Like our Share Certificates, an IRA certificate offers guaranteed earnings over a term of your choice. The difference is that you get to choose if you want to pay taxes on your contributions or your future withdrawals.
Once you've chosen your Certificate term, from 3 months to 60 months, you need to decide if you want to open a Traditional or Roth IRA.
A Traditional IRA Certificate is good if you think your income will be higher in the future, so you want to enjoy tax deductions on your contributions now and pay taxes on your withdrawals later.
A Roth IRA Certificate is better if you think your income will be lower in the future, so you want to pay taxes on your contributions now and enjoy tax-free withdrawals later.
Both options let you withdraw funds at the end of your term or move your balance into another Certificate with the same or different term.
When you open an account with Wasatch Peaks, you become a member of our cooperative and get a say in how we run things.
We're here to serve the people of Weber, Morgan, and Davis Counties, Utah – not spin a profit for outside shareholders.
We give our revenue back to you through low fees, competitive rates on loans, and generous yields on savings tools like our IRA Certificates. Above all, we care about the members of our community and are proud to support our youth by partnering with local schools, organizations, and events.
Enjoy the high rates of a Certificate account but with easier access to your funds. Plus, make ongoing deposits up to a balance of $100K.
Choose the certificate term to match your goals and use automatic transfer or payroll deduction to save for your pre-planned expenses quickly.
Earn higher rates than regular savings with more accessibility than a certificate. Best of all, your rates increase as your balance reaches milestone amounts.
