SEP IRAs
If you’re self-employed, contribute to a Simplified Employee Pension (SEP) IRA to earn great rates towards retirement!
Earn up to
0
on a six-month term.
% APY*
*APY = Annual Percentage Yield assumes all interest is left in the investment and compounded.
Fixed-rate investments are not designed for early withdrawal.
Current Rates
|
APY*
|
APR*
|
Term
|
|---|---|---|
|
5.12%
|
5.00%
|
6 Month
|
|
4.59%
|
4.50%
|
12 Month
|
|
4.33%
|
4.25%
|
18 Month
|
|
3.82%
|
3.75%
|
2 Year
|
|
3.56%
|
3.50%
|
3 Year
|
|
3.04%
|
3.00%
|
5 Year
|
SEP IRAs allow employers to contribute to their employee’s retirement—but self-employed individuals can contribute to their own SEP IRAs too.
Tax-advantaged growth. If you own your business, qualified contributions to your SEP IRAs are tax-deductible on your business’s tax return. If you’re self-employed, qualified contributions are deducted from your own taxable income.
Great rates. Fund your SEP IRA with any of our fixed-rate investment options, which offer great rates for fixed terms.
Large contribution limits. Contribute up to $70,000/year or 25% of your compensation, whichever is less.
Personal customer service. You can expect personal attention from our skilled and dedicated investment specialists, whether you call our office or make an appointment to stop by!
You can easily manage your fixed-rate investment on our secure customer portal.
Frequently Asked Questions
Please review our current rate chart.
Contribute up to $70,000/year or 25% of your compensation, whichever is less.
Yes, eligible accounts can be transferred to GenFi Ministries. Email investment@genfi.com or call 800-821-1112 to speak with one of our investment specialists to begin the process.
Yes, you can roll over your 401(k) from a previous employer into an IRA at GenFi Ministries. To get started, contact your plan administrator to confirm their rollover requirements. Our Investment team is happy to help you set up your IRA — just reach out!
All investment dollars go to support the expansion of Assemblies of God churches and ministries through our loan program. Cash reserves are in bank, money market, and very conservative mutual fund accounts. The variety allows for balance when one part of the economy softens (the other part usually does the opposite). See the impact investments with GenFi Ministries have for ministries nationwide.
Yes, you can take penalty-free distributions from your SEP IRA once you turn age 59 ½. Early redemptions (before age 59 ½) may result in a 10% penalty and ordinary income tax liability.
Yes. You will need to provide a copy of your trust agreement or complete a Certification of Trust Agreement form. GenFi Ministries requires that we have one of these items before we can set up your investment note in the name of a trust.
A RMD is an amount of money the IRS requires you to take from a Traditional IRA account once you reach age 73. The dollar amount is determined by a calculation of your age and the end balance of the previous year.
Opening a SEP IRA is easy to do.
Choose the term that fits your saving objectives or diversify your investment across multiple rates and terms. Read our Offering Circular and complete a short application form to get started!
Investing with Purpose
Investments with GenFi Ministries support churches and ministries.
When you invest with GenFi Ministries, you help build up Assemblies of God churches all over the United States. Thanks to the investments of thousands of individuals and families, we can support the health, vitality, and continued success of hundreds of ministries. Your investment is not just earning a return for you… it’s earning a return for the Kingdom and creating a generational impact.