Park your funds and help them grow
Earn more on money that you don’t need immediate access to with our secure, high-rate Certificate. You can open a Certificate with as little as $500 and park your money to lock in your rate for a fixed period of time.
Save more in the short-term with a Certificate
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Higher annual yield
Certificates offer a higher APY than regular savings for money you won’t need right away.
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Fixed rate
Build your savings confidently with a guaranteed rate of return.
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Dividend withdrawal
Dividends on our short-term Certificates are compounded and credited monthly and can be withdrawn without penalty.
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Peace of mind
A Certificate is federally insured, up to $250,000, and is one of the safest, most secure investments you can make.
|
Term |
Minimum Balance to Earn APY |
APY |
|---|---|---|
|
APY = annual percentage yield, effective as of 8/30/2024 and reflects the current minimum APY offered. |
||
|
Term 6-month |
Minimum Balance to Earn APY $500 |
APY 4.65% |
|
Term 1-year |
Minimum Balance to Earn APY $500 |
APY 4.25% |
|
Term 2-year |
Minimum Balance to Earn APY $500 |
APY 2.27% |
|
Term 3-year |
Minimum Balance to Earn APY $500 |
APY 2.27% |
|
Term 4-year |
Minimum Balance to Earn APY $500 |
APY 2.27% |
|
Term 5-year |
Minimum Balance to Earn APY $500 |
APY 2.27% |
Add to your retirement portfolio with an IRA Certificate or Savings
An individual retirement account certificate (IRA Certificate) is an IRA that is invested in a Certificate. It’s a great way to start your retirement savings or preserve your nest egg with a secure investment. Explore the IRA options and earn the same Certificate rate on any option. Consult with your tax advisor for more information.
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A good choice if you:
A good choice if you:
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Tax deductible contributions
Tax deductible contributions
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Tax considerations
Tax considerations
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Minimum distribution
Minimum distribution
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Rollover options
Rollover options
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Contribution limits
Contribution limits
Traditional IRA
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A good choice if you:
Want to make contributions that may be tax-deductible and dividends that are tax-deferred.
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Tax deductible contributions
Contributions you make to Traditional IRAs offered by VSECU may be tax deductible.
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Tax considerations
Taxes on Traditional IRA earnings may be deferred until retirement.
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Minimum distribution
Distributions are required when you reach retirement age.
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Rollover options
You can roll an employee-sponsored retirement plan into your an IRA.
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Contribution limits
Contribution limits are updated annually.
Roth IRA
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A good choice if you:
Are younger or expect to be in a higher tax bracket when you retire.
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Tax deductible contributions
Contributions are not tax-deductible but could be eligible for a tax credit under certain circumstances.
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Tax considerations
Early qualified distributions from your VSECU Roth IRA are allowed.
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Minimum distribution
Minimum distributions are not required when you reach retirement age.
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Rollover options
You can roll an employee-sponsored retirement plan into your an IRA.
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Contribution limits
Contribution limits are updated annually.
Education IRA
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A good choice if you:
Are a Vermont parent looking to help fund your child(ren)’s or grandchild(ren)'s future education.
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Tax deductible contributions
Contributions are not tax deductible.
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Tax considerations
Qualified withdrawals made from Education IRAs are not subject to taxes.
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Minimum distribution
Funds must be used by the time a student is age 30 or taxes, fees, and penalties will accompany withdrawals.
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Rollover options
You cannot roll an employee-sponsored retirement plan into an Education IRA. However, you can transfer funds to the account.
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Contribution limits
Up to $2,000 per beneficiary can be contributed to the Education IRA per year for children under age 18.
|
Term |
Minimum Balance to Earn APY |
APY |
|---|---|---|
|
APY = annual percentage yield, effective as of 8/30/2024 and reflects the current minimum APY offered. The IRA Savings account requires a minimum balance of $5 to open the account. |
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|
Term IRA Savings |
Minimum Balance to Earn APY None |
APY .20% |
|
Term 1-year certificate |
Minimum Balance to Earn APY $500 |
APY 4.25% |
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Term 2-year certificate |
Minimum Balance to Earn APY $500 |
APY 2.27% |
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Term 3-year certificate |
Minimum Balance to Earn APY $500 |
APY 2.27% |
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Term 4-year certificate |
Minimum Balance to Earn APY $500 |
APY 2.27% |
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Term 5-year certificate |
Minimum Balance to Earn APY $500 |
APY 2.27% |
Open an account
Interested in a short-term Certificate? You can open one online now. Because of the complex nature of IRA Certificates, you will need to speak to a member service consultant to learn which type of IRA best serves your needs. IRA Certificates cannot be opened online.
Disclosures
- 1
- – Fees may reduce earnings.
- 3
- – Early withdrawal penalties may apply to certificates.