Share and IRA Certificates

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Share certificates are a good way to save and earn money over time. Kings Federal Credit Union offers both share certificate accounts and certificate Individual Retirement Accounts (IRAs).

Terms are available for 3, 6, 12, 18, 24 or 36 months for Share Certificates and 6, 12, 24, 36 months for IRA Certificates. The minimum deposit amount is $1,000 for Share Certificates and $500 for IRA Certificates. At the certificate’s maturity, it can be cashed, transferred to another account or automatically renewed based on your choice. Early withdrawal penalties do apply.

IRA Certificates

Kings Federal Credit Union also offers both Roth and Traditional IRAs. Roth IRAs are after-tax investments with no deductible contributions. Account earnings are tax-free for qualified distributions and may be used for retirement. Contributions must be made by April 15 (or the next business day if April 15 falls on a weekend or holiday) for the previous tax year. The maximum contribution amount depends on the member’s age and modified adjusted gross income.

Traditional IRAs are available to any individual under age 70 with earned income.