Investment Accounts 

Certificate Accounts

If you’re looking for a competitive rate of return and don’t need quick access to your funds, then a certificate account may be right for you. MOBILITY CU has a variety of certificates to meet your needs. Our certificates have terms of 3, 6, 9, 12, 18, 24, 36, 48 and 60 months. Minimum deposit requirements range from $500.00 to $250,000.00, dependent upon the rate tier. For rates on certificate terms longer than 24 months, call 1-214-574-2000 or 1-800-388-7889.

REQUIREMENT:

• Minimum opening balance of $500.00 for lowest tier

BENEFITS:

• No investment risk
• Competitive rate of return during term length
• Certificates can be used for a share secured loan

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*APY is Annual Percentage Yield. Qualifying criteria apply. After maturity, if you choose to roll over your Certificate, it will earn the APY in effect at that time for the given term.

High Yield Savings Account

A MOBILITY High Yield Savings Account provides you the earning power of an investment account while still giving you access to your funds. Dividends earned on a MOBILITY High Yield Savings Account are higher than most investment accounts and based on a tier structure. The more funds you have on deposit, the more dividends you earn. You are also allowed up to 6 withdrawals per month.

• $100.00 minimum opening balance
• $2,500.00 minimum daily balance; $10.00 monthly maintenance fee applies if balance is below $2,500.00

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Individual Retirement Accounts

TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT (IRA)

Save for retirement with a Traditional IRA deposit account. An IRA offers a great rate, no annual maintenance fee, and the benefit of tax-deferred earnings. The minimum balance to open an IRA account is $100.00.

Requirements:

• $100.00 minimum opening balance on all new accounts*
• Maximum annual deposit
• *Rollover or transfer of an existing Traditional/Roth IRA with a balance waives $100.00 minimum opening balance

Benefits:

• No-risk savings “nest egg” for retirement with contributions and earnings tax-deferred
• Funds transferrable to another IRA

TRADITIONAL IRA CERTIFICATE

With a Traditional IRA Certificate, you’ll earn the same current yield as MOBILITY CU’s regular certificate accounts, while enjoying the tax benefits of an IRA. For a low minimum balance of $500 and terms of 12, 24, 36, 48 and 60 months, you can choose a certificate to fit your needs.

Requirements:

• $500.00 minimum opening balance

Benefits:

• No-risk savings “nest egg” for retirement with contributions and earnings tax-deferred
• Competitive rate of return on funds during term length
• Funds transferrable to another IRA

ROTH IRA

A Roth IRA offers benefits not available on traditional IRA products: withdrawals without a penalty or tax liability, no mandatory withdrawal requirements at age 70.5, and tax advantages for your heirs. In addition, you may be able to convert all or part of your Traditional IRA to a Roth IRA. Consult a tax advisor for additional information regarding eligibility for tax deductions, tax and penalty free withdrawals, and eligibility requirements for IRAs.

Requirements:

• $500.00 minimum opening balance

Benefits:

• No-risk savings “nest egg” for retirement with contributions and earnings tax-deferred
• Different benefits than traditional IRA products
• Competitive rate of return on funds during term length
• Funds transferrable to another IRA

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Coverdell Savings Accounts

Saving for your child's or grandchild’s education has become easier. Coverdell Savings Accounts are now available. A Coverdell Savings Account is an investment tool created for the purpose of paying for the future cost of a child's elementary, secondary, or higher education. The plan allows total after-tax contributions of $2,000.00 per year for each child until they reach the age of 18. These contributions and their subsequent earnings are tax-free when withdrawn to pay for qualified education expenses. The minimum balance to open this account is $100.00.

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