|
If you have a little bit larger nest egg and would like to have a higher return, you can purchase an IRA Certificate. Just like the Share Certificates, you need an initial deposit of $1,000.00 for our regular IRA Certificates. The rates are the same as our Share Certificates and may change on the 1st and 15th. Once you have purchased a certificate, however, you are locked in to that rate for the term. And, ALL dividends earned on an IRA Share Certificate are tax deferred.
You have probably heard about the new Roth IRA, created by the Taxpayer Relief Act of 1997. Now Belvoir Federal introduces the new Roth IRA Certificates. With a minimum $1,000.00 deposit, you can earn higher returns than our regular IRA Certificates! Check out our great rates!
Belvoir Federal offers Education IRA Certificates to set up for the benefit of a specific child. Contributions are not tax-deductible. Earnings will accumulate tax-free and withdrawals are tax-free if the distribution is used within the tax year to pay higher education expenses for the child before age 30. Certificates can be opened with a minimum balance of $500.
IRA Certificate Highlights
- Initial deposit of $1,000.00 for our Regular IRA Certificates
- Fixed rate for the term of the certificat
- Roth IRA Certificates with a minimum deposit of $1,000.00 are available for terms of 1, 2 or 3 years
- Education IRA Certificates with a minimum balance of $500 are available for 1-year terms
- Fixed-rate earnings accumulate tax-deferred
Security for Your Investments
No matter which type of account is right for you, you never have to worry about your savings. All savings and investment accounts at Belvoir Federal are federally insured up to $100,000.00 by the National Credit Union Administration (NCUA), an agency of the United States Government. IRA deposits are insured separately to $250,000.00 by NCUA.
Check out our IRA and HSA Brochures!
|
|
|
|
|
Introduction to IRA's
|
Comparing your IRA options
|
Retirement Planning
|
|
|
|
|
|
|
|
|
|
Roth IRA
|
Traditional IRA
|
IRA Rollovers
|
|
|
|
|
|
|
|
|
|
Coverdell ESAs
|
Helping Control
Health Care Costs
|
Simplified Employee
Pension Plans
|
|
