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CD & Investments

Share Certificates of Deposit

 

A certificate of deposit is a great way to make your money work for you.   A certificate of deposit is a savings account with a specific term from 6 to 36 months with a higher rate of interest than a regular savings account.   A certificate of deposit can be purchased on their own as a single certificate, or you can have multiple certificates that mature at different times, which can make these a great tool as you build your savings plan. You can open a Share Certificate of Deposit with as little as $500.  Interest rates can vary dependent on terms from 6 to 36 months.  Certificates may also be used as collateral for a loan.

  • Interest is paid quarterly on the average daily balance. There is a penalty for early withdrawal.

IRA Savings Account

No matter what stage of life you are in, just starting out with your first job or hoping for retirement sooner rather than later, Missouri Central Credit Union has a retirement savings account to suit your needs. Our IRA Savings Account requires a small initial deposit of just $1, so everybody can get started on their retirement savings today. Withdrawals prior to age 59 ½ may incur an IRS penalty.

  • Interest is paid monthly on the average daily balance but subject to change monthly. 

IRA Share Certificates of Deposit

You can maximize your retirement savings with a Missouri Central Credit Union Share Certificate of Deposit. With some of the best interest rates available on any type of savings account, these allow you to reach your savings goals faster. You can open an IRA Share Certificate of Deposit with as little as $500.  Interest rates on certificates of deposit vary dependent on the term, from 6 to 36 months.  Withdrawals prior to age 59 ½ may incur an IRS penalty.

  • Interest is paid quarterly on the average daily balance.  There is a penalty for early withdrawal.