CDs and IRAs
Here’s a sure way to have money when it is needed. In fact, with Certificate of Deposits (CDs) and Individual Retirement Accounts (IRAs), your money will grow at a healthy rate with our generous dividend rates.
Certificates of Deposit
- Available in terms of six (6) to sixty (60) months
- Minimum balance of $500.00
- Dividend rate higher than a Regular Savings Account
- Fixed rate for term of deposit
- Dividend rate is compounded monthly and paid monthly
- Dividends may be withdrawn or transferred to almost any FRMCU account
- Renewed automatically at the end of a seven (7) calendar day grace period
- May be pledged as collateral
Individual Retirement Accounts
Putting a sound fiscal plan in place is the best way to secure your financial future. Opening an Individual Retirement Account is an essential component of this plan. With a low opening deposit your money will grow while being protected, assuring you of a desirable lifestyle when you retire. Talk to one of our knowledgeable IRA counselors. They will get you going and answer any questions you may have.
- Traditional IRAs
- Roth IRAs
- Education IRAs
- Available in terms of six (6) to sixty (60) months
- Minimum balance of $500.00