
Certificates & IRAs
Take advantage of higher dividends and short-term commitment with a certificate or work towards your retirement goals with an Individual Retirement Account (IRA).
IMCU offers a range of terms to meet a variety of needs.
Certificates
- Terms available: 6-mo, 1, 2, 3, 4, 5 & 7 year terms
- Minimum balance: $1,000
- Dividends are compounded monthly & credited on the last day every month
Individual Retirement Account
- Roth IRAs- Expand after-tax investment opportunities and offers members tax-free withdrawals at retirement or for certain other qualified uses.
- Traditional IRAs- A Traditional IRA is a popular investment tool that continues to grow due to its simplicity and benefits. It also offers the opportunity for pre-tax investments and tax-deferred growth for retirement and other financial needs.
- Coverdell Education Savings Accounts- Formerly known as Education IRAs, these accounts provide a tax-advantage not offered by other types of savings accounts. With increased contribution limits and expanded “qualified” (tax-free) expenses, individuals have a greater opportunity to enjoy the benefits offered. Earnings are tax-deferred and may be tax-free if used for educational purposes.
Indiana Members Credit Union is not licensed to provide tax advice. Please refer to your tax advisor for details.
Current Rates
Certificates
TERM | APY | APR |
6 Month | 0.20% | 0.20% |
12 Month | 0.40% | 0.40% |
24 Month | 0.50% | 0.50% |
36 Month | 0.60% | 0.60% |
48 Month | 0.70% | 0.70% |
60 Month | 0.80% | 0.80% |
84 Month | 0.60% | 0.60% |
Penalty will be imposed for early withdrawal. $1,000 minimum balance required. Rates current as of 1.1.2021.
HSA Certificates
TERM | APY | APR |
6 Month | 0.20% | 0.20% |
12 Month | 0.40% | 0.40% |
24 Month | 0.50% | 0.50% |
36 Month | 0.60% | 0.60% |
48 Month | 0.70% | 0.70% |
60 Month | 0.80% | 0.80% |
84 Month | 0.60% | 0.60% |
Penalty will be imposed for early withdrawal. $1,000 minimum balance required. Rates current as of 1.1.2021.
IRA Certificate Account |
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---|---|---|
TERM | APY | APR |
6 Month | 0.20% | 0.20% |
12 Month | 0.40% | 0.40% |
24 Month | 0.50% | 0.50% |
36 Month | 0.60% | 0.60% |
48 Month | 0.70% | 0.70% |
60 Month | 0.80% | 0.80% |
84 Month | 0.60% | 0.60% |
Penalty will be imposed for early withdrawal. $1,000 minimum balance required. Rates current as of 1.1.2021.
IRA Savings Account |
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---|---|---|
TERM | APY | APR |
N/A | 0.25% | N/A |
Dividend rate is variable and may change after account is opened. Rate is accurate as of 1.1.2021.
$50 minimum balance required to earn dividends.