Offers a Great Rate, Tax Benefits, and Security.
Let’s take a look at the multiple benefits of an IRA CD Special.
You get a great rate. You’ll be earning 2.70% APY1on a 40-Month IRA CD Special.
A CD is a much safer option than most other options. You get a guaranteed rate of return for a specific amount of time and your savings are protected by the NCUA up to $250,000. And Avadian goes even further, offering additional insurance coverage of up to $250,000 through Excess Share Insurance Corporation, a licensed insurance company.
And that’s before you even consider the tax advantages associated with an IRA:
With a Traditional IRA CD, the interest earned is tax-deferred until withdrawn and contributions to the account are tax-deferred up to the limits specified by the IRS.
A Roth IRA CD is a non-tax-deductible IRA that allows tax-free withdrawals of earnings after a five-year period (and even inside five years in certain circumstances, like a first-time home purchase or if you're older than age 59½). However, you cannot deduct contributions from your current income for tax purposes.
Just ask your tax advisor if an IRA CD is right for you.
1APY=Annual Percentage Yield. Rates shown are accurate as of April 8, 2019. Minimum opening deposit of $1,000 is required. To open a Traditional IRA CD, you must have earned income and be under the age of 70½ unless you are transferring the funds from another institution. To open a Roth IRA CD, you must have earned income and be under the income limits set by the IRS.The CD special automatically renews for another term at rate in effect at that time. Penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. May not be combined with other specials or discounts. Offer not available on business accounts.
This credit union is federally insured by the National Credit Union Administration.
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.