Individual Retirement Accounts - Boston Firefighters Credit Union

CD, Money Market and IRA Accounts

Money Markets

We're 293% Higher!

BFCU2.020% APY

Boston Metro average
0.514% APY

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Certificate Of Deposits

Earn up to 244% more

BFCU2.020% APY

Boston Metro average0.587% APY

6 Mo CD - $100k

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We offer a variety of share certificate accounts that can earn a higher dividend rate than regular share accounts. Our term share certificate accounts not only yield a higher rate of return, but they also offer flexible terms to fit your financial needs.

Table data for Term Share Certificate Account (CD) and IRA CD
Rates Effective 09-24-2018
Term	Regular Dividend Rate	APY	Jumbo Dividend Rate¹	APY
6 Months	1.75%	1.76%	2.00%	2.02%

1 Year	1.75%	1.76%	2.00%	2.02%

2 Years	2.00%	2.02%	2.25%	2.27%

3 Years	2.20%	2.22%	2.45%	2.48%

4 Years	2.40%	2.43%	2.65%	2.68%

5 Years	2.50%	2.53%	2.75%	2.78%

APY (Annual Percentage Yield). IRA (Individual Retirement Account). The minimum balance required to open a CD is $1,000. Early withdrawal penalties apply. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure. *Members investing $100,000 or more in aggregate CD balances will receive a Jumbo Dividend Rate of .25% over our Regular Dividend Rate for the term of investment. Early withdrawal penalties apply. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.
¹Members investing $100,000 or more in aggregate Term Share Certificate Account balances will receive a Jumbo Dividend Rate of .25% over our Regular Dividend Rate for the term of investment. Existing Term Share Certificate Accounts will retain their current rate, and the Jumbo Dividend Rate will be applied to all future Term Share Certificate Accounts opened and rolled over after January 1, 2009. Early withdrawal penalties apply. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.↵

Tiered rate money market accounts are another option offered by BFCU for those looking to keep their funds liquid and available while earning premium dividend rates. The dividend rate structure is tiered so the more you have in a tiered rate money market account the more dividends you will earn.

Table data for Tiered Rate Money Market Account (MMDA) and IRA MMDA
Rates Effective 09-24-2018
Account Balance	Dividend Rate	APY
$0.00 - $2,499.99	0.25%	0.25%

$2,500 - $9,999.99	0.60%	0.60%

$10,000 - $24,999.99	1.00%	1.00%

$25,000 - $49,999.99	1.25%	1.26%

$50,000 +	2.00%	2.02%

All of the dividend rates and APYs (Annual Percentage Yield) stated above are variable rate accounts and are subject to change at any time. IRA (Individual Retirement Account) $2,500 is the minimum balances required to open a MMDA and IRA MMDA. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.

Table data for Jake Jr. Tiered Rate Money Market Account (MMDA)
Rates Effective 09-24-2018
Account Balance	Dividend Rate	APY
$0.00 - $999.99	0.25%	0.25%

$1,000 - $4,999.99	0.50%	0.50%

$5,000 +	0.75%	0.75%

All of the interest rates and APYs (Annual Percentage Yield) stated above are variable rate accounts and are subject to change at any time. There is no minimum balance required to open a Jake Jr. MMDA. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.

Traditional IRA - Traditional IRA is a special tax-favored share account. It allows for tax-deductible contributions for many people. Most important, earnings are not taxed until you begin to withdraw from your IRA.

Rollover IRA - The rollover IRA account is an effective option for moving funds from other IRAs or from qualified pension plans. Take advantage of the security and high term share certificate account rates at BFCU as you retire or change jobs and move money from company sponsored 401Ks and other qualified plans.

Roth IRA - A Roth IRA is one of the most exciting IRA options available today. While contributions to your Roth IRA are not tax deductible, the best part about owning a Roth IRA is what happens when you withdraw from the account. Neither your contributions nor the investment gains/earnings are subject to federal income tax. As long as certain conditions are met, everything in a Roth IRA is paid out tax-free and penalty-free.

Table data for Term Share Certificate Account (CD) and IRA CD
Rates Effective 09-24-2018
Term	Regular Dividend Rate	APY	Jumbo Dividend Rate¹	APY
6 Months	1.75%	1.76%	2.00%	2.02%

1 Year	1.75%	1.76%	2.00%	2.02%

2 Years	2.00%	2.02%	2.25%	2.27%

3 Years	2.20%	2.22%	2.45%	2.48%

4 Years	2.40%	2.43%	2.65%	2.68%

5 Years	2.50%	2.53%	2.75%	2.78%

APY (Annual Percentage Yield). IRA (Individual Retirement Account). The minimum balance required to open a CD is $1,000. Early withdrawal penalties apply. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure. *Members investing $100,000 or more in aggregate CD balances will receive a Jumbo Dividend Rate of .25% over our Regular Dividend Rate for the term of investment. Early withdrawal penalties apply. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.
¹Members investing $100,000 or more in aggregate Term Share Certificate Account balances will receive a Jumbo Dividend Rate of .25% over our Regular Dividend Rate for the term of investment. Existing Term Share Certificate Accounts will retain their current rate, and the Jumbo Dividend Rate will be applied to all future Term Share Certificate Accounts opened and rolled over after January 1, 2009. Early withdrawal penalties apply. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.↵

Table data for Tiered Rate Money Market Account (MMDA) and IRA MMDA
Rates Effective 09-24-2018
Account Balance	Dividend Rate	APY
$0.00 - $2,499.99	0.25%	0.25%

$2,500 - $9,999.99	0.60%	0.60%

$10,000 - $24,999.99	1.00%	1.00%

$25,000 - $49,999.99	1.25%	1.26%

$50,000 +	2.00%	2.02%

All of the dividend rates and APYs (Annual Percentage Yield) stated above are variable rate accounts and are subject to change at any time. IRA (Individual Retirement Account) $2,500 is the minimum balances required to open a MMDA and IRA MMDA. Dividends are compounded and credited monthly and are paid at the stated rates on any amount on deposit according to the dividend calculation method in the account disclosure.

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