A MemberSource IRA can help you do more than just save money – you'll grow your money so you can live your dreams. And unlike other investments, all credit union IRAs are insured separately from other Share Accounts for up to $250,000 by the NCUA, an agency of the federal government.
MemberSource IRAs offer very distinct advantages at tax time. In fact, three out of four taxpayers save money on taxes by deducting at least part of their IRA contribution. You may wish to consult a tax specialist to determine your eligibility. In addition, you'll qualify for tax-deferred compounding of interest with a credit union IRA.
IRA Term Share Certificate Account
The MemberSource IRA Term Share Certificate Account (certificate of deposit) enables you to lock into a fixed rate and term ranging from 6 - 60 months.
IRA Accumulation Account
The MemberSource IRA Accumulation Account allows you to make a lump sum deposit or contribute to your IRA regularly through payroll deduction.
Roth Money Fund IRA
Your dreams are at your fingertips with our great rates and tax-free Roth Money Fund IRA options. Your money grows faster, so you don't have to worry about your future or the future of your family. We can even help you determine whether converting from a traditional IRA is right for you.
Just thinking about the spiraling costs of college tuition, books and fees can send your head spinning. Open a MemberSource Education IRA and your children or grandchildren will certainly worry less about paying for college.
Make your Money Work for You!
Whether your goals are short or long term, we're the source for your CD needs. With a minimum opening balance of only $500 and terms available from 6-60 months, your money can work as hard as you do. Choose the certificate that meets your specific needs and enjoy the right solution with this account.
Earn Even More
Earn a .15% higher rate than our regular certificate yield when you invest $100,000 or more, and a .05% higher rate than our regular certificate yield when you invest $50,000 or more. As with any certificate, there is a penalty for early withdrawal.
When rates increase, your interest earned can too. The MemberSource 12-month Step-Up Certificate allows you the unique opportunity to "step-up" your earnings one time during the certificate term if there's an increase in rates. What's more, your rate will never fall below the original rate at which you opened your account.
In addition to the satisfaction of making a smart money management decision, you'll enjoy the safety and security of a MemberSource investment because your deposits are fully insured up to $500,000. The first $250,000 is covered by the NCUA, an agency of the federal government and $250,000 by Excess Share Insurance.