Dividend/Interest Rate of IRA/KEOGH Accounts

Acct Code

Description

Tip for pulling data stored in CU*BASE

554

The interest rate of IRA/KEOGH accounts paid as of the last day of the reporting period. If more than one rate applies, use the most common rate according to the dollar volume of business.

This account code was removed by the NCUA in March 2022.

You can obtain the current IRA/KEOGH rate from the Rate Inquiry feature on CU*BASE.

If multiple certificate products fall into this category, average the rates for the quarter.

Another method is to review via Tool #195 Certificate Rate Analysis Report.