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Specialty Accounts

People Looking at RiverCertificate Accounts, Money Markets & IRA

Current Rates

 

9-Month and 13-Month Certificate Special

In February, we're offering our members a great opportunity to make the most of what you have without the risk of stocks or other more volatile investments. Our certificates have a fixed, predictable return, with better returns than savings-deposits.

  • 9-Month Certificate 2.019% APY
  • 13-Month Certificate 2.29% APY*

*APY=Annual Percentage Yield. The special 9-month and 13-month Certificate Accounts minimum deposit requirement is $10,000 New Money only to open the account; New Money may not originate from another Wauna Credit Union deposit account. Deposits exceeding the $10,000 New Money minimum deposit are not restricted. The special 9-month Certificate Account APY is 2.019% and the Dividend Rate is 2.00%. The special 13-month Certificate Account APY is 2.29% and the Dividend Rate is 2.267%. Some fees could reduce earnings. The special 9-Month and 13-Month Certificate Accounts are also available as an IRA. Early withdrawal penalty: We may impose a penalty if you withdraw any of the principle before the maturity date, or the renewal date if it is a renewal account. This special offer is available through February 28, 2019, and may be terminated without notification. Membership with Wauna Credit Union required to be eligible for this special offer. Please contact Wauna Credit Union for membership eligibility details.

 

Personal Certificate Account 

We have multiple options that allow you to earn higher dividends on your money. Our Certificate Accounts start at only $500.

 

    • Savers Certificate Accounts available to save toward minimum Certificate Account balance ($100 minimum deposit)
    • $500 minimum balance
    • Earn higher dividends based on balance and term of certificate
    • Dividends are compounded monthly, paid monthly

 

The Wauna Elite Money Market Account 

The Wauna Elite Money Market Account is our new tiered savings program that rewards you the more you save. By helping our members realize their financial goals, and giving back to the members that continue to invest in their relationship with the credit union, the Elite Money Market is the perfect place to keep your deposits while keeping your money federally insured.

  • Higher Dividend Rate then regular WCU Share or Money Market Account
  • 1.500% rate at highest tier
  • Up to 6 withdrawals processed by approved transactions per month

Money Market Account (MMA)

 Earn extra interest on your savings account balance, while still having access to your funds.

  • Low minimum to open
  • Earn dividends higher than our Share Savings Accounts
  • Tiered levels of deposits to earn higher rates
  • Minimum $100 withdrawal
  • Write 3 checks and up to 6 transfers a month
  • Unlimited branch transactions
  • NCUA insured up to $250,000

Individual Retirement Account (IRA)

IRAs are savings accounts with big tax breaks, usually for retirement saving. IRAs can include a variety of assets – bonds, mutual funds, stocks, etc.

 

Traditional IRA

  • Contribution limits exist
  • Eligibility Requirements
    •        Earned Income
    •         Age (under 70 ½)
  • Possible Tax Deduction
  • Earnings are always taxed
  • Required Minimum Distribution (RMD) required at 70 ½
  • Contributions are pre-tax, with taxes paid when you withdraw the money

 

Roth IRA

  • Eligibility Requirements
    •         Earned Income
    •         Income Limits (MAGI)
  • Contributions are made after taxes
  • No age limit for contributions
  • Tax-deferred earnings
  • Qualified distributions are tax-free and penalty-free
  • Since Taxes are paid up front there are no taxes later

 

Simplified Employee Pension (SEP IRA): For the self-employed & small business owners

  • For self-employed and small business owners 
  • SEP IRAs have much higher contribution limits contribution limits
  • SEP IRA owners 70½ or older who still earn income may continue to make contributions 
  • Must take RMD at age 70½

Health Savings Account (HSA):  Set aside funds on a pre-tax basis to pay for qualified medical costs

  • Using untaxed dollars in an HSA for deductibles, copayments, coinsurance, and other expenses, can lower overall healthcare costs
  • HSA contributions are pre-tax/tax-deductible. The money grows tax-free and the money can come out tax-free
  • Rolls over from year-to-year, so you don't lose your savings
  • Those enrolled in a high-deductible health insurance plan (HDHP) may qualify for an HSA
    -The IRS defines an HDHP for an individual as a plan with an out-of-pocket maximum of $6,550 and a minimum deductible of $1,300

 

Coverdell Educational IRA: For college tuition 

Find out more from the IRS