A Desert Schools Individual Retirement Account (IRA) Savings Certificate puts you in control of your retirement earnings. With competitive rates and flexible terms ranging from six months to five years, you lock in a rate and term that is comfortable for you – all with possible tax benefits.2 Whether you choose a Traditional or Roth IRA Savings Certificate,5 you can enjoy peace of mind knowing that your investment is secure. Automatic renewals at certificate maturity make this a low-maintenance investment in your future.
1 APY = Annual Percentage Yield. Rate shown is for a 5 year term and is effective January 27, 2016, subject to change without notice.
2 Consult your tax advisor regarding your individual tax situation.
3 Maximum annual contribution limits may apply to deposits made to retirement accounts. Consult a tax advisor for your maximum contribution limit.
4 Desert Schools' early withdrawal penalties may apply. The Internal Revenue Service may also impose a penalty for early withdrawals. Contact a tax advisor to determine if a penalty applies before making a withdrawal from an IRA.
5 Traditional IRA and Roth IRA have separate qualification criteria and tax implications. Consult a tax advisor to determine which IRA is right for your situation.
6 Insured by NCUA. All IRA and Roth IRA shares that an individual has in the same insured credit union are added together and the total is insured up to $250,000.