Are you expecting a tax refund or bonus from an employer? We know that deciding on the best savings plan can be an intimidating process. That’s where we come in. If you’re looking for the best way to save or invest your tax refund or bonus, here are a few of our favorites.
Certificates
Certificates are a good way to earn money without the volatility of the stock market. Your earnings are guaranteed, your principal is never at risk and you earn more than a savings or money market account. Plus, certificate savings are federally insured by the National Credit Union Administration (NCUA).
Our certificates tend to offer better rates than savings accounts and you can choose a term that suits your needs. View today's savings rates.
Consider laddering your certificates to maximize your investment.
Individual retirement accounts
IRAs can be an important part of a diversified retirement portfolio. IRAs offer valuable tax benefits, don’t require a company-sponsored retirement plan, and can be a valuable way to supplement your retirement.
The essential question is whether it is more beneficial to take advantage of tax-free withdrawals upon retirement or receive an upfront tax break. When you decide, you can choose between a traditional IRA (tax benefits now) or Roth IRA (tax benefits later). Visit our Retirement Central website for more information or to open your IRA.
Investment accounts
Through our relationship with Osaic Institutions, Inc., members have access to everything from financial advice to retirement planning.
Our Osaic Institutions consultant can help you with retirement planning, estate planning, income planning, life insurance, college funding, long-term care planning and more. Learn more about Osaic Institutions or schedule an appointment.
Automatic payments
Lastly, out of sight and out of mind could be your recipe for a growing savings account. Set it and forget it with automatic payments. Through your account login, you can set up regular automatic transfers, which help your savings grow effortlessly. You can even transfer money from other financial institutions.
Let us help you earn more easily and conveniently. Open an account online or stop by any of our branches.
*Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Osaic Institutions does insurance business in California as Osaic Institutions Insurance Agency. CA Agency License #OH30186. Osaic Institutions and 1st United Credit Union are not affiliated. Products and services made available through Osaic Institutions are not insured by the NCUA or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any credit union or credit union affiliate. These products are subject to investment risk, including the possible loss of value.
Plan for your best future.
Whether retirement is far in the future or right around the corner, an Individual Retirement Account (IRA) can help you save so you can live your best financial life.