IRAs

• IRA share accounts: Build your IRA the easy way, a little at a time. Start with as little as $1 and deposit what you can when you can. You can even set up payroll deductions to automatically go into your IRA.
• IRA Certificates:  Increase your IRA earnings with just $500 and open an IRA certificate with maturities from 12 to 60 months. The IRA certificate rate is determined by the term you choose and is fixed for that period. Dividends are paid on the full balance of the certificate plus accumulated earnings paid to the certificate. Earnings are paid monthly and are added to the balance of the certificate.
• Insured Retirement Savings:  Your IRA deposits at NH Federal Credit Union are  insured to $250,000 by the National Credit Union Administration, an agency of the federal government.  
• Early Withdrawal:  Normally, you will pay a penalty if you withdraw your certificate before the maturity date.  For certificates with a term of 12 months, the early withdrawal penalty is 90 days of simple dividends (not compounded). For certificates with a term of over 12 months, the early withdrawal penalty is 180 days of simple dividends (not compounded). If necessary, the principal will be invaded in order to pay a certificate penalty.  Also note:  If you are under age 59 1/2, you will also pay a penatly tax for IRA withdrawals that are not reinvested into another IRA or qualifying plan.