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Empower your future with flexible retirement savings built for self-employed individuals and small business owners. Start your SEP IRA online with Heritage Credit Union and invest in tomorrow—today.
Open SEP IRA AccountA SEP IRA (Simplified Employee Pension Individual Retirement Account) is one of the most powerful retirement savings tools for entrepreneurs, freelancers, and small business owners. It offers higher contribution limits than traditional IRAs, flexible funding options, and attractive tax advantages. At Heritage Credit Union, we provide an online-first approach, making it simple and secure to open and manage your SEP IRA from anywhere in the USA or Canada.
With a SEP IRA, your contributions are tax-deductible, and your investments grow tax-deferred until retirement. It’s an ideal way to maximize your savings potential while maintaining full control over your financial future. Whether you’re self-employed, an independent contractor, or managing a small team, Heritage Credit Union’s SEP IRA offers the support, security, and growth you deserve.
Contribute up to 25% of your compensation, or the IRS limit, whichever is lower—giving you more room to grow your savings efficiently.
All earnings within your SEP IRA grow tax-deferred until withdrawal, allowing your investments to compound faster over time.
Manage your SEP IRA easily through our secure online banking platform with 24/7 access to balances, statements, and investment updates.
Designed for self-employed professionals and business owners who want to provide retirement benefits to themselves and their employees.
Make contributions annually at your own pace—ideal for variable income years common among business owners.
Your SEP IRA is backed by the strength and trust of Heritage Credit Union, with security protocols designed to protect your data and funds.
Any self-employed individual, freelancer, or small business owner in the USA or Canada can open a SEP IRA. Employers can also set up SEP IRAs for their eligible employees.
For 2025, you can contribute up to 25% of your compensation or the IRS annual limit (whichever is lower). Limits may vary yearly based on inflation adjustments.
Yes. Contributions made to a SEP IRA are generally tax-deductible, and the earnings grow tax-deferred until withdrawal at retirement.
Absolutely. Heritage Credit Union offers a complete online platform where you can monitor your balance, view transaction history, and adjust contributions anytime.
Withdrawals before age 59½ may be subject to taxes and an early withdrawal penalty unless exceptions apply under IRS rules.
