IRA Shares and CDs

Save for the long-term. Whether you’re looking for a Traditional IRA to defer taxes until you’re retired, or the benefit of a Roth IRA for a tax-deferred return on investment. We have the solution to fit your needs.

Key Features

  • No monthly fee
  • Earns interest

Key Benefits

  • Earnings grow tax deferred for a Traditional IRA account until withdrawn
  • Traditional IRA’s offer fully deductible contributions
  • Earnings are tax free if the account has been open for 5 years with qualified reason on a Roth Account
  • Contributions can be withdrawn at any time tax and penalty free
  • The Roth does not require distributions after age 70 ½t

Requirements

  • Must be a Telco member
  • Anyone who has earned income from compensation
  • Unless member is doing an IRA rollover or doing a direct transfer from another financial institution, the maximum amount of contributions is set if age 50 or older
  • Minimum deposit amount for a CD is $1,000.00

Share Accounts

TypeRateAPY
Share Savings.01.01
IRA.01.01
Checking.00.00
Money Markets.05.05

Certificates

MonthsRateAPY
64.754.85
124.905.01
184.804.91
242.802.84
302.352.38
482.502.53
602.552.58