IRA Certificates

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IRA Certificates

Individual Retirement Account certificates comply with federal guidelines and policies as well as credit union certificate policies. IRA certificates are available in a 1 year or 30 month term. Market Index Certificates are also available as an investment option for IRAs. Market Index Certificates are available in 1 year, 3 year, and 5 year terms. There is a $2,000 minimum balance for opening an IRA certificate. Early withdrawal from the certificate results in a penalty of 180 days interest on the amount of the withdrawal being assessed as well as any federal penalty that may apply. There are absolutely no withdrawals from the Market Index Certificate IRAs. At least ten (10) days prior to maturity you will notified the certificate is maturing. The IRA certificate will automatically renew at the same term as the maturing certificate and the current rate unless notified in writing with complete instructions to do otherwise.

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