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 12.1.2021.
 
 
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 12.1.2021.
 

IRA Certificate Account

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 12.1.2021.
 

IRA Savings Account

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 12.1.2021.
$50 minimum balance required to earn dividends.