APY- Annual Percentage Yield. All rates subject to change without notice.
Benefit from some of our best interest rates with a Certificate of Deposit (CD). A CD is a safe investment and offers higher returns than a savings account, or your piggy bank. With these impressive rates of up to 2.70% APY, now is the is time to break open those piggy banks and get excited about investing again!
Traditional IRAs are a popular way to save for your retirement. Your contributions to a Traditional IRA are tax-deferred, and they earn compounding interest until you withdraw the money. You’ll pay taxes at the time of withdrawal, but you’ll pay less if you drop into a lower tax bracket after retirement. Here’s what you need to know about a Traditional IRA:
Unlike a Traditional IRA, a Roth IRA is taxed as income at the time of your contribution, but the money isn’t subject to taxes you withdraw. Just like a Traditional IRA, you can save up to $5,000 as an individual or $10,000 as a couple each year until you turn 701/2 years old.
After you have had your Roth IRA account for five years, you can withdraw all the funds, tax-free under one of the following circumstances:
College isn’t cheap – start saving now for your child or grandchild’s future education. The Coverdell Education Savings Account allows you to save up to $2,000 a year for each child under 18 years old.
You can plan for the future knowing your money is safe and secure: your savings are insured for a minimum of $250,000 by the National Credit Union Administration, a U.S. Government Agency.
The future is big, and it's right around the corner. Start planning with a little help from Utah First - we'll help you choose the CD that's best for your financial goals.