Certificates & IRAs
A great investment for your future begins with these simple products to save any amount that benefits you now and in the future. It's a safe haven that allows you to build your nest egg in an insured manner.
CERTIFICATES
6-84 Month Certificate
- $1,000 minimum
- Dividend paid monthly ($10,000 required for monthly dividend check)
IRA Certificate
- $1,000 minimum for 6-84 months
- Dividend paid monthly ($10,000 required for monthly dividend check, if age requirement is met)
- Dividend is tax deferred until withdrawn
Applies To All Certificates Above:
- Receive quarterly statements
- Dividends are based on the daily balance method
- Renewal options available
- Current rates and Annual Percentage Yield (APY) are available by calling 800-228-6420 (press 2).
- Penalties may apply.
- If dividends are paid instead of compounded, the APY will be lower than quoted by telephone.
INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
- Contribution limits for 2008 are $5,000 for those under 50 years old, and $6,000 for those over 50.
- IRA dividends are paid and compounded monthly based on your average daily balance.
- Interest earned is tax deferred.
- No front end charges or service charges
- No withdrawal penalties on principal. (Except those imposed by the Federal Government.)
- Interest is paid on the balance for every day the funds are in the account.
- A supplement to your regular retirement.
- Easy payroll deductions.
- Quarterly statement provided.
- Spousal accounts also offered.
- Receive monthly or quarterly checks when you reach the optional age of 59 1/2 or the required age of 70 1/2.
- Federally insured separately from other accounts up to $350,000.
Traditional IRAs
Consult your tax advisor for full details
- Contribution limits for 2008 are $5,000 for those under 50 years old, and $6,000 for those 50 and over.
- Contributions may be tax deductible*
- Earnings accrue tax-deferred
- Fund withdrawals can begin at age 59-1/2
- Funds may also be withdrawn for first-time home purchase, education expenses or medical expenses**
- Federally Insured
Roth IRAs
Consult your tax advisor for full details
- Contribution limits for 2008 are $5,000 for those under 50 years old, and $6,000 for those 50 and over.
- Contributions are not tax deductible*
- Earnings accrue tax-free
- No mandatory withdrawal at age 70-1/2
- Funds may also be withdrawn for first-time home purchase, education expenses or medical expenses**
- Roth funds may be left tax-free to your heirs**
- Federally Insured
Coverdell Education Savings (formerly the Education IRA)
Consult your tax advisor for full details
- Contribute up to $2,000 annually*
- Contributions are not tax deductible*
- Earnings accrue tax-free
- Funds may be used for : College or vocational school tuition, housing, books & supplies (such as a computer)
- Funds may also be used for some primary and secondary education expenses, such as: Tuition, School uniforms, Supplies (such as a computer)**
- Federally Insured
Traditional and Roth IRAs are insured to $350,000. This includes $250,000
coverage provided by the NCUA, a federal government agency, and an additional
$100,000 coverage by the Excess Share Insurance Corporation (ESI).
Click here for current rates.
