Certificates of Deposit

Guarantee your future and all the things that are on your horizon. You’re the expert on being you – and we’re the experts on money and how you can help you achieve your goals. A Certificate of Deposit gives you a guaranteed return on your investment that can put you a step closer to your dreams.

Individual Retirement Accounts, or IRAs, are accounts that offer tax benefits and allow you to save for your retirement through yearly contributions. Start taking action now to meet your goals for a comfortable retirement!


What We Offer

Traditional IRA – Traditional IRAs are taxed at withdrawal, but allow tax deductions on the contributions that you make. Also, this type of IRA requires you to begin withdrawing funds at 70 ½ years of age.

Roth IRA – A Roth IRA allows you to enjoy tax-free growth but you’ll pay taxes on your contributions. Your contributions also depend on the modified adjusted gross income limits. However, a Roth does not require you to withdraw at a specific age.

SEP and SIMPLE – We offer options that enable business owners to help their employees save for retirement. Learn more.



IRA Overview

IRA BasicsTraditional IRARoth IRA
ContributionsUp to $5,500 per year
Up to $6,500 for age 50 and older
Up to $5,500 per year
Up to $6,500 for age 50 and older
Subject to modified adjusted gross income limits
Contribution Age LimitAge 70 ½None
TaxationEarnings taxed at withdrawal
Contributions may be tax deductible, check with a tax advisor
Contributions subject to taxation
Earnings grow tax-free
WithdrawalsOptional beginning at age 59 ½
Mandatory at age 70 ½
Optional beginning at age 59 ½
No mandatory withdrawal age
Early WithdrawalPenalties apply; exceptions exist for first time home purchase*, higher education expenses**, or if disabled. Consult a tax advisor for details.

IRA Rates and Terms

TermRate*APY**Minimum Balance to OpenMinimum Daily Balance to Earn APY
3 Months4.66%4.75%$500.00$500.00
6 Months4.66%4.75%$500.00$500.00
12 Months3.94%4.00%$500.00$500.00
14 Months (SPECIAL)1.099%1.10%$500.00$500.00
18 Months0.45%0.45%$500.00$500.00
20 Months0.45%0.45%$500.00$500.00
24 Months0.45%0.45%$500.00$500.00
36 Months0.50%0.50%$500.00$500.00
40 Months0.50%0.50%$500.00$500.00
48 Months0.50%0.50%$500.00$500.00
Effective: 02/15/2024
* NEW MONEY for all CD Specials
1 Rates subject to change without notice.
2 Annual Percentage Yield.
1, 3 Transaction limitations apply, per Regulation D - no more than six (6) transfers or withdrawals per calendar month or statement cycle can be conducted.
4 Terms less than 12 months earn simple interest. Dividends are compounded and paid monthly. Federal regulations require a penalty for early withdrawal on all term deposits.
5 Personal Community First MMDA available only with a checking account > $1,000 balance/direct deposit at the time of opening. Fees may reduce earnings.
**Refer to CCU's Fee Schedule and Account Product Disclosures for additional account requirements to earn interest. MEMBER NCUA, MSIC

Everyone has different needs. Visit one of our branches to talk to one of our financial experts who can answer all your questions so you can make the best retirement choice for you.

If you need help or would like more information, please visit one of our branches or call us at 800-862-7009. Become a member today and live more vibrantly!