Our Certificates of Deposit (CDs) are a special type of account which earns a fixed rate of interest over the entire period of the investment. The principal for the account is deposited when the CD is established. The minimum deposit for a CD is $1,000 per certificate.

DCECU offers Coverdell ESA certificates in the following term lengths:

• 12 month
• 24 month
• 36 month
• 48 month

Interest on CDs is accrued daily and compounded or paid monthly. Invested principal, or interest earned, once compounded, may not be withdrawn from CD accounts prior to the maturity of the term. If an early withdrawal must be made, the entire balance must be withdrawn and an early withdrawal penalty may be assessed. Early withdrawal penalties include forfeiture of a set number of days interest on the entire principal balance as determined by the term length of the certificate as follows:

Early Withdrawal Penalty

No early withdrawal penalty will be assessed if the principal is withdrawn due to the death of an owner of the certificate.

Information specific to Coverdell Education Savings Certificates of Deposit:
• Withdrawals (including earnings) are tax-free for both qualified higher-education expenses and public or private K-12 education expenses, such as tuition, tutoring, room and board, and computer equipment.
• The maximum contribution is $2,000 per child, per year, depending on your income (consult your tax advisor).
• Funds can be transferred from one child's account to an account for another child in the family. (Certain restrictions apply)
• The account can be used in conjunction with the HOPE credit and Lifetime Learning credit, but not for the same expenses.
  

Opening an IRA can be initiated via any of the following methods:
• Call our Member Contact Center at (989) 835-7794 or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET to request the required documentation.
• Visit our Account Services Department Monday through Friday between 7:30 a.m. and 5:30 p.m.

If you have any further comments or questions please call our Member Contact Center at (989) 835-7794 or (800) 835-7794.

Additional restrictions apply to IRA certificates. Please refer to your IRA disclosures for important information.

This information is not intended as tax advice. Please consult a tax professional regarding your specific circumstances.

Our Certificates of Deposit (CDs) are a special type of account which earns a fixed rate of interest over the entire period of the investment. The principal for the account is deposited when the CD is established. The minimum deposit for a CD is $1,000 per certificate.

DCECU offers IRA certificates in the following term lengths:

• 12 month
• 24 month
• 36 month
• 48 month

Interest on CDs is accrued daily and compounded or paid monthly. Invested principal, or interest earned, once compounded, may not be withdrawn from CD accounts prior to the maturity of the term. If an early withdrawal must be made, the entire balance must be withdrawn and an early withdrawal penalty may be assessed. Early withdrawal penalties include forfeiture of a set number of days interest on the entire principal balance as determined by the term length of the certificate as follows:

Early Withdrawal Penalty

No early withdrawal penalty will be assessed if the principal is withdrawn due to the death of an owner of the certificate.

Information specific to Roth IRA Certificates of Deposit:
• Regular contributions can be withdrawn tax-free at any time
• Anyone who has income from compensation, or is filing jointly with a spouse who earns compensation within income limits may contribute
• Earnings can be withdrawn tax-free for any qualified reason after the account is open five years
  

Opening an IRA can be initiated via any of the following methods:
• Call our Member Contact Center at (989) 835-7794 or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET to request the required documentation.
• Visit our Account Services Department Monday through Friday between 7:30 a.m. and 5:30 p.m.

If you have any further comments or questions please call our Member Contact Center at (989) 835-7794 or (800) 835-7794.

Additional restrictions apply to IRA certificates. Please refer to your IRA disclosures for important information.

This information is not intended as tax advice. Please consult a tax professional regarding your specific circumstances.

Our Certificates of Deposit (CDs) are a special type of account which earns a fixed rate of interest over the entire period of the investment. The principal for the account is deposited when the CD is established. The minimum deposit for a CD is $1,000 per certificate.

DCECU offers IRA certificates in the following term lengths:

• 12 month
• 24 month
• 36 month
• 48 month

Interest on CDs is accrued daily and compounded or paid monthly. Invested principal, or interest earned, once compounded, may not be withdrawn from CD accounts prior to the maturity of the term. If an early withdrawal must be made, the entire balance must be withdrawn and an early withdrawal penalty may be assessed. Early withdrawal penalties include forfeiture of a set number of days interest on the entire principal balance as determined by the term length of the certificate as follows:

Early Withdrawal Penalty

No early withdrawal penalty will be assessed if the principal is withdrawn due to the death of an owner of the certificate.

Information specific to Traditional IRA Certificates of Deposit:
• Anyone under age 70 ½ who has income from compensation, or who is filing jointly with a spouse who earns compensation may contribute
• Contributions may be tax deductible
• Earnings grow tax-deferred until withdrawn

Opening an IRA can be initiated via any of the following methods:
• Call our Member Contact Center at (989) 835-7794 or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET to request the required documentation.
• Visit our Account Services Department Monday through Friday between 7:30 a.m. and 5:30 p.m.

If you have any further comments or questions please call our Member Contact Center at (989) 835-7794 or (800) 835-7794.

Additional restrictions apply to IRA certificates. Please refer to your IRA disclosures for important information.

This information is not intended as tax advice. Please consult a tax professional regarding your specific circumstances.