Certificates
Earn higher dividends and get a guaranteed return on your money. Neighbors United can help you do that with our Share Certificates.
Term Share Certificates
Competitive rates based on your term
Flexible terms from 6 to 36 months
$500 minimum investment
Guaranteed return on investment
Dividends compound semi-annually
No setup or monthly maintenance fees
Insured up to $250,000 by the National Credit Union Administration
IRA Accounts
IRA Savings Accounts are a great way to save for retirement. If you haven’t opened an Individual Retirement Account (IRA), take a look at the different tax advantages offered by Traditional and Roth IRAs* to help you make the choice that’s right for you.
Traditional IRA
With a Traditional IRA, contributions can be tax-deductible and earnings accumulate tax-deferred, so you won’t owe income taxes until you make withdrawals. Deductible contributions and earnings could be taxed upon withdrawal.
Roth IRA
Roth IRA contributions are not tax-deductible. However, withdrawals of your contributions are always tax-free and penalty-free. Additionally, earnings accumulate tax-free and are free from income tax upon withdrawal if you meet specific conditions. A Roth IRA also has more flexible “early withdrawal rules” than a Traditional IRA, and you are not required to begin withdrawals at age 70½.
There are factors you should consider before choosing an IRA Account, such as your current age, plans for needing the money prior to age 59½, plans for leaving the money to heirs, and the likelihood that you will actually invest the money you save on taxes in another retirement account. Your tax advisor can help you determine which tax advantages would benefit you most.
*Consult your tax advisor
Contact a Member Service Representative to open your account today!