Savings Archives - Joplin Metro Credit Union Always Looking Out For The Little Guy! Wed, 01 May 2024 15:36:25 +0000 en hourly 1 https://joplinmcu.com/wp-content/uploads/cropped-jmcu-logo-512-32x32.png Savings Archives - Joplin Metro Credit Union 32 32 Individual Retirement Account https://joplinmcu.com/products/savings/individual-retirement-account/ Tue, 05 Sep 2017 21:35:01 +0000 https://www.joplinmcu.com/?p=30559 The post Individual Retirement Account appeared first on Joplin Metro Credit Union.

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Individual Retirement Accounts

Roth | Traditional | Educational

Roth IRA

If you don’t need the tax break right now, choosing this IRA makes for a  more flexible investment. That means you can withdraw regular contributions, not earnings* at any time and it’s tax-free and penalty free. You do not have to take mandatory distributions as age 70-1/2 and the amount you can contribute is increasing.

*Earnings can be only withdrawn if you are age 59-1/2

Traditional IRA

Wanting to take a possible tax reduction right now? This IRA is the one for you. It also makes sense if you are expecting to pay taxes at a significantly lower rate in retirement.

Educational IRA

This is the perfect IRA for parents wanting to give their child or children the gift of education.

Contributions to an educational IRA are never tax-deductible; however, an educational IRA offers you the potential for tax-free withdrawals, including earnings.

Not intended as tax advice – please consult a tax professional. All IRA accounts are insured up to $250,000 by NCUA

How will retirement impact my living expenses?
How much will I need to save for retirement?
Are my current retirement savings sufficient?
Social security retirement income estimator
How does inflation impact my retirement income needs?
I’m retired, how long will my savings last?
When should I begin saving for retirement?
Should I convert discretionary expenses to savings?
How much retirement income may my 401(k) provide?
Compare a Roth 401(k) to a Traditional 401(K)

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]]> Certificates of Deposit https://joplinmcu.com/products/savings/certificates-of-deposit/ Tue, 05 Sep 2017 21:34:15 +0000 https://www.joplinmcu.com/?p=30557 If you are looking for Certificate of Deposits - we have a variety of ones to choose from!

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Certificates of Deposit

Rates

A Certificate of Deposit (CD) is an interest bearing savings certificate entitling the owner to earn interest. Each CD has a maturity date and a specific fixed interest rate. If you are looking for Certificate of Deposits – we have a variety of ones to choose from!  Terms are available from 3 months – 5 years!

There is an early withdrawal penalty on all certificate of deposits. 

 

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]]> FYI-Future Young Investors https://joplinmcu.com/products/savings/fyi-future-young-investors/ Tue, 05 Sep 2017 20:46:48 +0000 https://www.joplinmcu.com/?p=30515 The post FYI-Future Young Investors appeared first on Joplin Metro Credit Union.

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Future Young Investors

Ages 15-17

Ages 15–17

A minimum deposit of $25 membership share is required to open the account. This has to stay in the account to keep it open. FYI Members receive a gift when they open the account and they receive a gift when they come into our lobby during the month of their birthday.

Checking accounts/debit cards/ATM cards available upon approval.

Also eligible to open a Share Certificate of Deposit with a minimum of $500. Interest rates are based on the term of the Certificate of Deposit.

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]]> Metro Advantage Club https://joplinmcu.com/products/savings/metro-advantage-club/ Tue, 05 Sep 2017 20:43:49 +0000 https://www.joplinmcu.com/?p=30513 The post Metro Advantage Club appeared first on Joplin Metro Credit Union.

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Metro Advantage Club

Special Member Privileges for Ages 55+

Age 55+

You’ve worked hard for your money so why not enjoy some extra benefits from your credit union! If you are a member in good standing with us and you are 55 years or older then that’s all you need to qualify! Enjoy “special member privileges” such as:

  • Free checking accounts
  • Free cashiers checks
  • Free money orders
  • Free notary service
  • Free ATM service
  • Fee-Free IRA’s
  • Over-Draft Protection (upon credit approval)
  • CD BONUS of an additional .10% (one-tenth of one-percent) earnings above the posted rate on Certificates of Deposits of $5,000 or more,
  • One Free Economy Box printed per year 
  • Direct Deposit of Social Security, pension, and payroll checks for ease of mind and security
  • Save 50% on Wire Transfer Charge (this does not apply to International or Western Union wires)

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]]> Vacation Club https://joplinmcu.com/products/savings/vacation-club/ Tue, 05 Sep 2017 20:42:44 +0000 https://www.joplinmcu.com/?p=30511 The post Vacation Club appeared first on Joplin Metro Credit Union.

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Vacation Club

No Minimum Deposit!

Start saving for your vacation now!

No required minimum deposits, earns interest quarterly and you can withdraw the money at any time.

Make it even more convenient with payroll deduction.

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]]> Christmas Club https://joplinmcu.com/products/savings/christmas-club/ Tue, 05 Sep 2017 20:41:54 +0000 https://www.joplinmcu.com/?p=30509 The post Christmas Club appeared first on Joplin Metro Credit Union.

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Christmas Club

Sit back and enjoy the holidays this year! How? By opening a CHRISTMAS CLUB ACCOUNT !

Earn the same interest as our regular savings accounts. It’s easy, simple and convenient to do payroll deduction.

No required minimum deposit and your balance is transferred to your savings account the middle of October.

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]]> Regular Savings https://joplinmcu.com/products/savings/regular-savings/ Tue, 05 Sep 2017 20:41:05 +0000 https://www.joplinmcu.com/?p=30507 The post Regular Savings appeared first on Joplin Metro Credit Union.

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Regular Savings Account

A minimum of $25 membership share required and $25.00 must remain in your savings account for as long as you are a member of the credit union. Your savings account earns a competitive dividend rate that is paid quarterly. If closed within the first 90 days, there will be a $25 fee.

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]]> Little Savers https://joplinmcu.com/products/savings/little-savers/ Wed, 16 Aug 2017 20:44:05 +0000 https://www.joplinmcu.com/?p=825 Start teaching your children at a young age to save by having them join our Little Savers Club.

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Little Savers Club

For Ages 0-14

For Ages 0-14

Start teaching your children at a young age to save by having them join our Little Savers Club. Minimum deposit of $10 membership share which has to stay in account to keep it open. Kids receive a gift when opening the account and when they come into our lobby during the month of their birthday.

Eligible to open a Share Certificate of Deposit with a minimum of only $200.  Interest rates are based on the term  of the Certificate of Deposit. 

 

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