Term Share Certificates (equivalent to Certificate of Deposits)
Share certificates are a great way to save for your retirement and it is one of the most valuable benefits that we offer. With higher dividend rates than our regular savings account, we have the term that fits your financial needs. Flexible terms start from 6 months to 36 months, you decide.
Features
| Minimum Opening Deposit |
$1,000 |
| NCUA Insured |
Yes; All Term Share Certificates are federally insured up to $100,000 |
| Terms* |
6 months to 36 months |
| Method of Compounding** |
Daily |
| Interest Payment Options |
Interest can be reinvested, paid by check, or transferred to your POPA FCU savings or checking account |
| Interest Payment Frequency |
Paid monthly or at maturity |
| Grace Period*** |
10 calendar days |
| Competitive Rates |
View Rates |
*Early withdrawal/account closure may be subjected to fees/penalties.
**Interest is calculated and compounded daily from the date of deposit to the date of withdrawal using a 365-day year calendar (366 days in a leap year).
***At maturity, account automatically renews for the same term as the previous term, at the rate in effect on the maturity date. At maturity and during the grace period, you may change the term or balance of your account or make withdrawals without a fee. The grace period begins at maturity and ends ten calendar days later.
IRA (Individual Retirment Account) Certificate
Many financial planners estimate you will need 70%-80% of your current income to maintain your lifestyle during retirment. Social Security will only provide a fraction of that income. It is more important than ever to prepare for the future. Establishing an IRA can provide the additional savings you'll need for the future.
IRA Certificate Features
- No annual maintenance fees
- Insured up to $250,000 by the NCUA
- Earn certificate rate dividends
- Stability of a fixed rate of return
- Convenient account access
You can potentially maximize your tax savings by selecting the IRA that is right for you. As with any retirement plan, we encourage you to check with your tax advisor to discuss your retirement needs.
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