Certificates of Deposit (CDs)

Certificates of Deposit (CDs) are funds that you deposit for a certain period of time and earn a higher yield than a savings account. Some benefits/requirements are:

  • Minimum deposit of $500.00 to open
  • Flexible terms from six months to two years
  • Dividends paid monthly
  • A penalty for early withdrawal may apply

IRAs

A comfortable retirement, for many of us, will require that we set goals and begin saving today. Meridian Credit Union offers both Traditional and Roth IRAs. Some benefits are:

  • Dividends paid monthly
  • Contributions may be made by regular deposits to an IRA Savings or by lump sum to an IRA Certificate
  • Earn higher yield with IRA Certificate
  • Early withdrawal penalty may apply