Investments

Investment Rates

Share Certificates
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 up to $250,000 compliments of NCUA.

Traditional IRA's
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IRA Share Certificate accounts as you do with regular Share Certificates, but have the advantage of tax deferment until withdrawn.

Roth IRA's
Roth Ira's offer unique and exciting savings opportunities, and they gotten better over the years. Roth IRA's give many members an easy and safe way to plan for the future.

With a Roth IRA:
*Contributions are allowed at any age
*Qualified distributions are tax free
*Flexible withdrawal options are available
*The amount you can contribute each year is increasing.

Coverdell Education IRA's
Seeing a child work toward a college degree is a parent's dream. But with rapidly escalating costs of higher education, this dream can become a financial nightmare. A Coverdell Educational Savings Account (ESA) can help parents sleep at night. The main benefits of a Coverdell ESA includes:

*Unlike state 529 plans, Coverdell ESA's can be used to pay for qualified elementary and secondary education expenses.
*Earnings grow on a tax-deferred basis, and distributions are tax-free if the money is used to pay qualified education expenses.

It's never too early to start saving. Call Med5fcu for any investment questions.

*Consult your tax advisor for specific IRA guidelines.