Through a variety of savings plans, Meadow Gold Employee’s Credit Union has developed many ways for you to save. Whether you’ve made short or long term goals, we’ve got the savings plan that fits your needs. Our competitive rates and terms will help you achieve financial stability. And, as always, your money is insured up to at least $250,000.00 by the National Credit Union Administration (NCUA), an agency of the federal government. This means security and safety for your accounts.
By opening a Share Savings account you become a member of the Credit Union. This account opens the door to all other services Meadow Gold Employee’s Credit Union offers. You can make deposits and withdrawals at any time while earning a competitive dividend. And better yet, this account works like a Money Market account. As your balance increases to the next tier, the higher your rate of return.
If you prefer to keep an individual account for Christmas, a vacation, taxes, insurance or any other specific purpose, this is the account for you. You get to decide what to name this account. While it works just like your share savings account, it keeps your money for those special purposes in a separate subaccount under your primary account.
Meadow Gold Employee’s Credit Union offers regular Certificates and IRA Certificates. Certificate terms vary from 6 months to 2 years. Generally, the longer you invest your money the higher the interest rate. A $1,000 minimum is required to open a Certificate and a penalty may apply for early withdrawal. Once the Certificate is opened deposits and withdrawals are not allowed.
If you want to earn a higher dividend but don’t have enough to start a regular Certificate account or want to add funds to your investment, this is the account for you. Like a regular Certificate, terms range from 6 months to 2 years. There’s no minimum balance to open the account and you decide on the minimum you want to deposit every month. It can be as little as $25.00 per month (that’s just $12.50 per pay period). The interest rate is slightly lower than a regular Certificate but you’ll have the flexibility to add to your investment. A penalty may apply for early withdrawal.
IRAs are still one of the smartest retirement investments available. IRAs are a secure way to save for the future. Whether retirement is in your near future or years away we can help you establish and manage a healthy retirement program. There are 3 different types of IRAs: Traditional, Roth and Education. All of which have a different tax benefit. IRA money can be invested in Certificates for a higher rate of return. Call the Credit Union for details.
Your savings Federally insured for up to $250,000 by the NCUA.