Certificates (CDs & IRAs)
Share Certificates
Alliance Catholic Credit Union offers two types of Certificates of Deposit (CDs) for our members. CDs can be held as regular share certificates or IRA certificates within your account.
Our CDs offer a variety of terms to earn you higher dividends over a fixed period of time – allowing you to sit back and relax while your balance rises.
Our CDs 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 CDs with maturities of 9 months or less the penalty will be equal to 90 days of interest; for CDs with a maturity of 12 months or greater, other than 13-Month Flexible CD, the penalty will be equal to 180 days of interest. For 13-Month Flexible CD, one withdrawal up to 25% of the principal balance can be made without penalty; for subsequent withdrawals, the penalty will be equal to 180 days of interest.
IRA Types
When it’s time to retire, you’ll be ready, but will your account be? Whether you’re planning to move up north or relocate down south, consider an IRA* Certificate and start saving today – for tomorrow. Traditional and Roth IRA† Certificates are available to help you reach your retirement savings goals. Click on the links below for more information.
†All IRA eligibility restrictions and requirements apply.
*Consult a tax professional regarding the tax advantages of IRAs.
Rates
Regular Share Certificates & IRA Certificates † (Includes Traditional, ESA, & Roth IRAs)
Effective Date: 04/19/2024
Account Type
Minimum Balance Required to Open
Average Daily Balance Required to Earn Dividends
Annual Percentage Yield (APY)*
6 Months
$500.00
$500.00
2.50%
9 Months
$500.00
$500.00
1.00%
12 Months
$500.00
$500.00
3.00%
24 Months
$500.00
$500.00
2.00%
30 Months
$500.00
$500.00
4.00%
30 Months (IRAs ONLY)
$500.00
$500.00
4.25%
36 Months
$500.00
$500.00
2.00%
48 Months
$500.00
$500.00
2.50%
60 Months
$500.00
$500.00
2.50%
†Penalty for early withdrawal: for CDs with maturities of 9 months or less the penalty will be equal to 90 days of interest; for CDs with a maturity of 12 months or greater the penalty will be equal to 180 days of interest.
*Annual percentage yield (APY) is based on the assumption that the money is left on deposit during the dividend period. All dividends to be paid according to disclosures. All dividend rates and APYs subject to change without notice. All rates on share accounts are subject to change at anytime. Fees could reduce the earning of these accounts.
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.
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.
*Consult a tax professional regarding the tax advantages of IRAs.
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.*
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.
*Consult a tax professional regarding the tax advantages of IRAs.