Share Certificates

SHARE CERTIFICATES / MONEY MARKET ACCOUNT

The First Abilene FCU Money Market is an insured investment account that allows members to earn higher dividends as their balances grow. For a higher rate of return on your money, a Money Market Account is a smart option.

  • • Minimum balance of $1000.00
  • • Three check or counter withdrawals per month at no charge
  • • Dividends are calculated daily, paid monthly
  • • Unlimited deposits permitted
  • • Bonus rate on CD’s
  • • No monthly service fee

 

TERM SHARE CERTIFICATES (CERTIFICATE OF DEPOSIT)

Investment-minded members can take advantage of a variety of high-yield certificates. Generally, a certificate earns you more because you agree to deposit a specific amount of money for a specific time period in exchange for a higher interest rate.

  • • Minimum balance of $1000.00
  • • 3,6,12 and 24 Month terms available
  • • Dividends paid monthly or at maturity
  • • Automatic renewal
  • • Competitive rates

 

INDIVIDUAL RETIREMENT ACCOUNTS – IRAs

At different stages in your life, you face different financial needs. Whether you want to start saving for your future, avoid taxes on a pension plan payout, or protect a lifetime of savings, an IRA at First Abilene FCU may be the right solution. Besides flexibility, IRA’s offer advantages over other savings options, such as the opportunity for tax-deductible contributions or tax-free earnings.

Consolidate Your IRA Funds!

With a direct transfer of your retirement funds into an IRA at First Abilene FCU, you can maximize the security of your savings as retirement nears. Consolidation also allows you to perform all of you IRA transactions in one place, working one-on-one with helpful staff.

Avoid Financial Loss from a Pension Plan Payout!

Changing jobs or retiring early often leads to a payout from your pension plan. If you take a lump-sum payment directly from your plan, 20% of it will be withheld for federal taxes. With a direct rollover of your payout to a credit union IRA, you can avoid income taxes as well the 10% early distribution tax on most withdrawals if you are under age 59 1/2.

TRADITIONAL & ROTH IRAs / COVERDELL SAVINGS ACCOUNTS

  • • Minimum balance of $100.00
  • • Dividends paid quarterly on balances over $100.00
  • • No maturity date
  • • Variable rates
  • • Rate may change after account is opened

 

See RATES for current interest rates!