Workers Credit Union

Certificate of Deposits & IRA's

Certificate of Deposit Account

Open a certificate of deposit account at Workers' Credit Union, and lock into our highest savings rates.

• Open a certificate account with as little as just $500
• Certificate terms range from 3 months to 5 years
• Dividends are compounded daily and paid monthly for certificates with terms of one year or more

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Traditional IRA

A Traditional IRA is a tax-advantaged financial vehicle that allows earnings and deductible contributions to grow tax-deferred. That means you don't pay income taxes on the earnings and deductible contributions of your IRA until you begin taking withdrawals, usually after you retire and possibly when you are in a lower tax bracket.

Workers' offers IRA products to help you satisfy your retirement needs. Just call or stop by any of our branches and speak to a Financial Services Representative for more details.

Click here to learn more about Workers' Investments and Insurance Center

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Savings calculators

Roth IRA

A Roth IRA, as with all IRAs, has specific eligibility and filing status requirements mandated by the Internal Revenue Service. A Roth IRA's main advantage is its tax structure. Contributions are made only from earned income that has already been taxed (and is not tax deductible), but withdrawals up to the total of contributions are federal income tax free, and withdrawals of earnings (anything above the total of contributions) are often free of federal income tax.

Workers' offers IRA products to help you satisfy your retirement needs. Just call or stop by any of our branches and speak to a Financial Services Representative for more details.

Click here to learn more about Workers' Investments and Insurance Center

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Terms and Conditions
Fee Schedule
Savings calculators

Coverdell Education Savings Account

This is an account created as an incentive to help parents and students save for education expenses.

The total contributions for the beneficiary of this account cannot be more than $2,000 in any year. A beneficiary is someone who is under age 18 or is a special needs beneficiary.

Contributions to a Coverdell ESA are not deductible, but amounts deposited in the account grow tax free until distributed. The beneficiary will not owe tax on the distributions if they are less than a beneficiary's qualified education expenses at an eligible institution. This benefit applies to higher education expenses as well as to elementary and secondary education expenses.

Workers' offers products to help you satisfy your college planning needs. Just call or stop by any of our branches and speak to a Financial Services Representative for more details.

Click here to learn more about Workers' Investments and Insurance Center

Rates
Terms and Conditions
Fee Schedule
Savings calculators