Share Certificates & Share IRAs | Healthcare Financial FCU (New Haven, CT)

Share Certificates & Share IRAs

Term Share Certificate Account

A Term Share Certificate is an ideal way to save for a specific goal or to build a cash reserve.
We offer a variety of terms from 6 months to 18 months at competitive dividend rates. Earn at a higher rate than Regular Shares; plus your rate is guaranteed for the term you choose. Dividends are posted quarterly. The rate is set at the time of purchase. View current dividend earnings.

IRA Term Share Certificate Account

Established by the federal government in 1978 to provide consumers with a tax-deferred personal retirement savings vehicle, the IRA is an ideal way to save for retirement. HCFFCU offers IRA accounts as follows:

  • Members are eligible to open an IRA if they have earned income or received alimony during the year.
  • Dividends are compounded and paid quarterly.
  • The maximum annual contribution limit for 2020 and 2019 is $6,000 (or $7,000 if you are age 50 or over).
  • Contributions may be tax-deductible in the year they are made.
  • Investments within the account grow tax-deferred.
  • Withdrawals in retirement are taxed as ordinary income.
  • The IRS requires individuals to begin taking money out of the account at age 72.
  • Unqualified withdrawals before age 59 1/2 may trigger a 10% early withdrawal penalty and income taxes.

Consult your tax advisor before opening an IRA account. For more information, contact Member Services.

Save to Win Term Share Certificate

What is Save to Win?

It’s a special savings account at your credit union that helps you build your savings while also giving you chances to win $5,000 quarterly prizes, plus monthly cash prizes! Every time you save $25 in a Save to Win certificate, you get another chance to win –up to 10 chances every month. Plus, all the money you deposit into the Save to Win account is still yours, plus dividends. It’s savings – with benefits!

How Do I Open an Account?

Simply request a 12-month Save to Win share certificate and make an opening deposit of $25. Your initial deposit is your first step to saving and is your first entry into the monthly and quarterly prize drawings. As you continue to make additional deposits into the account, you will accumulate more entries in the monthly and quarterly prize drawings. To win a prize, account holders must be 18 years or older and have an account that is open through the drawing period.

Nothing to Lose - Everything to Win

Why open a Save to Win account? Because you seriously have nothing to lose - and everything to win! Not everyone will win a prize, but with regular deposits into your Save to Win account all year you are guaranteed to end up with more money saved than when you started.

Official Account & Prize Entry Rules* Save to Win Truth in Savings*

*This document may contain links to a third party web site not operated by the credit union; the credit union is not responsible for the content of the alternate web site; the credit union does not represent either the third party or the member if the two enter into a transaction; and privacy and security policies may differ from those practiced by the credit union.


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