Personal Investments

The most powerful way to build wealth is to put your money to work, making you money. Red Crown offers Certificates and IRA accounts to help set you up for a successful financial future.

Certificates

If you are trying to build a nest egg or save for retirement, we can help you determine the best savings solution for your needs. Certificates offer you the convenience of flexible terms and the security of federal deposit insurance provided by NCUA.

Competitive dividend rates compounded daily
Fixed terms range from 3 months to 4 years
Low minimum opening balance of $500.00
Penalties apply for early redemption of certificate funds other than dividends

IRA Accounts

IRAs are no longer just savings plans to supplement your retirement needs. Sometimes retirement money can be used for a first-time home purchase or even qualified college education expenses.*

Traditional IRA

A Traditional IRA is an individual retirement arrangement in which you can make a pre-tax contribution.

Features:

Long term savings
Flexible contribution amounts
Earnings are tax-deferred

Eligibility:

No age requirement
Taxable earned income

Roth IRA

A Roth IRA is an individual retirement arrangement where your money grows tax-free.

Features:

Long term savings
Flexible contribution amounts
Qualified distributions are tax-free

Eligibility:

No age requirement
Taxable earned income

Coverdell Education Savings Account (ESA)

A Coverdell Education Savings Account (ESA) allows you to save for a child’s future. Your money will grow tax-free. Tax-free withdrawals can be made for qualified education expenses.

Features:

Long term savings
Limited contribution amounts
Tax-free

Eligibility:

Beneficiaries must be under the age of 18 years old

*For tax information and guidance, please contact a tax professional.

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