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Savings Products
Regular Share / Share Savings Accounts
A minimum deposit of $5.00 establishes your membership in the Credit Union. Depending on the type of account opened, share accounts require maintaining a minimum average daily balance to earn dividends.
Super Share Accounts (Money Market)
An R.I.A. Super Share Account gives you flexibility for meeting your financial needs along with a higher dividend rate than most other share accounts. With only a $2,000.00 initial deposit and 3 withdrawals per month, it's the perfect account for maintaining high balances with regular deposits.
Holiday Club Account
Holiday Club Accounts can be opened with as little as $5.00. Dividends are
paid monthly on the average daily balance and deposits can be made anytime, for
any
amount
including payroll deduction or automatic transfer. Withdrawals on Holiday
Club may be made between October 1st and December 31st. At that time, funds can
be
withdrawn or transferred to another account. You may also request a check be
mailed to you.
X-tra Kash
This account is designed to give our members a place to save funds for that special occasion, such as a wedding, vacation or school tuition. No minimum balance is required and deposits and withdrawals can be made at anytime. In addition, competitive rate dividends are paid on average daily balances of $250.00 or more.
Escrow Account
The Escrow Account was setup to help members save money for property taxes and insurance. This account does not earn dividends and can be opened with as little as $5.00.
Share Certificates
At R.I.A. Federal Credit Union, we offer a wide variety of share certificates with terms ranging from 91 days to 5 years. Most share certificates renew automatically at maturity. With fixed, compounded dividends and NCUA Insurance, no other investment is as certain or as safe.
Individual Retirement Accounts (IRA's)
The Taxpayer Relief Act of 1997 created a variety of new IRA options. Not only
did it change the rules for the traditional IRA, but it also introduced the Roth
and Education IRAs. Traditional IRA's are the perfect supplement to any pension
or retirement plan you may currently have, and with the expanded income limit,
more people will now be able to make tax-deductible contributions. Contributions
to the Roth IRA or Education IRA are not tax-deductible, but the accounts offer
the opportunity for tax-free earnings. For information on how each type of account
would benefit your specific situation, talk to your tax advisor.
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