SFCU Investment Accounts
Share/Savings Certificates
If you have a little money you don't need right away, a share certificate may
be just the thing. Our share certificates can be set up for $2,500 and with
terms as short as 3 months. For terms of 12 months or more, the minimum
requirement is $500. Terms are available for up to 60 months. All Share
Certificates earn Daily Dividends ,
which are paid and compounded monthly.
Individual Retirement Accounts
IRA's can help secure your financial future. They offer an excellent
tax-deferred investment. SFCU offers, the regular conventional IRA, as well as
the new ROTH and Coverdell Education Savings Accounts (ESA). Money invested in
any IRA can be deposited to IRA Share Certificates to earn higher dividends.
Click here to see details and a comparison between the three types of
IRAs. Be sure to seek competent tax advice about your specific IRA investments.
U S Savings Bonds
SFCU offers both EE Bonds and I Bonds. They can be purchased in either of our
branches. You can also set up Payroll Deduction or Direct Deposit to an account
at Summit Federal and have your Savings Bonds automatically issued. Each month
there is enough in the account to issue the denomination you have specified,
bonds are automatically issued and mailed to you. Savings bonds also make great
gifts. Click here
to find out what rate bonds are currently earning.