IRA Share Certificate

An IRA Share Certificate is an Individual Retirement Account that combines the tax advantages¹ of a Traditional IRA or Roth IRA with the security of a share certificate (which is the same as a bank CD).

While IRAs typically invests in stocks, bonds and mutual funds, IRA Share Certificate invests in Credit Union share certificates (like bank certificates of deposit). They’re a safe place for your retirement because your dividend rate won’t fluctuate with the market.

How it works

• Make a minimum opening deposit of $500
• Choose a term from 30 days up to 60 months
• Contribute up to $6,000 each tax year ($7,000 if you’re over age 50) at any time until the tax deadline
• Enjoy tax-deferred growth
• Rest assured, your savings are safe because they’re federally insured by NCUA up to $250,000
• Will automativally renew for the same term on the maturity date unless you otherwise specify

How to qualify

• Anyone with earned income can make contributions
• Tax-deductibility is subject to income limitations if you already participate in an employer-sponsored plan
• If your adjusted gross income is less than $144,000 if single, or $214,000 if married, consider a Roth IRA or Traditional IRA

OPEN AN ACCOUNT

Online

Call 800.462.8328, ext. 4300

Monday through Friday, 7 a.m. - 7 p.m.
Saturday, 9 a.m. - 3 p.m.

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ANY SCHOOLSFIRST FCU BRANCH

1. Please consult a qualified tax professional for tax advice on your specific circumstances.