Certificates of Deposit (CD)
Town & Country Credit Union offers CDs with a $500 minimum deposit. You will earn higher rates than a regular savings account and have terms ranging from 3 months to 5 years.

Step-Up: When you purchase a CD with a term of 36 months or greater, you have the opportunity to “step-up” to the current rate any time during the term of the CD after the first year.

Growth Builder 12 Month CD
This CD is perfect for anyone ages 0-23 who is looking to maximize the returns on their savings in a shorter period of time. All you have to do is agree to leave your funds in the account for a minimum of 12 months and watch your earnings build each month. If you do have to withdraw your money early, there is a penalty of 180 days interest. However, that penalty is waived if the funds are used for educational expenses.

The minimum deposit to open a Growth Builder CD is just $200 making building savings easier than ever! Plus, unlike a typical CD, you can make additional deposits of over $25 at any time. That’s perfect for adding birthday money or other paychecks that you’d normally put in a savings account for later.

Retirement
If you are concerned about your future, having enough money for retirement, for medical expenses, or your children’s education an Individual Retirement Account (IRA) may be the answer.

There are three types of IRAs available:

• Traditional IRA
• Roth IRA
• Coverdell Education Savings Account

Each is tailored for a particular use and each has specific eligibility requirements.

Money Market Savings
A short term option for depositing excess savings without term restrictions.

• An average daily balance of $1,000 is required to earn a dividend
• Sum of all low balances must be at least $1,000 to avoid a monthly service charge
• Dividends are built on tiers; the higher the account balance, the higher the interest rate

Premium Money Market Savings

• An average daily balance of $25,000 is required to earn a dividend
• Minimum balance must be at least $25,000 to avoid a monthly service charge
• Requires Premium Checking Account or Progress Checking Account
• Dividends are built on tiers; the higher the account balance, the higher the interest rate