Foothills Credit Union offers numerous kinds of investment/saving accounts which include Money Market, Share Certificate, and IRA accounts. You work hard for your money, now is the time to let your money work hard for you.

 

MONEY MARKET

The Money Market Account provides you a higher rate of return than a typical savings account, but does not lock you into a set term like Certificates of Deposit.
  • A $1,000 minimum is required to open and maintain the account
  • Tiered Accounts starting at $1000, $10,001, $25,001 & $50,001
  • Up to three withdrawals each month at no charge
  • Dividends paid quarterly & statements are mailed quarterly
  • Federally insured to at least $250,000 by the NCUA

Money Market Rates

 

Dividends are not payable (on Share accounts) until declared and unless current and undivided earnings are available after required transfers to reserves at the close of a dividend period. Dividend rates will be adjusted at the discretion of the Board of the Credit Union and can be adjusted at any time. The credit union has the following Variable Rate accounts: Share Savings, Share Draft Checking, Money Market Share, and IRA Share Accounts. Variable rate accounts have no rate change limitations. The Dividend period is quarterly and the frequency and compounding of dividends is quarterly. Account fees could reduce earnings. Annual Percentage Yield rates are based on the assumption that Interest is paid to principle, there are no early withdrawals from CDs prior to maturity and CDs are renewed at maturity. Withdrawals of principle from CDs prior to the maturity date will be assessed a penalty of (90) days worth of interest. Ask an employee for further information about the fees and terms applicable.

Foothills Credit Union offers numerous kinds of investment/saving accounts which include Money Market, Share Certificate, and IRA accounts. You work hard for your money, now is the time to let your money work hard for you.

 

CERTIFICATE OF DEPOSIT (CD)

A Share Certificate is a low-risk investment opportunity available with a variety of terms and competitive yields higher than a normal Savings (Share) account.
  • Low minimum deposit of $1000.00
  • Terms range from 6 months to 5 years
  • A fixed rate at a fixed term
  • Dividends paid quarterly
  • Dividends can also be deposited back into the certificate of deposit, savings account, or checking account. 
  • Upon maturity, certificates are renewed automatically for the same term at the current market rate unless otherwise notified by the member
  • Federally insured to at least $250,000 by the NCUA

Certificates of Deposit Rates

 

Dividends are not payable (on Share accounts) until declared and unless current and undivided earnings are available after required transfers to reserves at the close of a dividend period. Dividend rates will be adjusted at the discretion of the Board of the Credit Union and can be adjusted at any time. The credit union has the following Variable Rate accounts: Share Savings, Share Draft Checking, Money Market Share, and IRA Share Accounts. Variable rate accounts have no rate change limitations. The Dividend period is quarterly and the frequency and compounding of dividends is quarterly. Account fees could reduce earnings. Annual Percentage Yield rates are based on the assumption that Interest is paid to principle, there are no early withdrawals from CDs prior to maturity and CDs are renewed at maturity. Withdrawals of principle from CDs prior to the maturity date will be assessed a penalty of (90) days worth of interest. Ask an employee for further information about the fees and terms applicable.

Foothills Credit Union offers numerous kinds of investment/saving accounts which include Money Market, Share Certificate, and IRA accounts. You work hard for your money, now is the time to let your money work hard for you.

 

INDIVIDUAL RETIREMENT ACCOUNT (IRA)

An IRA Account is a great tool for building that retirement nest egg or for an education fund. Even if you already invest in your company’s 401(k) plan, an IRA provides additional security. Foothills Credit Union offers Traditional, Roth, and Educational IRA’s. These can come in 2 forms; IRA Share Account or an IRA Certificate Account. All IRA’s are federally insured to at least $250,000 by the NCUA, this insurance is in addition to the Federal insurance on your checking and/or savings account with the credit union.

 

IRA SHARE ACCOUNT

  • Low minimum balance of $100 to open the account.
  • Can accept deposits throughout the year, rules apply see below.
  • Dividends are paid quarterly.
  • Once account reaches $1000 you have the option to roll into a IRA Certificate of Deposit Account.
 

IRA CERTIFICATE OF DEPOSIT ACCOUNT

  • Minimum balance of $1000 to open the account.
  • A fixed rate at a 1 year term.
  • Dividends are paid quarterly.
 

Traditional IRA: This is a tax-deferred savings option which allows individuals to contribute pretax income to the account, up to certain annual limits. Your contributions and earnings will not be taxed until the Money is withdrawn.

 

Roth IRA: This is a tax-exempt savings option which allows individuals to contribute post tax income to the account, up to certain annual limits. Funds left in the Roth IRA for at least five years and withdrawn after age 59 1/2 will not be taxed, no matter what your tax bracket or income level. Also, unlike a traditional IRA, you do not have to start withdrawing money after you reach age 70 1/2.

 

Education Savings Account: The Education Savings Account IRA helps you save for your children’s education. $2000 may be contributed annually per child. Your funds may be withdrawn, tax free, for higher education purposes. Deposits must be made before the student turns 18 & disbursed by age 30.

 
 

Dividends are not payable (on Share accounts) until declared and unless current and undivided earnings are available after required transfers to reserves at the close of a dividend period. Dividend rates will be adjusted at the discretion of the Board of the Credit Union and can be adjusted at any time. The credit union has the following Variable Rate accounts: Share Savings, Share Draft Checking, Money Market Share, and IRA Share Accounts. Variable rate accounts have no rate change limitations. The Dividend period is quarterly and the frequency and compounding of dividends is quarterly. Account fees could reduce earnings. Annual Percentage Yield rates are based on the assumption that Interest is paid to principle, there are no early withdrawals from CDs prior to maturity and CDs are renewed at maturity. Withdrawals of principle from CDs prior to the maturity date will be assessed a penalty of (90) days worth of interest. Ask an employee for further information about the fees and terms applicable.