IRA Certificates

ABE's IRA Certificate, insured up to $250,000.00 by the N.C.U.A., is a high-yield instrument that is designed to return rates similar to bank certificates of deposit.

Standard IRA Certificates

• Minimum opening deposit of $500.00 ($100,000.00 for Jumbo Certificates).
• Choose any length of  maturity between three (3) months and five (5) years.

13 Month Add-On IRA Certificate

• Minimum opening deposit of $500.00
• 13 month term
• Unlimited deposits ($500.00 minimum per deposit) throughout the 13 month term
• The maturity date will not change if additional deposits are made

15 Month Bump-Up IRA Certificate

• Minimum opening deposit of $500.00
• 15 month term
• A one time bump-up option to a higher rate if a better rate is offered on our 12 month IRA Certificate during your 15 month term
• The maturity date will not change when your rate is bumped up

Dividend Crediting :  
Dividends on IRA Certificates are credited monthly.  As dividends are earned, they will be automatically deposited to your account.

Renewal :  
At maturity, you may elect to renew your certificate for any term of maturity available at that time.  Certificates will be renewed at the prevailing dividend rate at the time of renewal.  If you do not wish to renew you certificate, the Credit Union will transfer all certificate funds to your share account.

Early Withdrawal Penalty :  
Principal amounts withdrawn prior to the original date of maturity are subject to penalty.  The penalty on the amount withdrawn from Investment Club Certificates with an original maturity of one (1) year or less,  will equal ninety (90) days' dividends.  If your account has an original maturity of more than one (1) year but less than five (5) years, the penalty will equal 120 days' dividends.  If your account has an original maturity of five (5) years or more, the penalty will equal 180 days' dividends.