Share Certificates & IRAs
Give your savings goals more earning power.
Safe. Stable. Guaranteed Returns.
Share Certificate Accounts
A Share Certificate is a great tool to help you achieve your savings goals. They provide a risk-free investment with a guaranteed return at a higher dividend rate than most deposit accounts. Grow your savings faster with an AFFCU Share Certificate.
Individual Retirement Accounts
Planning for retirement and saving in an IRA today will help make your retirement a success in the future. An Individual Retirement Account is a safe, easy way to save for retirement. Make the most out of your hard-earned money and prepare for retirement with an IRA.
Flexible Terms up to 5 years
Custodial and IRA Share Certificates
Dividends Compounded Monthly
Automatic Renewals With Grace Period
Federally Insured up to $250,000 per account
Choose The Right Share Certificate Option To Achieve Your Savings Goals
-
Details
Details
-
Rates
Rates
-
Monthly Service Fee
Monthly Service Fee
-
Minimum Balance
Minimum Balance
-
Dividends
Dividends
-
Term
Term
-
IRA Certificate Option
IRA Certificate Option
-
Ability To Add Funds
Ability To Add Funds
-
Federally Insured
Federally Insured
Share Certificates
-
Details
A secure way to save with a fixed rate savings that guarantees earnings.
-
Rates
As high as 3.75% APY*
-
Monthly Service Fee
No
-
Minimum Balance
As low as $500, but varies by term
-
Dividends
Compounded monthly
-
Term
Options of three months to five years
-
IRA Certificate Option
Yes
-
Ability To Add Funds
No
-
Federally Insured
Yes, up to $250,000 per account
Add & Earn Share Certificate
-
Details
A secure way to save with guaranteed returns that offers a unique ability to make unlimited contributions to fast track your savings goal.
-
Rates
As high as 3.89% APY*
-
Monthly Service Fee
No
-
Minimum Balance
$25
-
Dividends
Tiered dividends compounded monthly
-
Term
Options of one or two years
-
IRA Certificate Option
No
-
Ability To Add Funds
Yes, unlimted contributions
-
Federally Insured
Yes, up to $250,000 per account
Jumbo Share Certificate
-
Details
Higher earning Share Certificate for those that have a minimum balance of $50,000.
-
Rates
As high as 3.75% APY*
-
Monthly Service Fee
No
-
Minimum Balance
$50,000
-
Dividends
Compounded monthly
-
Term
Options of one to five years
-
IRA Certificate Option
Yes
-
Ability To Add Funds
No
-
Federally Insured
Yes, up to $250,000 per account
Traditional vs Roth IRA Options
Guaranteed Earnings
Pre or Post Tax Contribution
No Fees
-
Details
Details
-
Contributions
Contributions
-
Tax Deductions
Tax Deductions
-
Earnings
Earnings
-
Distribution
Distribution
-
Withdrawal Restrictions
Withdrawal Restrictions
Traditional IRA
-
Details
A traditional pre-tax contribution
-
Contributions
Contribute up to $6,000 a year in 2019 ($7,000 maximum if over age 50)
-
Tax Deductions
Annual contributions may be tax-deductible*
-
Earnings
Earnings are tax deferred until withdrawal
-
Distribution
Must take annual distributions beginning at age 70 1/2
-
Withdrawal Restrictions
Early withdrawals (before age 59 1/2) incur a tax penalty in many instances
Roth IRA
-
Details
Post tax contributions. Taxes paid now rather than upon disbursal.
-
Contributions
Contribute up to $6,000 a year in 2019 ($7,000 maximum if over age 50)
-
Tax Deductions
Contributions are NOT tax deductible
-
Earnings
Investment interest and dividends grow tax-free; withdrawals are not taxed
-
Distribution
No mandatory distributions at any age
-
Withdrawal Restrictions
No early withdrawal penalties in cases for select use of funds (consult your tax advisor)
Calculate Your Savings Potential
Certificate Calculator
Results
Your ending balance will be | $____ |
after ____ months
Dividend compounding frequency: Monthly
Marginal tax bracket (0% to 75%): 25%
Share Certificate Frequently Asked Questions
Yes, there is a penalty for Share Certificate and IRA early withdrawals. If original maturity of one year or less: Penalty imposed will equal 180 days dividends on the amount withdrawn. If original maturity of more than one year: Penalty imposed will equal 365 days dividends on the amount withdrawn. Consult your tax advisor for additional IRA early withdrawal penalty details.
No, contributions can only be made during the initial deposit for regular Share Certificates (Regular, Jumbo, Step-up).
Ongoing contributions can only be made in the Add & Earn Share Certificates.
You will receive notice of your upcoming share certificate maturity from the credit union. Upon maturity you can elect to remove the funds or renew to a new term. If you do not notify the credit union with a desired change, then the share certificate will automatically renew to another term upon maturity.
You might also be iterested in
Build Your Savings On A Budget
Do you feel challenged to grow your savings on a limited budget? Follow these helpful tips to grow your savings on any budget.
MY AFFCU REWARDS
Grow your savings at AFFCU and get rewarded for doing so with an annual cash bonus through MY AFFCU REWARDS