Family w/Computer

 

Individual Retirement Accounts

When retirement savings is top-of-mind you need to start with an investment vehicle that is basic, stable, insured, tax-advantaged and convenient. Our Individual Retirement Accounts provide great rates and the features you want to effectively meet your basic retirement saving needs.

Traditional IRA

  • Certificate terms from 3 months to 5 years
  • Possible tax-deferred growth, tax-deductible contributions
  • For ages less than 70 ½
  • Maximum contribution of $5,000 annually ($6,000 if 50 or older)
  • Minimum required distributions starting at age 70 ½
  • Minimum certificate deposit of $250

Roth IRA

  • Certificates terms from 3 months to 5 years
  • Possible tax-deferred growth
  • Minimum certificate deposit of $250
  • Withdrawals are tax-free after account is open 5 years and you reach age 59 ½ or make qualified home purchase

Coverdell Education Savings Account

  • Certificates with maturities from 3 months to 5 years
  • Tax-advantaged savings plan for post-secondary education
  • Minimum certificate deposit of $250
  • Maximum allowed contribution of $2,000 per student annually until age 18
  • Tax-free earnings when withdrawn for educational expenses and tax-free withdrawals until age 30

IRA Money Market Account

  • Tiered rates to maximize return
  • Minimum deposit requirements to earn interest

IRS Savings Account

  • Flexibility to temporarily hold IRA funds
  • No minimum deposit requirements

 

 

 

©, Midwest Community Federal Credit Union. All Rights Reserved.
08770 State Route 66, Defiance, OH 43512   Phone: (419) 783-6500   Fax: (419) 783-6550   ABA/R&T: 241278167  Institution NMLS#721511
Design & Hosting by Marketing Partners®
 
Equal Opportunity Lender Equal Housing Lender National Credit Union Administration Excess Share Insurance