Investments
Certificates of Deposit & IRA Certificates
What is a Certificate of Deposit?
A Certificate of Deposit (CD) and is an insured investment that allows you to earn a guaranteed rate of interest for a specified period of time, called the "term."
Why Should I Open One?
As you are agreeing not to touch that money for the term of the Certificate, you will typically earn a higher rate of interest than you would in a regular savings account or money market. Generally, the longer the term, the higher the rate.
Certificate of Deposit Rates
Effective Date: December 19, 2024
| Account Type | $500 & up APY** | $10,000 & up APY** |
|---|---|---|
| 03 months | 2.75% | 3.00% |
| 06 months | 3.50% | 4.00% |
| 12 months | 3.50% | 4.00% |
| 24 months | 3.25% | 3.50% |
| 36 months | 3.25% | 3.50% |
| 48 months | 3.25% | 3.50% |
| 60 months | 3.40% | 3.65% |
| Minimum Share Certificate Balance: $500 and $10,000. Interest is compounded monthly. Penalty for early withdrawal. Fees could reduce the earnings on account. For a complete list of potential fees associated with these accounts, click here. Rates are guaranteed for the specific term, based on the date of issue. Rates are subject to change without notice. | ||
Money Market Savings Accounts
Watch Your Money Grow
If you are looking for a safe and liquid investment account with competitive earnings, ICCU’s Insured Money Market Savings Account is a great option! The tiered rate structure allows you to earn increasingly more as your balance grows.
Schedule an appointment to talk to us about your savings options!
Money Market Savings Account Rates
Effective Date: December 1, 2024
| Account Type | APY** |
|---|---|
| $0 to $1,999.99 | 0.00% |
| $2,000 to $24,999.99 | 1.10% |
| $25,000 to $49,999.99 | 1.30% |
| $50,000 to $99,999.99 | 1.70% |
| $100,000 to $249,999.99 | 2.30% |
| $250,000 to $499,999.99 | 2.50% |
| $500,000 and up | 3.00% |
| $2,000.00 minimum balance required. Interest is compounded and credited monthly. Limited to six automatic debits, no more than three by check per month. No annual maintenance fees. Rates are subject to change at any time. | |
Individual Retirement Accounts (IRA)
Plan for Your Future
The sad reality is that people spend more time planning their vacation than they do the 20-40 years they will spend in retirement. We want to help!
ICCU offers Traditional and Roth Individual Retirement Accounts (IRAs) in savings accounts and certificates of deposit.
A Traditional IRA may make sense if you:
Are eligible for a Traditional IRA deduction
Are not eligible to contribute to a Roth IRA
Anticipate a higher tax rate while saving
Anticipate a lower tax rate during retirement
Are interested in taking required minimum distribution (RMD) amounts during retirement
Are not concerned about tax savings or beneficiaries
A Roth IRA may be more fitting if you:
Are not eligible for a Traditional IRA deduction
Anticipate a lower tax rate while saving
Anticipate a higher tax rate during retirement
Want to avoid required minimum distributions
Are concerned about tax savings for beneficiaries
Are not eligible to contribute to a Traditional IRA because of the age limit
Schedule an appointment with us to start planning for your retirement!
IRA Savings Rates
Effective Date: December 1, 2024
| Account Type | APY** |
|---|---|
| IRA Savings Account | 0.50% |
| No minimum balance or minimum deposit requirement. No annual maintenance fees. Earnings could be reduced by fees. Rates are subject to change without notice. This information is not intended to provide tax advice. See a competent tax advisor to help you determine which type of IRA best suits your needs. |
|
Financial Planning
Total Investment Planners, Inc.
As an ICCU member, you have access to financial planning and investment options through our long-standing strategic alliance with Total Investment Planners, Inc., of Mt. Pleasant. For more than 20 years, the financial advisors at Total Investment Planners, Inc. have helped members of ICCU and their families pursue their financial goals through comprehensive financial and investment planning.
Free Consultation: ICCU member-owners are invited to a free, no-obligation consultation through a partnership with ICCU and Total Investment Planners, Inc. Please schedule a meeting at Total Investment Planners, Inc. by calling their office at (989) 772-5253.
Terrie Zitzelsberger, CFP® • Chad Zitzelsberger, RFC
Securities offered through LPL Financial, Member FINRA / SIPC. Financial planning offered through Total Investment Planners, Inc., a Registered Investment Advisor and a separate entity from LPL Financial. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured Isabella Community Credit Union deposits, and are not NCUA Insured. These products are not obligations of ICCU and are not endorsed, recommended, or guaranteed by ICCU or any government agency. The value of the investment my fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.
Isabella Community Credit Union and Total Investment Planners, Inc. are not registered broker/dealers and are not affiliated with LPL Financial.
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: MI, AZ, CO, FL, IL, IN, MN, MO, NC, ND, NE, NM, NV, OH, PA, SC, TX, VA, VT, WI