Share Certificates (CDs)
Want to watch your savings grow more? With a GKCU Share Certificate (CD) you can plant your money a little while longer and feed it with higher interest rates until it you need it. Minimum deposits for Share Certificates is $500 and terms can range from 3 months to five years, based on your needs. Dividends on all certificates are compounded and paid monthly. You can also use your Share Certificate as collateral for a loan. Early withdrawals from Share Certificates are restricted and can result in penalties.
Individual Retirement Accounts (IRAs)
You’ve planned. You’ve worked hard. You’ve saved. Your nest egg should be enjoyed. After a lifetime of working to provide for your family, an Individual Retirement Account (IRA) is the perfect way to provide for your family during retirement too. Talk with a GKCU employee to start growing your nest egg today. Contributions are tax - deferred until you retire at age 59 ½ when withdrawals can start to be taken (early withdrawal can result in penalties). Types of IRAs include: Traditional and Roth. *All Share Certificates and IRAs are federally insured up to $250,000, separately from other accounts.