This savings is for Individual Retirement Accounts. IRA's are regulated by the Federal Government to promote savings for retirement. The money deposited or withdrawn may or may not be taxed, depending on the type. Share Certificates Also known as Certificates of Deposit, these are a contract savings plan. Member agrees to leave money on deposit for a particular period of time and we agree to pay them a higher rate than our share account for knowing how long we will have the money.
Penalties apply for early withdrawal.
No changes can be made to a certificate during this time period. Same as the above Share Certificates , but under Individual Retirement Account. In accordance with Reg. Funds from electronic direct deposits will be available on the day we receive the deposit.