Share Certificates (CD's) are a secure way to invest your money at a high rate of return. Share Certificates are high yielding, no risk investments, letting you secure a competitive fixed rate of return for an extended period of time. Choose maturities from 6 months to 48 months with a minimum investment of $1,000.00. You have a choice to either let your dividends compound quarterly to the certificate or to withdraw your dividends penalty free. Early withdrawal will be subject to a penalty. Remember, your funds are federally insured to $100,000 compliments of NCUA.

Individual Retirement Accounts are designed for people who want their own retirement plans, even if they have a plan through their current employer. Since taxes on your earnings are deferred until the time of withdrawal, your money is working its absolute hardest. You are never too young to start paying yourself first with a Credit Union IRA.

These accounts offer a higher dividend rate than a regular IRA savings account requiring a minimum deposit of $1,000. As an investor, you have the same choices with IRA Share Certificate accounts as you do with regular Share Certificates, but have the advantage of tax deferment until withdrawn.

The Roth IRA Certificate is an excellent opportunity to save your retirement dollars. Unlike the traditional IRA, there is no age limit on making contributions. You simply need to earn income equal to the amount you contribute up to a maximum of $4,500 ($9,000 combined for spouses). If you satisfy certain conditions, you can withdraw your Roth IRA funds tax-free and/or penalty free.

In addition to Traditional and Roth IRA'S, RCMFCU offers Education IRA's to help you establish college funds for your children. Earnings in an Education IRA grow tax-free. This is a convenient account for saving up to $500 per year per child for future education expenses.

*Consult your tax advisor for specific IRA guidelines.