Do you have excess cash on hand
and want a higher rate of return?
With our certificates, you can earn more money with our fixed rates the longer your money stays on deposit. Certificates are ideal for building up short-term savings or putting money away for the future with our Individual Retirement Account option.
Get A Savings Boost
When you have extra cash on hand, consider opening one or more certificates. Your returns are guaranteed, and you have easy access to money when you need it.
- Available as regular and IRA share certificates
- $1,000 minimum deposit
- Terms from one to five years
- Dividends compounded and paid monthly
IRA's
What do you envision for your retirement years? Whether it's traveling, volunteering, lounging or a combination, we'll help you reach your milestone with our Individual Retirement Account options. These accounts complement retirement savings that are growing in a 401(k) plan or pension, and they are ideal accounts when you want to roll over retirement funds from other sources. Our IRA rates help individuals in Delaware, Maryland and beyond grow their savings steadily.
A Brighter Tomorrow Begins with Planning Today
Whether you're an individual investor or a business owner addressing employees' retirement needs, you'll find an IRA that fits your plans. Each account has unique tax advantages, which we're happy to explain.
SEP IRA's
The Simplified Employee Pension IRA is designed for self-employed people and small-business owners who want to provide a flexible and affordable retirement savings plan to employees. SEP IRAs are generally available to any employee age 21 and over who have been employed by you for at least three of the past five years and has at least $600 in annual earnings for the tax year.
- All contributions and dividends grow tax-deferred.
- You may take a federal income tax deduction equal to the number of your employer contributions, up to a maximum of 25% of the compensation paid during the year to employees (based on net earnings after expenses if you’re self-employed). Plans meeting certain requirements may qualify for a $500 start-up cost tax credit.
- SEP IRAs do not require annual IRS filings, and Tidemark Federal Credit Union does not charge an administrative fee.
- Employers avoid significant fiduciary responsibility because all employees generally receive the same contribution rate, and investing decisions are the participant’s responsibility.
- For Maximum annual contributions limit please contact our Member Service Center.
- As the plan sponsor, you decide every year what amount to contribute. You can vary the contribution percentage from year to year, or you can skip contributions altogether. All employees generally receive the same contribution rate.
Personal IRA's
Choose between Traditional and Roth IRAs, depending on whether you want tax-deductible contributions or tax-free distributions. Traditional IRAs generally makes sense if you plan to retire in a lower tax bracket because your distributions are taxable. If you plan to retire in a higher bracket, the Roth IRA might make more sense. ( Certificate options are available.)
- Specific rules apply related to income limitations, distribution requirements and more. Contact Member Services for additional details.
Financial Planning
What do you envision for your retirement years? Whether it's traveling, volunteering, lounging or a combination, we'll help you reach your milestone with our Individual Retirement Account options. These accounts complement retirement savings that are growing in a 401(k) plan or pension, and they are ideal accounts when you want to roll over retirement funds from other sources. Our IRA rates help individuals in Delaware, Maryland and beyond grow their savings steadily.
Learn More
Plus, You Get Access to Our Member Premium Benefits
You Become a Member-Owner
We don't exist to enhance the wealth of our shareholders, we are member-owned. As a not-for-profit organization, we use our profits to increase Member benefits and support community causes.
Your Money is Insured & Protected
Instead of being covered under FDIC, your deposits are covered under the National Credit Union Administration (NCUA), which insures deposits up to $250,000, the same amount as the FDIC. It’s a different name but the same function.
