Certificates and IRAs Maximize Your Savings with Guaranteed Returns
Certificates & IRAs: Secure Your Future
At Skyward Credit Union, we offer a variety of Share Certificates and Individual Retirement Accounts (IRAs) to help you grow your savings securely and at a higher rate. Whether you're planning for the future or looking to earn more from your current savings, our certificates and IRAs provide you with the perfect way to reach your financial goals.
-
Certificates
Our Share Certificates are designed for members who want to earn a guaranteed return on their money. With competitive rates and terms that range from a few months to several years, you can select the perfect plan that fits your financial timeline.
- Flexible Terms & Competitive Rates: Choose from various term lengths with higher rates than a standard savings account.
- Safe and Insured: Your investment is federally insured, providing peace of mind while your money grows.
- Easy to Open: Opening a Share Certificate is simple, and you can easily choose your preferred term and deposit amount.
Ready to start?
Apply below or visit your nearest branch to discuss which Share Certificate term works best for you.
Investing in a share certificate requires a minimum deposit of $1,000.00 unless noted otherwise and an open regular share account. Early withdrawals may be subject to an early withdrawal penalty. All non-IRA accounts are insured up to $250,000 and all IRA accounts are insured up to $250,000 by the NCUA, an agency of the federal government.
-
IRAs
IRA Certificates* are a smart way to save for retirement or future higher education expenses. They offer valuable tax advantages, including the potential for tax-deductible contributions, depending on your eligibility.
At Skyward Credit Union, we offer competitive rates on both IRA share accounts and fixed-term, fixed-rate IRA certificates, providing strong earnings potential as you plan for the future.
We offer the following IRA accounts:
- Traditional IRA: Before tax dollars are invested allowing you to defer taxes on your earnings until you are ready to withdraw.
- ROTH IRA: Contributions are made with after-tax dollars.
- Coverdell Education Savings Account (CESA): Established for educational needs. Withdrawals are tax-free if used for educational purposes. Minor children must have an established youth account with Skyward Credit Union to establish a CESA. Total contributions in a calendar year may not exceed $2,000.00.
To open an IRA, call us, use our AIM Video Banking app, or visit one of our branches.
*Early withdrawal penalties may apply and could reduce earnings or principal. Minimum opening balance required as stated above. Dividends are compounded and credited based on the certificate term selected. IRA Certificates are subject to IRS rules and annual contribution limits. Please consult your tax advisor for guidance on tax-related matters.