Investments
Money
Market Account
Share Certificates
IRA Certificates
Healthcare Services Credit Union offers a wide variety of investment
opportunities to fit any budget. All deposits are federally insured
for up to $250,000 per member by the NCUA. Special terms, conditions
and penalties may apply. Each member will receive all required disclosures
statements which include various rules, terms, conditions and penalties
when investment accounts are opened or by contacting us at one of
our locations.
This is a great way to save at market rates but still have access
to your money. Whether you are saving for a particular purpose,
emergencies or a short term investment vehicle, this may be the
account for you.
- Unlike a certificate, withdrawals and deposits are allowed any
time you want
- Minimum balance to open this account is $2,500
- Maintain this balance and earn more than the regular Share (savings)
rate
- The more you save, the more your Share (savings) rate goes up.
Check out our rate sheet for more details.
This is an investment tool that holds your money for a specified
period of time and locks in your interest rate for the term of the
investment. There could be early withdrawal penalties with
the Credit Union. Full details are included in our disclosure statements.
- Terms range from 3 months to 24 months (2 years).
- Interest rate is fixed until maturity
- All share certificates require a $1,000 minimum deposit
- No additional deposits can be made once the certificate is opened
- Early withdrawal penalty
- Dividends are paid quarterly
- You will receive a renewal notice at least 10 days in advance
of the maturity date
- Automatic renewals are made using the current market rate
- Rates are based on the local market conditions. Check out our
rate sheet for more details.
An IRA certificate account is a certificate and IRA account combined.
You will earn higher dividends than a regular share account or IRA
accumulation account but your money is held till the certificate
matures at a set rate. There could be early withdrawal penalties,
wage restrictions and deposit restrictions with the IRS and the
Credit Union. Full details are included in our disclosure statements
or consult your tax advisor.
- Terms range from 3 months to 24 months (2 years).
- Rate is fixed until maturity
- All share certificates require a $1,000 minimum deposit
- Possible early withdrawal penalties with the Credit Union and
the IRS
- No additional deposits can be made to share certificates once
the certificate is opened
- Dividends are paid quarterly
- Rates are based on the local market conditions. Check out our
rate sheet for more details
- Low annual fee
- Transfers allowed from other IRA accounts or retirement plans
- New Roth and Coverdell Education Savings Accounts available
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