Long Term Savings


Share Certificates (CDs)

Want to watch your savings grow more? With a GKCU Share Certificate (CD) you can plant your money a little while longer and feed it with higher interest rates until it you need it. Minimum deposits for Share Certificates is $500 and terms can range from 90 days to 60 months, based on your needs. Dividends on all certificates are compounded and paid monthly. You can also use your Share Certificate as collateral for a loan. Early withdrawals from Share Certificates are restricted and can result in penalties. For a list of current terms and annual percentage yields, click here.

Individual Retirement Accounts (IRAs)

You’ve planned. You’ve worked hard. You’ve saved. Your nest egg should be enjoyed. After a lifetime of working to provide for your family, an Individual Retirement Account (IRA) is the perfect way to provide for your family during retirement too. Talk with a GKCU employee to start growing your nest egg today. Contributions are tax-deferred until you retire at age 59 ½ when withdrawals can start to be taken (early withdrawal can result in penalties). Types of IRAs include: Traditional, Roth and Educational. Can’t decide which one is right for you? Click here for a comparison or click here for a list of annual percentage yields.

*All Share Certificates and IRAs are federally insured up to $250,000, separately from other accounts.