If you're looking to earn more on your savings, and won't need to access the funds, a Certificate may be right for you. With a Share Certificate, you commit to keeping your money on deposit for a set term. In return, you can earn a higher rate than you would with a traditional Savings or Money Market account. Early withdrawal penalties discourage you from withdrawing funds before the maturity date.
We offer a range of Share Certificate terms, so you can choose what works best for your savings strategy.
Opening an IRA is a great start towards achieving financial security and enjoying retirement. We offer both Traditional and Roth IRA Savings and Share Certificates to help you with your retirement planning. You may contribute to your IRA account through a lump sum deposit, rollover from a qualified plan or through payroll deduction.
Plus, your IRA Savings are federally insured by the NCUA, up to $250,000.
With a Traditional IRA, contributions made to your IRA may be tax deductible and your earnings are not taxed until they are withdrawn (if qualifications are met).
You can begin withdrawing funds from your Traditional IRA after age 59 ½ without penalty, and must begin taking annual minimum distributions between age 70 ½ to 73 (depending on your birth year).
Contributions made to a Roth IRA are not tax deductible but your earnings may be withdrawn tax-free when requirements are met. There is no age cut-off for making contributions to a Roth IRA, and the account is not subject to the Required Minimum Distribution (RMD) rules.