Savings | Icon Credit Union

Savings

We all know the importance of having some cash in the bank. Whether you are planning long-term savings for you or a family member or just are setting money aside for a little security, we have a savings program that fits you.

Savings Programs

  • $25 minimum balance
  • Penalty-free withdrawals
  • Earn quarterly dividends
  • Ideal for those just getting started
  • Learn more

See our Iconic rates

Open an Account Online! »

  • Minimum deposit of $500 with no maximum deposit
  • Penalty-free withdrawals
  • Higher yields and liquidity on larger savings balances
  • Ideal for those who can always leave $500 in their account
  • Learn more

See our Iconic rates

Open an Account Online! »

  • $500 minimum opening deposit. $50,000 minimum balance to earn high-yield dividend.
  • Penalty-free withdrawals
  • Earns competitive dividends
  • Ideal for those ready to let their money work for them
  • Learn more

See our Iconic rates

Open an Account Online! »

  • Medical Savings Accounts are designed to help you save for medical expenses, reduce Idaho state income taxes, and earn tax-deferred dividends. Contact a Member Relationship Officer to open an account today.
  • Learn more

Certificates of Deposit

  • $25 minimum deposit with required $10 monthly minimum deposits
  • Penalties applied if withdrawals made before maturity date, fixed for 30 months
  • Earns competitive dividends
  • Ideal of saving for kid’s college
  • Learn more

See our Iconic rates

Open an Account Online! »

  • $500 minimum deposit
  • Penalties applied if withdrawals made before maturity date
  • Earns quarterly dividends and dividends on date of maturity
  • Ideal for stable growth
  • Learn more

See our Iconic rates

Open an Account Online! »

Individual Retirement Accounts

You can contribute to a Traditional IRA if you earn compensation and you will not reach age 70 1/2 by the end of the year. If you file a joint tax return, you can treat your spouse’s compensation as your own (except your combined contributions cannot exceed your combined compensation). All earnings in the Traditional IRA are not taxed until they are withdrawn. The ability to defer taxes on the earnings, and to withdraw in a year when you may be in a lower tax bracket, can mean more after-tax dollars for your retirement. See your tax advisor to determine if your contributions are tax deductible.

Learn more

See our Iconic rates

Unlike Traditional IRAs, your contributions to a Roth IRA are never tax-deductible. However, the money in your Roth IRA, including earnings, can be withdrawn tax-free. Of course, you must conform to the plan provisions to get this tax-free advantage. You are eligible if you earn compensation and your income is less than limits set by Congress. A single filer who has modified adjusted gross income (MAGI) up to $95,000 can make the full Roth IRA Contribution for that year. Each spouse filing a joint federal income tax return showing a MAGI up to $150,000 can make the full Roth IRA contribution for that year. Some people with higher MAGI may be able to make smaller contributions.

Learn more

See our Iconic rates

We can help. Whether you have recently switched careers or your position has changed, leaving your wealth in your previous employer’s plan may not be the best solution. We’ll help roll over your existing IRA and provide strategies to aid with your new opportunities.

Learn more

See our Iconic rates

Savings-Icon-Desposit-pageSavings tip:
Use direct deposit or a payroll deduction to establish a regular savings plan. We can even help set up an automatic transfer for you!