CDs & IRAs

Securing money for your someday.

Happy couple.Happy couple.

Earn more on your savings with a certificate.

With a Community First certificate of deposit, you earn higher returns than other types of accounts — all while keeping your funds protected and federally insured.

 

 


Guaranteed returns for your money.

Whatever your plans, you can be confident your money will be there for you earning the best rates in the market. Decide how you want to save based on term, rate and opening deposit.

 

Certificates
TypeMinimum BalanceDividend RateAPY1
20 Month Certificate Special$10,0001.591.60
3 Month$2,5000.500.50
6 Month$2,5001.051.06
1 Year$1,0001.241.25
18 Month$1,0001.291.30
2 Year$1,0001.541.55
3 Year$1,0001.791.80
5 Year$1,0001.931.95
Effective July 11, 2020
1 APY= Annual Percentage Yield

Penalty for early withdrawal on Certificates.

Your funds are insured. 

Have peace-of-mind knowing your deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA).



How much will I earn?

Answer this and other questions with our helpful calculators.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that Community First Credit Union assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

 

Investing in your future.

You can never put aside too much or start saving too early for retirement. Let us help you get started on your journey to a more comfortable future.

 

 


Which type of IRA is right for you?

We offer your choice of traditional and Roth IRAs, each offering different benefits depending on where you see yourself in the future.

Comparison of Traditional or Roth IRAs*
 

Traditional IRA

Roth IRA

Recommended for

Members who expect to retire in a lower tax bracket or if you need to rollover assets from a traditional employer-sponsored plan.

Members who anticipate retiring at a higher tax bracket. Contributions aren’t eligible for a deduction, but there are more withdrawal options.

Tax Implications*


Tax deferred earnings.
Contributions may be tax deductible.


Tax deferred earnings. Regular contributions may be withdrawn tax and IRS penalty free. Withdrawals of earnings may be tax free.

Maximum Regular Contributions


$6,000; $7,000 for those over age 50 at year-end
(Combined limit for Traditional and Roth).


$6,000; $7,000 for those over age 50 at year-end
(Combined limit for Traditional and Roth).


Income Limitations**
(2019 Tax Year)


NONE


Contribution phase-out ranges:
Single and Head of Household $122,000 - $137,000
Married, filing jointly $193,000 - $203,000


Income Limitations**
(2020 Tax Year)


NONE


Contribution phase-out ranges:
Single and Head of Household $124,000 - $139,000
Married, filing jointly $196,000 - $206,000


Contribution Deadline


Tax deadline for the year to
which your contribution applies.


Tax deadline for the year to
which your contribution applies.
* Additional account details may apply. Consult your tax advisor for tax related questions.
**Please view IRS Publication 590 for more information about income limitations at www.irs.gov or see your tax advisor for more information.



 

What is a rollover IRA?

 

A rollover IRA is an individual retirement account created by transferring money from a 401(k) or other retirement account held elsewhere. The purpose is to maintain the tax-deferred status of those assets. If you have an account from your former employer or elsewhere you would like to move, we can help.
 

Connect With an Expert to Learn More
rollover your IRA



Make your money grow on your terms.

Choose how you want to save based on term, rate and opening deposit.

IRA Certificates
TypeMinimum BalanceDividend RateAPY1
20 Month Certificate Special$10,0001.591.60
1 Year $1,0001.241.25
18 Month$1,0001.291.30
2 Year$1,0001.541.55
3 Year$1,0001.791.80
5 Year$1,0001.941.95
Effective July 11, 2020
1 APY= Annual Percentage Yield   
Penalty for early withdrawal on IRA Certificates.
IRA Accounts
TypeMinimum BalanceDividend RateAPY1
Accumulator IRA (Traditional & Roth Only)None0.350.35
Coverdell Education Savings Account None0.350.35
Effective July 11, 2020
1 APY= Annual Percentage Yield. Rates  may change after account opening and fees may reduce earnings.
IRA Money Market
TypeMinimum BalanceDividend RateAPY1
Member's Choice Money Market (with active checking)$150,0001.141.15
Member's Choice Money Market (with active checking) 3$75,0000.850.85
Member's Choice Money Market (without checking)$150,0000.650.65
Member's Choice Money Market (without checking) 3$75,0000.450.45
Ultimate IRA Money Market 4$15,0000.600.60
Affordable Money Market 2$7,5000.400.40
Effective July 11, 2020
1 APY=Annual Percentage Yield
2 Balances falling below $7,500 earn a rate and APY of 0.25%, and incur a $15 monthly service charge.
3 Balances falling below $75,000 earn a rate and APY of 0.25%, and incur a $25 monthly service charge.
4 Balances falling below $15,000 earn a rate and APY of 0.25%, and incur a $15 monthly service charge.

Your funds are insured. 

Have peace-of-mind knowing your IRA deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), in addition to your other deposits being covered.


How much money will I need for the future?

Use our calculators to help create a successful savings plan.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that Community First Credit Union assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

 

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