Certificates of Deposit and IRAs
Deciding on the right investment product for your future can be challenging. Liberty First is here to help you navigate through the options and find the right investment strategy for you.
Certificates of Deposit
If you are looking for a secure way to earn predictable interest then consider a Certificate of Deposit (CD). These investments allow you to pick your term while maximizing your earnings.
If you are ready to set aside money you don’t need right away, let’s get started. Many Certificates can be opened with as little as $500 and terms range from 3 months to 5 years. Check out our deposit rates and pick what best fits your investment plan. Then give us a call, or stop by to open your CD and start saving for your future.
Individual Retirement Accounts (IRAs)
It’s never too early to begin saving for a secure retirement. We can help you to safely achieve your retirement goals with our Roth, Traditional and Education IRA plans. Your principal is insured up to $250,000 by the NCUA, a U.S. Government agency. This is in addition to the $250,000 of NCUA insurance provided on your share savings, money market share, and share certificates.
Clarify Your IRA Knowledge
The Roth IRA allows you to invest after-tax dollars now, receive the growth of tax-deferred earnings, and have the principal amount tax-free when you take distributions. Plus, your tax-deferred earnings can become tax-free if the account is open for a minimum of 5 years and one of the following events occurs: you are age 59 ½, purchase a new home, disability, or death. Roth IRA funds may be withdrawn penalty-free, for college education expenses, or for the purchase of your first home. In both cases, the funds may be used by the IRA owner, spouse, child or grandchild. (Withdrawals prior to investment maturity may be subject to bank penalty.) A spouse may open a Roth IRA, even if the other spouse participates in an employee-sponsored retirement program. Check with a Member Service Representative for details on current income eligibility requirements.