Certificates of Deposit (CDs)
One of the basic ingredients to a well-rounded plan is a Certificate of Deposit (CD) that gives you a guaranteed rate of return with terms ranging from six months to five years.
IRAs
A Traditional Individual Retirement Account (IRA) can be started with a low minimum balance requirement. Best of all, contributions may be tax-deductible, and earnings are not taxed until you withdraw your funds (see your tax advisor for details).
IRA CDs
An IRA CD is a low-risk option for your IRA. by locking in a higher-yield rate for the length of its term, which ranges from six months to five years.
Jumbo CDs and IRA CDs
Jumbo CDs and IRA CDs have greater earning power with higher rates than regular CDs. The minimum deposit for a jumbo CD is $100,000, with a range of terms from six months to five years.
Coverdell Education Savings Accounts
Coverdell Accounts give you tax advantages as you set aside funds for your child’s education.
1st Nvestor CD
With a deposit of only $10 a week ($40 monthly), the 1st Nvestor CD gives you the opportunity to jump-start a savings plan at higher deposit rates without the requirement of a large opening balance.
IRA e-Resource Center
Navigator Credit Union also provides an extensive collection of e-Brochures to help Members better understand Individual Retirement Accounts.
For a complete list of savings rates, click here.