IRAs & Certificates
Penalties can apply for withdrawing money before the maturity date.
A share certificate is a type of deposit. Certificate’s are a low risk investment in which you are paid interest quarterly to keep funds on hold in your account for a set term. Our Certificate terms vary from 6 months to 5 years. Each term has a different dividend rate for you to earn from the funds on hold. Because the funds are on hold, it is not easily accessible to spend; making it a good way to save!
An “Individual Retirement Account” is a type of savings account that provides tax benefits to help you save for retirement. Anyone with an income can open an IRA.
Personal Savings
Yes, you’re allowed to take one withdrawal from your Save to Win account in the 12-month period. A $25 withdrawal fee may apply.
A savings account is how Peninsula Credit Union establishes your membership with the credit union. A $5 balance is required to open and maintain the account. After establishing your savings account the full account suite is available for your utilization as a member/owner.