Specialty Accounts
9-Month High Yield Certificate
Our special 9-month certificate allows you to take advantage of today's high dividend rates, with a short term, so your money is ready before the holidays hit! Open one today!
| Type | Rate | APY |
|---|---|---|
| 9 Month Certificate $500+ |
4.000% | 4.074% |
APY= Annual Percentage Yield DISCLOSURES
New Money Required
Certificate Accounts, Money Markets & IRA
Personal Certificate Account
We have multiple options that allow you to earn higher dividends on your money. Our Certificate Accounts start at only $500, and provide several tiers to allow your money to grow.
- Savers Certificate Accounts allow you to start saving with a lower initial investment, and provide the option to make additional contributions over the certificate term
- Other Certificate options start with a $500 minimum balance
- Certificates Earn higher dividends based on balance and term of certificate
- Dividends are compounded monthly, paid monthly
Money Market Account (MMA)
Earn extra interest on your savings account balance, while still having access to your funds.
- Low minimum to open
- Earn dividends higher than our Share Savings Accounts
- Tiered levels of deposits to earn higher rates
- Write 3 checks and up to 6 transfers a month
- Unlimited branch transactions
- NCUA insured up to $250,000
Individual Retirement Account (IRA)
IRAs are savings accounts with big tax breaks, usually for retirement saving. IRAs can include a variety of assets – bonds, mutual funds, stocks, and others.
Traditional IRA
- Contribution limits exist
- Eligibility Requirements
- Earned Income
- Possible Tax Deduction
- Earnings are always taxed
- Required Minimum Distribution (RMD) required at 72
- Contributions are pre-tax, with taxes paid when you withdraw the money
Roth IRA
- Eligibility Requirements
- Earned Income
- Income Limits (MAGI)
- Contributions are made after taxes
- No age limit for contributions
- Tax-deferred earnings
- Qualified distributions are tax-free and penalty-free
- Since Taxes are paid up front there are no taxes later
Simplified Employee Pension (SEP IRA): For the self-employed & small business owners
- For self-employed and small business owners
- SEP IRAs have much higher contribution limits contribution limits
- SEP IRA owners who still earn income may continue to make contributions
- Must take RMD at age 72
Health Savings Account (HSA): Set aside funds on a pre-tax basis to pay for qualified medical costs
- Using untaxed dollars in an HSA for deductibles, copayments, coinsurance, and other expenses, can lower overall healthcare costs
- HSA contributions are pre-tax/tax-deductible. The money grows tax-free and the money can come out tax-free
- Rolls over from year-to-year, so you don't lose your savings
- Those enrolled in a high-deductible health insurance plan (HDHP) may qualify for an HSA
-The IRS defines an HDHP for an individual as a plan with an out-of-pocket maximum of $6,550 and a minimum deductible of $1,300
Coverdell Educational IRA: For college tuition
Find out more from the IRS