Certificates of Deposit

Earn more for your money with a Certificate of Deposit!
Term Share Certificates earn higher dividends than normal checking and savings accounts and are available in increments of 6 months, 1 year, 2 years, and 3 years. Dividends on shares are paid monthly and are compounded unless you desire a monthly check for your dividends.

A Term Share Certificate can be opened for a minimum deposit of only $1,000.00.

Earn even more on your CD with a direct deposit checking account. Don't have direct deposit yet? It's quick and easy! Just give your payor the needed information or Call us today to get started.

Money Market Account

Open a money market account at Heritage South Credit Union and earn a higher interest of return while maintaining convenient and flexible access to your funds. The amount of interest earned is dependent on the amount of money invested and/or present in your Money Market account.

A Money Market account can be opened for a minimum deposit of only $2,500.

The more you invest, the more you earn!

IRA (Individual Retirement Account)

At different stages in your life, you will face different financial needs.

Whether you want to start saving for your future, or avoid taxes on a pension plan payout, a credit union IRA may be the solution for you. Besides flexibility, an IRA offers several advantages over other savings options such as the opportunity for tax deductible contributions or tax-free earnings. As an added convenience, you can elect to have a payroll deduction from your paycheck to automatically build this account.

An Individual Retirement Account is always a good choice and Heritage South Credit Union has them all, from Traditional to Roth, we can serve you.


Common Questions about IRAs

What exactly is an IRA?
An Individual Retirement Account or IRA is a savings account specifically designed to provide additional income for your retirement years. An IRA is one of easiest and safest methods to ensure financial stability during your retirement years. The National Credit Union Administration insures an Individual Retirement Account at Heritage South Credit Union for up to $250,000.

Can I put my 401K or any other retirement account into an IRA at Heritage South?
Yes, you can transfer your current IRA to an IRA account at Heritage South Credit Union.

How is an IRA at Heritage South Credit Union different from stocks and mutual funds?
The NCUA insures all IRAs at Heritage South up to $250,000 which means that if something were to happen to the credit union, you would be able to receive all of your funds up to $250,000. Stocks and mutual funds are not completely insured.

What is a Traditional IRA?
With a traditional IRA, earnings are deferred meaning that you will not pay taxes on your IRA until you begin to make withdrawals. With a traditional IRA, you may begin withdrawaing your funds at age 59 1/2. You may contribute to your IRA until you are 70 1/2.

What is a Roth IRA?
Contributions to a Roth IRA are not tax deductible. Earnings are free from income tax at the time of withdrawal. With a Roth IRA, you are not required to make withdrawals at the age of 70 1/2.

**Both Traditional and Roth IRAs have limits on how much you can deposit within a given year.
Contact a Member Service Representative to see how much you can deposit per year.
All Accounts are insured with NCUA and Excess Share Insurance.