Your retirement years can sneak up fast - be prepared by investing in the IRA of your choice.
Traditional IRA Share Certificates
> $500 minimum deposit
> Terms from 90 days to 60 months
> Choose from Traditional or Roth IRA Options - what's the difference?
| Term |
$500-$9,999.99
|
$10,000-$49,999.99
|
$50,000-$99,999.99
|
$100,000+
|
|
|
Dividend Rate
|
APY*
|
Dividend
Rate
|
APY*
|
Dividend
Rate
|
APY*
|
Dividend
Rate
|
APY*
|
| 36 Month Special |
3.94%
|
4.00%
|
3.94%
|
4.00%
|
3.94%
|
4.00%
|
3.94%
|
4.00%
|
|
Share or IRA Certificate Dividend Rates & Yields
with 0.50% Bonus APY**
|
| 3 Month |
1.99%
|
2.00%
|
2.23%
|
2.25%
|
2.48%
|
2.50%
|
2.48%
|
2.50%
|
| 6 Month |
2.13%
|
2.15%
|
2.38%
|
2.40%
|
2.62%
|
2.65%
|
2.62%
|
2.65%
|
| 12 Month |
2.33%
|
2.35%
|
2.58%
|
2.60%
|
2.82%
|
2.85%
|
2.82%
|
2.85%
|
| 24 Month |
2.58%
|
2.60%
|
2.82%
|
2.85%
|
3.06%
|
3.10%
|
3.06%
|
3.10%
|
| 48 Month |
2.82%
|
2.85%
|
3.06%
|
3.10%
|
3.31%
|
3.35%
|
3.31%
|
3.35%
|
| 60 Month |
3.21%
|
3.25%
|
3.45%
|
3.50%
|
3.70%
|
3.75%
|
3.70%
|
3.75%
|
|
Share or IRA Certificate Dividend Rates & Yields without Bonus
|
|
3 Month
|
1.49%
|
1.50%
|
1.74%
|
1.75%
|
1.99%
|
2.00%
|
1.99%
|
2.00%
|
|
6 Month
|
1.64%
|
1.65%
|
1.89%
|
1.90%
|
2.13%
|
2.15%
|
2.13%
|
2.15%
|
| 12 Month |
1.84%
|
1.85%
|
2.08%
|
2.10%
|
2.33%
|
2.35%
|
2.33%
|
2.35%
|
| 24 Month |
2.08%
|
2.10%
|
2.33%
|
2.35%
|
2.58%
|
2.61%
|
2.58%
|
2.61%
|
| 48 Month |
2.33%
|
2.35%
|
2.58%
|
2.61%
|
2.82%
|
2.85%
|
2.82%
|
2.85%
|
| 60 Month |
2.72%
|
2.75%
|
2.97%
|
3.00%
|
3.21%
|
3.25%
|
3.21%
|
3.25%
|
| *APY is the Annual Percentage Yield, effective May 1, 2008 and is subject to change at anytime. The APY's for certificates assume that the dividends (interest) are calculated daily and compounded quarterly to the certificate. Minimum balance of $500 to open account. Dividend rates are anticipated. Fees may reduce earnings on these accounts. There is an early withdrawal penalty of a 90-day forfeiture of dividends on most Certificate Terms. **Bonus dividend rates are applicable to certificates when the member also has a Money Builders Checking balance of $2500 or more, or a Money Market Savings balance of $2500 or more. |
Traditional IRA Savings
> Tax deductible for eligible deposits
> Earn tax-deferred interest
> Available to members under age 70½
> Penalty-free withdrawals start at age 59½ or up to $10,000 for first-time home purchase, education, etc.
> Choose from Traditional or Roth IRA options - what's the difference?
| Minimum Balance |
Rate |
APY* |
| $0 - $99.99 |
0.00% |
0.00% |
| $100 - $9,999.99 |
1.44% |
1.45% |
| $10,000 & up |
1.94% |
1.95% |
|
*APY is the Annual Percentage Yield, effective May 1, 2008, and is subject to change. Dividends are paid quarterly. Minimum balance requirements apply to average daily balance (amount of principal in account each day). Rates are anticipated. The dividend rate and APY may change after these accounts are opened. Rate and APY changes may be made at any time by the Board of Directors. Fees may reduce earnings on these accounts.
|
Traditional IRA: A Traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax deductible in the year they are made.
Roth IRA: The Roth IRA is an account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a traditional IRA. Unlike the Traditional IRA, there is no requirement to begin taking distributions at age 70.
|
