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 Put Your Money to Work

You work for your money, now put your money to work for you! 

Service One’s investment rates compare favorably to other financial institutions. Take your time and look over our investment rates, and give us a call if you have any questions.


High Yield Checking

 EASY Says it All!

High Yield Investments

Our best account for those who want to earn interest on their checking balance.*

Access your account in the ways you prefer. You can choose to:

  • Enjoy the convenience of Online Banking to see your balance
  • View your monthly statement on our Home Page, or receive a paper statement, the choice is yours
  • Make purchases with your Service One Visa® Debit Card or pay by check
  • Monitor your checking activity Online or with our One Call audio response system
  • Maintain a minimum balance of just $1000 – and pay no monthly service fee; a service fee of $10.00 is applied if the minimum balance requirement is not met.

 *APY = Annual Percentage Yield. Rates may change after account is opened.

IRA

 Plan for Your Future with an IRA

IRA

It’s never too early or too late to start planning for your retirement.

Experts predict that the average American will need nearly 70% of their pre-retirement income to maintain a comfortable lifestyle after retirement. Our federally insured IRAs earn high investment rates. Dividends are determined by the credit union, compounded quarterly and have withdrawal and contribution limitations.

IRA and savings deposits are federally insured by NCUA to at least $250,000. For more detailed information view the NCUA Your Insured Funds Pamphlet. The IRAs available at SOCU are:

Traditional IRA

  • Contribute up to $6,000 a year or $7,000 if you’re age 50 or older.
  • Earnings are based on the balance of your account.
  • Savings grow tax-deferred. (Possible tax deduction.)
  • Withdraw at age 59 1/2 without penalty. Can make withdrawal earlier but will have tax consequences.
  • Catch-up contributions are available for individuals age 50 and over.
  • Consult your tax advisor.

The Roth IRA

  • Contribute up to $6,000 a year or $7,000 if you’re age 50 or older.
  • Earning withdrawals are tax-free at age 59 1/2 or for qualified reasons.
  • Contributions permitted after age 70 1/2.
  • Catch up contributions are available for individuals age 50 and over.
  • Consult your tax advisor.

Coverdell

 Coverdell Education Savings Account

Child with piggy bank

A Coverdell Education Savings Accounts (ESA) is a trust or custodial account designed to help families pay for education. 

Now is the time to plan for the future.

  • Use for elementary, secondary, and post-secondary education.
  • Contribute $2,000 a year per child under the age of 18.
  • Earnings grow tax-deferred until withdrawn.
  • Funds can be transferred from one child’s account to an account for another child in the family.
  • Consult your tax advisor.

Certificates

 Select Your Certificate

Man checking on his investments

Savings Certificates
Earn competitive market rates* when you invest as little as $500. Available terms range from 6 months to 5 years.

*APY = Annual Percentage Yield. Rates may change after account is opened.

Add-on Certificates
Open an Add-On Certificate with just $25! You can add-on more funds through payroll or automatic deposit, or at any time w

*APY = Annual Percentage Yield. Rates may change after account is opened.

IRA Certificates
Available terms range from 1 to 5 years*.

*APY = Annual Percentage Yield. Rates may change after account is opened.

$1,000 minimum
*APY = Annual Percentage Yield. Rates may change after account is opened.

Click here to see all investment rates.

Federally Insured

 Federally Insured

National Credit Union Association

Your savings are federally insured to at least $250,000 by the National Credit Union Administration (NCUA) a federal agency backed by the full faith and credit of the United States Government. For more information about how the NCUA insures your funds, view How Your Accounts are Federally Insured.

Ask an associate how your funds over $250,000 can be insured.

Disclosures

All investment rates are subject to change without notice. Contact a branch location to confirm current rates. Fees may reduce earnings on an account. Possible penalty for early withdrawals. See related Account Agreement and Fee Schedule for details. 

Product offers, rates, terms and other information provided herein are subject to change without notice. Due to the occasional inaccessibility to our web site which may be beyond our control, Service One Credit Union cannot guarantee the completeness or accuracy of the information provided herein. To verify current offers and rates, please call any Service One Credit Union location.

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