When you're looking for steady growth and absolute security, our Certificate Accounts* are an ideal solution. They are the perfect choice for savers who want an attractive, guaranteed rate of return for a fixed term. Certificates produce excellent returns, yielding dividends that can compound or be transferred for your immediate use. Jumbo Certificates of $100,000 are available.
- Interest guaranteed for a set term
- $1000 minimum deposit
- Terms from 6 months to 60 months
- Certificate secured loans available (only share certificate)
*Members who close Certificates prior to maturity are assessed penalties.
PFCU offers a variety of secure investment alternatives for retirement or tax-deferred savings, including Traditional IRAs and Roth IRAs. Choose from a Variable IRA, which can be opened with $100 or an IRA Certificate with a minimum balance of $1,000 with terms from 6 to 60 months.
A Traditional IRA gives you a tax deferred savings plan. It's a terrific way to save for retirement through convenient periodic deposits. Traditional IRAs offer:
- Independence, and can be opened and funded without any employer participation
- Immediate tax benefits, with contributions and/or earnings tax-deferred until retirement
- Accessibility, with funds always available, something not generally true of employer plans
- Flexibility, because there is no minimum contribution in any year
A Roth IRA gives you the ability to invest your after-tax dollars today, let the investment grow, and withdraw your principal and earnings tax-free after five years.
- First, the money you contribute to a Roth IRA has already been taxed. So the principal amount is never subject to taxes or penalties in the future, as long as you stay within the contribution guidelines.
- Second, this retirement plan allows the money you contribute to grow tax-deferred. If you do not withdraw any of the earnings until you have had the Roth IRA for at least five years and have a qualifying event for which you need your funds, those tax-deferred earnings become tax-free.
For more information about IRAs, ask one of our representatives for more details today. To determine the best IRA for you, please consult your tax advisor.
