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IRAs and Certificates

For your longer-term savings goals, including a stable retirement.

Whether you’re saving for retirement, your child’s college education, or another long-term goal, our IRAs and certificates offer higher returns and the flexibility you need. We offer two types of IRAs, Certificates of Deposit (CDs), and Coverdell Educational Savings Accounts.

Compare Products

  • Best if you want

    Best if you want

  • Minimum balance

    Minimum balance

  • Annual fee

    Annual fee

  • Options and perks

    Options and perks

Save to Win


  • Best if you want

    A 12-month share certificate that offers the chance of a cash prize for every deposit you make.

  • Minimum balance

    No Minimum balance

  • Annual fee


  • Options and perks

    For every $25 you deposit, you increase your chances to win a cash prize.

Certificate of Deposit (CD)


  • Best if you want

    To save a high balance without needing immediate access to your funds. 

  • Minimum balance

    $500 ($100 for members 0-23 years of age)*

  • Annual fee


  • Options and perks

    Available at terms of six months to five years.

Traditional IRA


  • Best if you want

    To save long-term and make tax-deductible contributions.

  • Minimum balance

    No Minimum Balance

  • Annual fee


  • Options and perks

    Your contributions may be deducted from your taxable income, reducing the income taxes you pay now.

Roth IRA


  • Best if you want

    To save long-term with tax-free earnings.

  • Minimum balance

    No Minimum balance

  • Annual fee


  • Options and perks

    Your contributions aren’t tax-deductible, but your earnings are tax-free under certain conditions.


IRA Type


Basic Savings IRA

0.20% / Dividend Rate - 0.20%

Rates effective as of April 3, 2023

*Annual Percentage Yield. DIVIDENDS are declared and paid monthly and calculated on the average daily balance.


Certificate Term

Dividend Rate


Min. Balance **

6 Month Certificate




12 Month Certificate




12 Month Save To Win Certificate




13 Month Special ***




18 Month Certificate




24 Month Certificate




26 Month Add-on Certificate




30 Month Bump-Rate Certificate




36 Month




48 Month Certificate




60 Month Certificate




Rates effective as of June 1, 2023.

* APY = Annual Percentage Yield.

IRA Certificates are available for all terms excluding Save to Win Certificates and Specials

General Conditions:

Rates. Certificate rates are subject to change on Tuesday morning of each week; special rate offers are subject to change at any time. The Dividend Rate and Annual Percentage Yield on your accounts are set forth above.  The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.  The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity.  A withdrawal will reduce earnings. Edge Certificate rates only available to members 0-23 years of age.  Certificate RATES remain fixed for the term of the certificate, excluding Bump Rate certificates. Save to Win certificates are only available to members age 18 and above.

Dividends.  Dividends are paid from current income and available earnings after providing for the required reserves.  The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.

Crediting.  Dividends will be credited quarterly.  Once credited, dividends may be withdrawn without penalty.  (IRA accounts and Save to Win certificates may be subject to other restrictions, see agreements for details.) 

Balance.  The minimum balance required to open each certificate is set forth above.  Dividends are calculated by the Daily Balance method, which applies a daily periodic rate to the principal. After your account is opened you may not make additional deposits to your account, except for Add-On Certificates and Save to Win Certificates.  Additional deposits of $500.00‡ or more are permitted at any time during the initial term of the Add-On Certificates and additional deposits of any amount to Save to Win Certificates. Making additional deposits will not change the maturity date or other terms of the account. If the Add On Certificate or Save to Win Certificate is set to automatically renew, the Add On feature will continue for any renewal term

Accrual of Dividends.  Dividends will begin to accrue on cash or noncash deposits (e.g. checks) on the business day you make the deposit to your certificate.

Maturity.  Your account will mature on the maturity date set forth on your Certificate Disclosure Statement.  Certificates, excluding specials, have an automatic renewal feature at maturity.

Penalties.   There are substantial penalties for early withdrawal of certificate funds.  Early withdrawal of certificate funds is subject to a penalty of one half of the interest that would be earned over the original term of the certificate.  The penalty is calculated on the amount withdrawn. Save to Win Certificates are subject to distinctive penalty rules.

** Wherever $500 is stated, $100 applies for members 0-23 years of age.   Please refer to your certificate disclosure form for specific details. 

*** Excludes funds already on deposit with PCU & IRAs. Offer expires no later than 06/30/2023


Win or Lose I have a Savings Account

“Save to win is a really cool tool to use. I’ve had one for a couple years now, and I’ve won the cash prizes twice. But the best part is at the end of the contest, win or lose I still feel like a winner because I have a larger savings account than when I started. It pays to save!”

I Just Feel Comfortable

“I love this place, from the customer service to the warm personal attention. I feel so comfortable when I come in to talk about my finances.”

Helpful Details

Wealth Management

Meet with one of our CFS financial advisors to chat about your goals and create a retirement strategy plan that works for you.


IRS Information About IRAs

Learn more about contribution limits, deductions, tax advantages, and withdrawal restrictions.


FAQs and Tips

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.

A CD is a certificate of deposit. CD’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 CD 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!

Penalties can apply for withdrawing money before the maturity date.

Quick Tip

When rates are low, stick to short terms.

This way you won’t be stuck to a low performing rate if they increase. As the rates get higher, you can feel more confident lengthening the term so you will make more money over time. Transcript


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IRA Certificates are available for all terms excluding Save to Win Certificate and Specials.

* Wherever $500 is stated, $100 applies for Members 0-23 years of age.

Rates and terms are subject to change without notice. All rates quoted refer to Annual Percentage Yield (APY). Earned dividends are paid on entire balance in the account. Accounts, other than certificates, must remain open to the end of the dividend period to be paid dividends. Fees and charges may apply (and may reduce earnings) on the above accounts, please refer to the Fee Schedule for details. The Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings after providing for the required reserves and cannot be guaranteed. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. Dividends will begin to accrue on the business day the deposit is made to your account. You may make unlimited withdrawals or transfers in person, by mail, or at an automated teller machine, or by telephone with a check mailed to you. NCUA – Your savings insured to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration, a U.S. Government Agency.

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