Personal Banking

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 three (3) 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  • Dividends may be withdrawn or transferred to almost any FRMCU account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