CERTIFICATES OF DEPOSITS (CD)

These high-yielding, no-risk investments allow members to secure a fixed rate of return for an extended period of time. Minimum balances start at $250.00 with terms ranging from six months to 3 years. Depending on your comfort level or saving style, dividends on certificate accounts can compound quarterly into the certificate balance for a higher yield or the dividends can simply be withdrawn.

Certificate Rates
Effective Date: March 9th, 2010
Term	Rate	APY
6 Month Certificate	1.00%	1.00%
1 Year Certificate	1.25%	1.26%
2 Year Certificate	1.50%	1.51%
3 Year Certificate	1.75%	1.76%

IRA’S

Working to build that retirement nest egg is its own challenge. We can help. U.P. State Credit Union offers several types of IRA plans designed to fit your needs:

• Traditional IRAs — This plan generates deferred earnings, which means you won’t owe any taxes until your money is withdrawn from the IRA.
• Roth IRAs — This popular option provides after-tax savings for a tax-free income provided you hold the Roth IRA for at least five years and don’t take distributions before reaching age 59½.
• Coverdale Education IRAs — (formerly known as Education IRA)
  The Coverdale Account allows up to $2,000 a year to be contributed for an individual. Contributions are not tax-deductible, but growth is tax-deferred. Distributions are excluded from income if used for qualifying education expenses.
  

IRA Rates
Effective Date: January 1st, 2010
Name	Rate	APY
IRAs	1.25%	1.25%