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Investment Accounts
Make the most of your savings with Mobility Credit Union.
Certificate Accounts
Details
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 to $250,000, depending upon the rate tier. For rates on certificate terms longer than 24 months, call 1 (214) 574-2000 or 1 (800) 388-7889.
Requirements & benefits
Requirement:
Minimum opening balance of $500 for lowest tier
Benefits:
No investment risk
Competitive rate of return during term length
Certificates can be used for a share secured loan
*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
Details
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 six withdrawals per month.
$100 minimum opening balance
$2,500 minimum daily balance; $10 monthly maintenance fee applies if balance is below $2,500
Individual Retirement Accounts
Details
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.
Requirements:
$100 minimum opening balance on all new accounts*
Maximum annual deposit
*Rollover or transfer of an existing Traditional/Roth IRA with a balance waives $100 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 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 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
Coverdell Savings Accounts
Details
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 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.
*Terms and conditions apply. Only Texas residents qualify to join the Texas Consumer Council.