CDs and IRAs

Share Certificates of Deposit and IRAs are often important pieces of a sound savings strategy. Certificates require funds to remain in the account for a period of time and in return, pay a higher dividend rate than other savings accounts. Individual Retirement Accounts (IRAs) are key to tax management and are great saving tools for retirement and future planning.

Share Certificate of Deposit

MidUSA Share Certificate of Deposits pay high dividend rates as invested funds remain on deposit for a fixed period of time.

  • Minimum balance: $500
  • Dividends*: Calculated daily, paid quarterly
  • Available terms: 3 to 60 months

IRA Share Savings Account

MidUSA IRAs offer an ideal place to hold retirement savings funds when you are unsure of how you’d like to invest those funds long term. This account also allows for easy IRA and 401(k) rollovers. Our IRA options provide great flexibility and include Roth and Traditional IRA share accounts.

With four rate tiers, your account earns higher dividends as your balance increases. Withdrawals can be made at any time; however, if you make withdrawals before you reach 59½ years of age, you may incur tax-related penalties and tax consequences**.

  • Minimum balance: None
  • Dividends*: Calculated daily, paid quarterly
  • Service fees: $10 annual fee

IRA Share Certificate of Deposit

The MidUSA IRA Share Certificate of Deposit is a great way to provide fixed-rate diversification for your retirement. Invested funds remain on deposit for a fixed period of time, with terms ranging from 3 to 60 months. Withdrawals can be made at any time; however, if you make withdrawals before you reach 59½ years of age, you may incur penalties and tax consequences**. MidUSA Credit Union offers both Roth and Traditional IRA Certificates.

  • Minimum balance: $500
  • Dividends*: Calculated daily, paid quarterly
  • Service fees: None

 

 

 

All MidUSA CU share accounts are privately insured up to $250,000 per account by American Share Insurance (ASI).
* Member may forfeit dividends if account is closed before accrued dividends are credited to the account.
** See your tax advisor for details. Early-withdrawal fees can occur.