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Simplified Employee Pension (SEP)

Preparing for retirement shouldn't be a full-time job

A great retirement plan for your employees—tons of benefits without tons of paperwork.

What Is It?

Simplified Employee Pension (SEP) from Yolo Federal

Want to give your employees great benefits? Use our plan as an affordable alternative to a 401(k). It lets employers, business owners, and the self-employed contribute (and deduct) a portion of their income to their retirement savings. If you’re covered, we can accept your SEP contributions through your personal Yolo Federal membership.

Why Yolo Federal

Just a few ways Yolo can help your business

  • Reasonable loans
  • Business accounts
  • Business VISA®
  • Payroll services and online banking
  • Free educational workshops on important business topics

Rates & Fees

IRA, ROTH, Coverdell ESA & SEP

Minimum Daily Balance Dividend Rate Annual Percentage Yield
$0 0.03% 0.03%
$100 0.03% 0.03%
$10,000 0.03% 0.03%
$50,000 0.03% 0.03%
$100,000 0.03% 0.03%

Effective Date: April 1, 2024. Last Dividend Declaration Date: March 31, 2024. Rates subject to change at any time.

Dividends paid from current income and available earnings after required transfer to reserves at the end of the dividend period. Rates are subject to change without notice as determined by the Credit Union’s Board of Directors. Fees could reduce earnings on accounts. Some restrictions may apply.

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To qualify for membership, you must live, work, worship, attend school in Yolo, Sacramento, Placer, or El Dorado counties.

To apply for a Home Loan, you must qualify for membership, and the property must be located in Yolo, Sacramento, Placer, or El Dorado counties or within 50 miles of our corporate office. 

Leaving Our Site

You are contacting a Yolo Federal Credit Union Representative. By clicking “Continue,” you understand that any transmission to or from this site is not confidential. You agree that Yolo Federal Credit Union will not be responsible to anyone for any damages arising out of or in connection with any e-mail or other electronic transmission sent to Yolo Federal Credit Union. All information you submit to Yolo Federal Credit Union via the site will be considered to be the property of Yolo Federal Credit Union, and Yolo Federal Credit Union is free to utilize any information you submit for any purpose, subject to Yolo Federal Credit Union’s Privacy Policy.

Fraud—Protect Yourself

We proactively work to protect members against fraud. All of our Debit and Credit Cards come with ID Navigator through NortonLifeLock™ to help protect you against identity theft. If you suspect fraud or have questions, please call, schedule an appointment, or click on Let's chat! to speak with a Yolo FCU representative.

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