Consider opening an IRA!
While the market has plummeted, our deposit rates continue to increase.
We offer a variety of savings options —offering excellent yields and the security of NCUA deposit insurance. Our CD Bonus Rates have also been steadily increasing in sharp contrast to losses in the stock market. These rates also apply to any CD IRA you open!
18-Month CD: 2.25% + .25%* = 2.50% APY*
24-month CD: 2.50% + .25%* = 2.75% APY*
You can earn these superb rates — or ADD .25% onto the CD of your choice when you have our Checking Account.* Only a $500 minimum opening deposit is required. With current market losses, bring your funds to First United Credit Union!
An IRA is an excellent retirement planning tool — and a way to potentially reduce your taxable income today. You can make deposits with payroll deduction or deposit a lump sum into a CD IRA. IRA contribution limits for 2022 (traditional and Roth IRAs) remain the same: $6,000, with an additional catch-up contribution of $1,000 for those over age 50.
Remember, our CD Bonus Rates apply to all CD IRAs.
Please see your tax advisor for details on how an IRA can impact your financial situation.
Compared to the stock market, which can be riskier with no guarantee of earnings or even your principal investment, all deposits at First United CU are insured for up to $250,000 per account by the NCUA, an agency of the federal government. That means your funds are never at risk.
While the market is down now, it’s perfect timing to open an IRA or CD IRA at First United Credit Union. Please view our current rates and terms, and see which account fits your needs. You’ll earn more for your money — without the ups and downs of the stock market.