Individual Retirement Accounts (IRAs)

Your retirement years are supposed to be carefree. While you can’t control things like health and happiness, you can at least make plans to alleviate financial worries. One way you can do this is with an Individual Retirement Account. An IRA is an excellent way to help you reach your retirement goals or supplement other retirement plans. Earnings on your IRA are tax-deferred until you begin withdrawing funds. And in many instances, IRA contributions are tax-deductible.

Kingsport Press Credit Union has an excellent IRA program with various term investments, low minimum balances, no maintenance fees, and excellent payout options at retirement. Talk to us today!

Certificates

If you have money in savings or checking that you don’t need immediately and/or are saving for a planned goal six months or longer down the road, you might want to consider transferring the funds over to a Certificate.

A Certificate is like a savings account, except you commit to leaving the money untouched for a certain length of time. In exchange for locking in that amount, you’re paid a higher rate of return on those funds. With a little thought and planning, a Certificate is a great way to make your savings grow even faster. Certificates may also be used as collateral for low interest loans.

Kingsport Press Credit Union offers a variety of Certificates with different time commitments and interest rates. Stop by, call, or e-mail today for more information!

Your Savings Federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Govt. Agency.