed person can establish. The employer is allowed a tax deduction for contributions made to a SEP IRA and makes contributions to each eligible employee’s plan on a discretionary basis. We offer SEPs in the form of savings and share certificate (CD) accounts.


SEP Savings Account

$0 Minimum Opening Deposit Required

Add To The Balance During The Term

(up to yearly limit – see IRS guidelines)

Withdrawals (As Per IRS guidelines)

See Current Rates.


SEP Share Certificate

$1,000 Minimum Opening Deposit Required

Add To The Balance During The Term

($1,000 per deposit, up to yearly limit – see IRS guidelines)

12- to 60-Month Terms

Withdrawals (As Per IRS guidelines)

Penalties For Early Principal Withdrawal

See Current Rates.

Whether it’s an Equipment Loan,
Line of Credit or
Commercial Real Estate

That you may need for your existing business – but don’t need the big business bank attitude – call 505-342-8866 or
email bizrequest@useagle.org

*All certificates federally insured up to $250,000 per deposit. Consult your tax advisor regarding tax benefits and implications. Must qualify for US Eagle membership, including $5 share deposit, to open accounts. See US Eagle for complete details including respective principal withdrawal penalties and dividend withdrawal limits.

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