Certificate, Money Market & IRAs

How will you reach your financial Goals?


With the help of New Horizons Credit Union, your goals can be met with competitive rates and the right products. 

New Horizons Credit Union is committed to helping our members reach all of their financial goals. There comes a time in our members' lives when a savings account isn’t enough; in fact, you’re compelled to take your financial freedom one step further. New Horizons Credit Union offers Money Market Accounts, Certificate Accounts, and Individual Retirement Accounts - all insured by the NCUA and earn a higher dividend rate than a regular savings account.

Learn more about the products we have to offer:

Money Market Accounts

If you want to earn a better dividend rate than a regular savings account, but you are not ready to lock an amount for a set term and need the flexibility to use the funds, then a Money Market account may be right for you. A Money Market account is insured by the NCUA and allows you to write a limited number of checks and perform a limited number of transfers, while earning a higher dividend rate. Because it is considered more of an investment account than a savings account, the number of transactions are limited by the Federal Reserve. There is a six transaction per month limit, and any transaction over the six is subject to a $5 charge per transaction. Other details include:

- Minimum to open is $2,500.00

- Maximum of six transfers per month

- Maximum of three transfers may be by check, draft, or similar order payable to a third party.

- Account is insured by the NCUA and safe from market risk

- Offers a short-term investment option with the safety net for emergencies

- Offers quick access to cash

- View Money Market rates here


Certificate Accounts

New Horizons Credit Union offers short-term and long-term investment plans designed to accommodate all of our members' needs. With your investments, small or large, you can be assured of competitive rates and high yield because with a Certificate Account, your funds are locked in set term to maximize your return.

Certificate account terms range from 3 to 36 months with a minimum deposit of $500.00. Deposits are insured by the NCUA. Dividends are calculated and posted monthly.

Call or visit any of our offices for information regarding our specific investment options and current rates. You can also view our rates here.


Individual Retirement Accounts (IRAs) & IRA Certificate Accounts

 At different stages in your life, you face different financial needs. Whether you want to start saving for your future, avoid taxes on a pension plan payout, or protect a lifetime of savings, a New Horizons Credit Union IRA may be the right solution. Besides flexibility, IRAs offer advantages over other savings options, such as the opportunity for tax-deductible contributions or tax-free savings. New Horizons Credit Union offers the following IRA investment options for Traditional, Roth or Coverdell Education IRAs:

A Traditional IRA is an individual retirement arrangement that allows you to save for retirement with tax-deferred earnings and the possibility of tax-deducible contributions. These tax advantages make the Traditional IRA a powerful tool in creating a balanced, long-term savings plan.

A Roth IRA offers different tax incentives than a Traditional IRA to boost your retirement savings. Unlike a Traditional IRA, contributions to a Roth IRA are never tax-deductible. But the money you contribute to your Roth IRA can be withdrawn tax free at any time. And, if you qualify, you can withdraw the earnings tax free, too.

A Coverdell Education IRA (also known as an ESA) can help you save for a child's education expenses - such as tuition, fees, books, supplies, equipment, and in some cases, room and board. With this type of IRA, you make nondeductible contributions that may provide for tax-free withdrawals - including earnings - down the road.

 IRA Savings Accounts (no minimum balance)

 IRA Certificate Accounts (minimum balance as low as $500)

IRAs at New Horizons Credit Union are federally insured up to $250,000 per member (separate from your other New Horizons Credit Union accounts) by the National Credit Union Administration.

Additional account details may apply. Allowed contributions, income limitations, distribution, and deadlines may vary. Always contact your tax advisor for information and to see if you qualify for any IRA tax savings. Please view IRS Publication 590 for more information about income limitations at www.irs.gov (http://www.irs.gov/) or see you tax advisor. For more information on our IRAs, visit one of our branches or call a Personal Financial Representative at (251) 316-3240. Click here for rates.