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Investments Take advantage of our
competitively priced investment accounts. We offer a variety of
products and services to fulfill your financial needs.
IRAs
- Traditional IRA
Accumulation Accounts: The minimum balance to open
an IRA account is $5.00, with dividends starting at a
balance of $0.01. Each member under age 50 may deposit
up to $4,000.00 annually per federal regulations. Each
member over age 50 may deposit up to $5,000.00 annually
per federal regulations. Rollovers and Transfers are
accepted.
- Roth IRA
Accumulation Accounts: The minimum balance to open a
Roth IRA account is $5.00, with dividends starting at a
balance of $0.01. Each member under age 50 may deposit
up to $4,000.00 annually per federal regulations. Each
member over age 50 may deposit up to $5,000.00 annually
per federal regulations. Rollovers and Transfers are
accepted.
- Traditional IRA
Share Certificates: IRA Certificates are available
with terms from 3 months through 60 months. IRA
Certificates pay a competitive dividend rate. Members
are sent notification in the mail prior to the mature
date. The certificate automatically renews at maturity
unless notified by the member. Current share certificate
dividend rates also apply to Traditional IRA Share
Certificates.
- Roth IRA Share
Certificates: Roth IRA Certificates are available
with terms from 3 months through 60 months. Current
share certificate dividend rates also apply to Roth IRA
Share Certificates.
Share
Certificates
Share Certificates have a minimum balance of $500.00, unless
specified otherwise. Terms of 3 months through 60 months are
available. Rates are subject to change monthly. If a Certificate is redeemed prior to the
maturity date, a penalty of one-month dividend earnings
applies to Certificates with terms of 3 months through 12
months. A penalty of three months dividend earnings applies
to Certificates with terms of 18 months through 60 months.
Dividends on Certificates are compounded annually and
credited annually. Members are notified prior to the
maturity date.
Fixed Term Annuity CD
Berks Community Federal Credit Union is the first area
credit union to offer a CD that pays you back (like an
annuity, but without the fees or risk). Ideal for retirees,
near-retirees, pre-inheritance planning or even parents of
college-bound students, this CD provides monthly payments of
principal and interest over the life of the CD. Whether
you’re planning your retirement or just trying to budget
your money, the fixed-rate annuity CD is an ideal investment
to supplement your monthly income. All funds are insured by
the National Credit Union Administration up to $100,000 per
account ($250,000 for retirement accounts). There is no
risk! You will receive all of your funds plus interest. Open
an annuity CD and earn *5.50% APR! For more details
contact the credit union at 610-376-8217.
APR=Annual percentage
rate. $2,000 minimum to yield dividends. Dividends will be
compounded monthly and credited monthly. Five to twenty year
terms available in 5 year increments. After the account is
opened, you may not make deposits into the account until it
reaches maturity. Early withdrawal penalties apply. Rate
current as of August 1, 2007. Rates
subject to change without notice.
Click here
for frequently asked questions.
Click here for complete annuity disclosure.
Money
Market
The credit union
has a new & improved tiered money market account for your
benefit. The more money that you deposit in the money market
account, the more money you can earn.
A minimum balance of $1,500.00 is required to open a money
market account and must be maintained to earn dividends. If
the account falls below the minimum during any given month,
the account will not yield any dividends for that entire
month (effective 4/01/2006). Dividends are paid on the full
balance in the account that corresponds to that balance
tier. The money market account earns a higher dividend rate
than share accounts.
To open a Money Market account visit either branch location!
National Credit Union Administration (NCUA) Insurance
Coverage on Share Accounts. Your savings is
federally insured to at least $100,000 and backed by the
full faith and credit of the US government.
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