Penalty-and fee-free access to your funds when you need them
National Credit Union Administration (NCUA) insured up to $250,000
Steady stream of earnings
Your IRA investments generate monthly returns
Minimal annual fee
You can open an account with any CFCU savings or certificate program
Low opening contribution
$100 required to open an IRA account
Minimal annual fee
$5/year to maintain the IRA account
You have the option to contribute via "lump sums" or by regular deposits
NCUA insures each IRA up to $250,000
A safe haven for your hard-earned money
Earn more with Community First
Don't settle for mediocre rates and limited access to your money. Our Money Market accounts offer the best of all worlds:
Delay taxes on your earnings until withdrawal. Certain contributions may be tax deductible in the year they're made. Double savings!
Access tax-free withdrawals for certain distribution reasons after a five-year holding period. Non-deductible contributions are taxed when earned, but members in a higher tax bracket upon retirement may benefit more. Plus, no requirement to begin taking distributions at age 70½.
Interest plays a role in almost all aspects of personal finance, including savings, investing, credit, and loans. Banzai provides a simple/compound interest calculator so you know exactly what you'll be earning!
There are many options for keeping your money safe and earning a little extra from interest. Like a savings account or CD, a money market is a great option to park your money in and earn interest along the way.
Whether you find yourself laid off from work, facing a medical emergency, or confronted with a situation that you’re financially unprepared for, it may be tempting to withdraw from retirement savings—but there are penalties and consequences you need to consider before doing so.
Set your child up for success with a YouthSaver Account and the knowledge they need to manage their money. Our financial wellness partner Banzai goes over methods to teach your children the ins and outs of spending, saving, and investing.
College isn't usually one big expense, but a lot of different costs to consider as you chase that degree. Find out how much you need to budget with an interactive calculator and tips on what you may need to save for.
*YouthSaver rate is 7.07% APY when paired with an adult with Local Advantage Plus Checking cosign. Youthsaver rate applies to first $500; default to Prime Share savings rate on those monies above $500.
3) Anticipated dividend; variable rate & subject to change. 4) Annual Percentage Yield assumes dividends will remain in account until maturity. Withdrawals before maturity will reduce earnings. Fees and other charges will reduce earnings.
1) Rates subject to change without notice. However, certificate rates remain fixed for term. 2) Unless otherwise stated, dividends will be credited to your account and compounded every month
*As always, consult your tax advisor for what's best for your unique circumstances.