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Share Certificates and IRAs

Enjoy higher earnings from a variety of certificate options.

Share Certificates and IRAs

Share Certificate

Take the risk out of investing with a safe, higher-dividend yielding account.

For members wishing to earn even higher dividends, Jumbo Certificates are available. It's a great way to make the most of your money.

  • The minimum deposit is $1,000 to open a Share Certificate.
  • A variety of terms are offered ranging from to 60 months with competitive rates.
  • All share certificate deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA).

To open a Share Certificate Account, come into any branch and speak to a Specialty Services Representative.

Grow Your Retirement Savings with SFEFCU!

For a Limited Time, Enjoy a Special Cashback Bonus!1

Are you looking to consolidate 401Ks, 403Bs, and other retirement accounts under one umbrella? Spring into your retirement savings and enjoy a special cashback bonus for a limited time!1

Rollover or transfer your existing retirement account balances from other institutions to a SFEFCU IRA account by August 31st and qualify for the following cashback earnings:

IRA Rollover/Transfer BalanceCashback Bonus Earnings1
$25,000 — $49,999.99$50
$50,000 — $99,999.99$100
$100,000 — $199,999.99$200
$200,000+$300

Contact our IRA Specialist today at 305-270-6693 and let SFEFCU help you achieve your retirement goals!

1The Cashback Bonus Earnings is a one-time only offer. It is only valid for rollovers or transfers into a South Florida Educational Federal Credit Union (SFEFCU) IRA from an IRS qualified retirement plan or existing IRA at another financial institution. To qualify for this offer: a minimum transfer or rollover of $25,000 in qualifying net new assets is required. Funds must be received into a SFEFCU IRA between April 1, 2019 and August 31, 2019. Funds must remain on deposit for six months from the date of the qualifying rollover or transfer. After the six-month period, your one-time Cashback Bonus Earnings will be deposited into your Prime Share Savings account. The amount of Cashback Bonus Earnings will be determined by your IRA Rollover/Transfer amount as indicated on the chart shown. This offer does not apply to any other savings account transfer or deposit. Offer cannot be combined with any other offer.

Traditional IRA

Start setting aside money for retirement now.

Earnings grow tax-deferred and your contributions may be partially or fully deductible but distributions are generally taxable. And the good thing is that you may make contributions to your Traditional IRA. Dividends earned are not taxed until withdrawn at retirement when your tax bracket may be lower. Some of the benefits include:

  • Depending upon your income, you may be able to deduct your annual contribution from your taxable income and defer the taxes until withdrawals begin.
  • Contributions to IRAs can be made throughout the year with personal deposits or through convenient direct deposit based on IRS guidelines.
  • IRA accounts are federally insured separately from your other savings accounts up to $250,000.
  • Dividends are compounded daily and paid monthly. For dividend information, see our rates.

To open a Share Certificate Account, come into any branch and speak to a Specialty Services Representative.

Roth IRA

It's never too early to plan for your retirement.

With a Roth IRA, your earnings are tax-free when you begin withdrawing distributions. However, your contributions are not deductible. This is a great account to help plan and supplement your financial security after you have retired.

  • An IRA can provide great financial flexibility.
  • There are no monthly or annual service fees and standard IRA rules apply.
  • IRA accounts are federally insured separately from your other savings accounts up to $250,000.
  • Dividends are compounded daily and paid monthly.

When can a member use their Roth IRA Assets?

If two conditions are met, withdrawals from a Roth IRA can be made tax-free and penalty-free. First, a Roth IRA must have been open for a minimum of 5 years. Second, the withdrawal must be made after an occurrence of the following:

  • Age 59 ½
  • Death
  • Disability
  • First-time home buyer expenses

To open a Roth IRA Account, just visit any branch and speak to a Specialty Services Representative.