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Investment decisions begin with
knowing your options. At Marine Credit Union, we'll present you
with options you could use to make your goals a reality. We'll help
you see the big picture providing you with solutions to maximize your
future. Advantage will work with you to help you achieve your
financial independence.
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Certificate
of Deposit
A Certificate of Deposit earns dividends based on the opening balance and the
term invested. Marine Credit Union offers terms ranging from 3 to 60 months which allows members to earn
higher annual percentage yields.
A Certificate of Deposit is a great way to accumulate money for your
child’s education, retirement or vacations. Open your Marine
Certificate of Deposit today! Contact
us or a location nearest you.
Feel free to take a look at our dividend
rates.
Individual Retirement Accounts (IRA)
It’s never too soon to start saving . . .
Marine Credit Union Individual Retirement Accounts (IRA's) are designed to help you
build a more financially secure future and help you plan for your retirement.
As a customer, you have
three IRAs to choose from: Traditional, Roth or the Coverdell Educational Savings
Account (ESA). Which one is best for you?
Traditional IRA
is an account that allows you to defer taxes
on your earnings until they are withdrawn and certain contributions may be tax deductible
in the year they are made. New income limits for deductibility have made the Traditional
IRA an attractive savings vehicle.
Roth IRA
is a nondeductible account that features tax-free
withdrawals for qualified distributions. Earnings are tax free provided they’re
withdrawn as part of a qualified distribution, after a five-year holding period. The Roth
IRA provides greater distribution flexibility that allows you to work toward different
goals, such as a first home purchase or your child's college education.
Coverdell Education
Savings Account (ESA), formerly known as the
Education
IRA, is a nondeductible account that features
tax-free withdrawals for a very specific purpose, a child’s higher education
expenses. Distributions for qualified higher education reasons are penalty free and
tax-free. Contributions are limited to $2,000 per child, per taxable year.
Have you decided which IRA is best for you?
For more in-depth
information contact
us, or for specific tax information call a
certified tax advisor.
IRA’s are federally insured by NCUA up to
$250,000.
It’s never too soon to start saving for a financially secure
future. Invest today!
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