Share certificates are a good way to save and earn money over time. Kings Federal Credit Union offers both share certificate accounts and certificate Individual Retirement Accounts (IRAs).
Kings Federal Credit Union also offers both Roth and Traditional IRAs. Roth IRAs are after-tax investments with no deductible contributions. Account earnings are tax-free for qualified distributions and may be used for retirement. Contributions must be made by April 15 (or the next business day if April 15 falls on a weekend or holiday) for the previous tax year. The maximum contribution amount depends on the member’s age and modified adjusted gross income.
Traditional IRAs are available to any individual under age 70 with earned income.