CDs & IRAs
Certificate of Deposit (CD) and Individual Retirement Accounts (IRAs) offer significant benefits to credit union members. Firstly, CDs provide a secure and reliable investment option with guaranteed returns. By locking in a specific amount of money for a predetermined period, members can earn higher interest rates compared to regular savings accounts.
Secondly, IRAs offer credit union members a tax-advantaged way to save for retirement. Whether it's a Traditional IRA or a Roth IRA, these accounts provide individuals with various tax benefits, such as tax-deductible contributions or tax-free withdrawals in retirement.
Certificates of Deposit
Our highest dividend-earning savings option, this account features:
- $1,000.00 minimum opening deposit
- 6, 12, and 24 month terms
- Fixed dividend rates paid quarterly
- Available automatic renewal at maturity
- Penalty for premature withdrawal
Individual Retirement Account (IRA)
An IRS qualified retirement option, this account features:
- Traditional & ROTH type
- Tax deferred earnings or withdrawals on deposited funds
- Possible tax-deductible contributions (see your tax advisor)
- Rollover contributions from other qualified retirement plans
- Regular scheduled disbursements upon retirement
