Certificates & IRAs

Put your money to work. With flexible terms and competitive interest rates, saving for retirement is easy.

Certificates7

Flexible terms from 3 months to 60 months let you pick the maturity date. Only $500 minimum deposit with competitive yields and dividends credited monthly or at term end. Monthly dividends can automatically be credited to the CD or transferred to another FRFCU account.

Traditional IRA1,7,8

  • Taxes are deferred until funds are withdrawn
  • Rollover funds from another financial institution
  • Only $500 minimum deposit with competitive yields and dividends credited monthly or at term end.
  • Available to any individual under the age of 70 1/2 years old looking to save for retirement

ROTH IRA1,7,8

  • Taxes are deferred until funds are withdrawn
  • Rollover funds from another financial institution
  • Only $500 minimum deposit with competitive yields and dividends credited monthly or at term end.
  • There is no age restriction with a ROTH IRA
  • All "qualified distributions" are tax free

Term Certificates & IRA Specials1,7,8

Variable IRA Savings1,8

  • Use convenient payroll deduction or automatic savings to build your IRA

Coverdell Education Savings Account

Any adult – parents, grandparents, godparents or friends – can put money in a Coverdell Education Savings Account, up to $2,000 away each year (up to the tax filing deadline of April 15th) per child (income eligibility requirements apply). In addition, all earnings in the account accumulate on a tax-deferred basis and can be withdrawn from the account tax-free if used to pay for qualified elementary and secondary education, as well as qualified college education expenses. Contributions to a Coverdell Education Savings Account are not tax deductible.

 

Consult your tax advisor or IRS Publication 590 to determine what type of IRA is right for you. Publication 590 can be found at your local post office or online at the Internal Revenue Service Website.
(1) Fees may reduce earnings on these accounts: Savings, Interest Checking, Money Market and IRAs
(2) Minimum Balance to earn stated Annual Percentage Yield (APY). If a range is shown as a deposit tier, the starting balance shown in that tier is the Minimum Balance needed to earn the stated Annual Percentage Yield (APY)
(3) Rate is variable and may change after the account is opened
(5) APY = Annual Percentage Yield (6) Minimum Balance to open = $100.00
(7) An early withdrawal penalty will be imposed
(8) Consult your tax advisor or IRS Publication 590 to determine what type of IRA is right for you. Publication 590 can be found at your local post office or online at the Internal Revenue Service Website.
(9)Relationship Premium Rates for Certificates and IRA's include a rate premium based on your account services with the credit union. Rates indicated include premiums of 0.10% for an active checking account (active checking account requires either 1- existing checking acct with minimum monthly Direct Deposit of $500.00 , 2-FRFCU debit card with minimum 5 transactions in previous month, 3- Active Bill Pay Account); 0.10% for an existing consumer loan (excludes Credit Builder and Personal Lines of Credit); 0.10% for a FRFCU Mortgage or Investment Account.