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Certificates (CDs & IRAs)

Share Certificates

Offering a variety of terms, our Regular Share Certificates (CDs) will earn you higher dividends over a fixed period of time so you can sit back and relax while your balance rises.

When it’s time to retire, you’ll be ready, but will your account be? Whether you’re planning to move up north, relocate down south or begin saving for your child’s college education, consider an IRA* Certificate and start saving today - for tomorrow. Traditional, Roth and Educational IRA† Certificates are available to help you reach your retirement and educational savings goals.


Traditional IRAs | Roth IRAs | Educational IRAs

Our share certificates (CDs & IRAs) feature:

  • Choice of terms from six months to five years
  • Rates guaranteed for the term of the Certificate
  • Dividends compounded and paid monthly

Early Withdrawal Provisions

A penalty is imposed if you withdraw any of the funds before the maturity date. For accounts having a term less than or equal to 12 months, the penalty imposed will equal to 90 days of dividends. For accounts having a term greater than 12 months, up to 60 months, the penalty imposed will equal 180 days of dividends.

†All IRA eligibility restrictions and requirements apply.


Rates

Share Certificates++

Effective Date: 9/3/2019

Term Minimum Balance Required to Open Average Daily Balance Required to Earn Dividends Annual Percentage Yield (APY)
6 Months $500.00 $500.00 0.50%
12 Months $500.00 $500.00 1.00%
24 Months $500.00 $500.00 1.50%
36 Months $500.00 $500.00 1.75%
48 Months $500.00 $500.00 2.00%
60 Months $500.00 $500.00 2.75%
++Includes Regular Share Certificates and all IRA (Traditional IRA, Roth IRA and Coverdell IRA). All dividends to be paid according to disclosures. All dividend rates and APYs subject to change without notice.
All annual percentage yields (APY) are based on the assumption that the money is left on deposit during the dividend period. Dividend rates on share accounts will be declared monthly by the Board of Directors and posted on the last day of every month. All rates subject to change at any time without notice. For more information, please refer to our Account Agreements and Disclosures.

Traditional IRAs

Traditional IRAs offer tax-deferred earnings,* and the possibility for tax-deductible* contributions. These tax advantages make the Traditional IRA a powerful tool in creating your balanced, long-term savings plan.

  • Contributions may be tax-deductible* and earnings are tax-deferred.*
  • IRA owners can make regular contributions up until the tax year in which they attain age 70 ½, when they have earned income.*
  • Allowable annual contributions are up to $6,000 for under age 50 and an additional $1,000 Catch-up limit for age 50 and over.

*Consult a tax professional regarding the tax advantages of IRAs.

Traditional IRAs

Investment options are Shares and Term Shares (CD).
All IRA eligibility restrictions and requirements apply.

NCUA Insurance Coverage
NCUA insurance coverage for IRAs is up to $250,000 on combined accounts.



Roth IRAs

Unlike Traditional IRAs, your contributions to a Roth IRA are not tax-deductible, however:

  • Anyone with earned income may be eligible to contribute*.
  • Allowable annual contributions are up to $6,000 for under age 50 and an additional $1,000 Catch-up limit for age 50 and over.

The money in your Roth IRA, including earnings, may be eligible to be withdrawn tax-free.*

*Consult a tax professional regarding the tax advantages of IRAs.


Answers to Your Questions
Moving into a Roth IRA
Taking a Closer Look at Eligibility


Investment options are Shares and Term Shares (CD).
All IRA eligibility restrictions and requirements apply.

NCUA Insurance Coverage
NCUA insurance coverage for IRAs is up to $250,000 on combined accounts.


Educational IRAs

Education IRAs, also known as Coverdell Education Savings Accounts, are a tax-favored tool for parents to save for their child’s education expenses.

In some cases, room and board is also a qualified expense. Education IRAs can be used for private elementary or secondary school expenses as well as for college and higher education.

  • Distributions may be tax-free.*
  • An Education IRA can be established for any child under age 18.
  • Allowable contributions up to $2,000 annually.

Unlike Traditional IRAs, your contributions to an Education IRA are not tax-deductible. However, an Education IRA offers you the potential for tax-free* withdrawals including earnings.

*Consult a tax professional regarding the tax advantages of IRAs.


Answers to Your Questions


Investment options are Shares and Term Shares (CD)
All IRA eligibility restrictions and requirements apply.


NCUA Insurance Coverage
NCUA insurance coverage for IRAs is up to $250,000 on combined accounts.


Exploring Your IRA Options
Growing Your Savings During Every Stage of Life
Rolling Your Way to Retirement