Certificates / IRAs

Share Certificates

A Share Certificate offers you the opportunity to earn interest and save money. Certificates have a higher yielding interest return rate than a Savings Account and avoid the risks of market-based investments with a secure certificate.

• Open with a $500.00 minimum deposit
• Share Certificates $100,000.00 and above earn higher dividends
• Flexibility in maturity terms

Certificates are designed to help build wealth for the future. Please note the following:

• After the account is opened, you may not make additions into the account until after the maturity date stated on the account
• Early withdrawals are subject to dividend penalties based on the qualifying period
• Less than 12 months – 90 days dividends
• 12 to less than 24 months – 180 days dividends
• 24 to less than 48 months – 365 days dividends
• 48 months and greater – 730 days dividends

Learn more about Share Certificates

Rates:

Share and IRA Certificate Terms for account balance up to $99,999.991	Dividend Rate	APY**
9 Month Special - Limited time offer available for new deposits only	4.784%	4.900%
Six months
1 year
2 years
3 years
4 years
5 years
Share and IRA Certificate Terms for account balance $100,000.00 plus1	Dividend Rate	APY*
9 Month Special - Limited time offer available for new deposits only	4.784%	4.900%
Six months
1 year
2 years
3 years
4 years
5 years

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**APY stands for Annual Percentage Yield. Dividend rates are in effect as of March 8, 2024 and subject to change without prior notice.
¹Any Share Certificate term and balance tier may be used to establish an Individual Retirement Account Certificate. Minimum balance is $500 for Share Certificates and IRA Certificates. IRA withdrawals before age 59 1/2 years of age are subject to certain IRS penalties.

Freedom Builder Share Certificate

This share certificate was designed so that you can save at your own pace. Open this certificate with as little as $100.00 and add to your balance as many times as you’d like without any minimum add-on deposit amount.

Wondering why you should open a Freedom Builder Share Certificate?

• The low minimum opening balance of $100.00, allows you to begin saving quickly whereas regular share certificates require a $500.00 minimum opening balance
• The competitive rate enables you to earn more interest than if the funds were in a regular Savings Account
• The short 1-year term allows quicker access to your funds, rather than locking it in for a longer term
• You can deposit funds to your certificate for any amount, at any time within the 1-year term. As your certificate balance increases, so do your dividends earned

Rates:

Terms	Dividend Rate	APY**
1 year

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IRA

Ensure the safety of your future retirement; don’t wait to open an Individual Retirement Account (IRA). Can’t decide between a Traditional or Roth IRA? See all the benefits a River City FCU IRA has to offer.

• No minimum balance requirement
• Earn annual percent yield
• Earn membership dividends

River City FCU offers several types of IRAs, including Traditional, Roth, Simplified Employee Pension (SEP) IRAs, and IRA Term Share Certificates. Traditional and Roth IRAs are among our most popular IRA offerings. Here are a few tips to help you choose the right IRA for you.

• Choose a Traditional IRA if you:
• Are eligible for this deduction
• Anticipate a higher tax rate while saving and a lower one during retirement
• Plan to withdraw at least the required minimum distribution amounts during retirement
• Aren’t concerned about tax implications to beneficiaries
• Choose a Roth IRA if you:
• Aren’t eligible for the Traditional IRA deduction or to contribute to it because of the age limit (70.5 years)
• Anticipate a lower tax rate while saving and a higher one during retirement
• Want to avoid the required minimum distribution amounts
• Are concerned about tax implications to beneficiaries

Individuals under 50 years old can contribute up to $6,000.00 every year; people 50 and over can contribute an additional $1,000.00 for $7,000.00 total. Contributions can’t total more than your annual compensation. Talk to your Tax Advisor for more information about annual IRA contribution limits.

Rates:

IRA Share Account	Dividend Rate	APY**
IRA Share (including Traditional, Roth, and SEP)

**APY stands for Annual Percentage Yield.
Dividend rates are in effect as of December 01, 2023, and subject to change without prior notice.
Minimum balance is $1,000 for Share Certificate and IRA.
Any Share Certificate term and balance tier may be used to establish an Individual Retirement Account Certificate.
IRA withdrawals before age 59 1/2 years of age are subject to certain IRS penalties.