Open an account for any special savings needs (vacations, taxes, down payments, etc) without hurting your budget. There is no minimum balance required and no withdrawal restrictions. Your money earns dividends monthly on your average daily balance.

Higher earnings, together with the security of federal deposit insurance makes a Franklin-Somerset Federal Credit Union Share Certificate an excellent investment choice. You can purchase a Share Certificate with a minimum balance of $500.00, with a variety of maturities from six months to five years. Dividends are paid monthly on the daily balance. Share Certificates cannot be redeemed before maturity without a penalty.

An Individual Retirement Account (IRA) is a personal, tax-sheltered account into which you deposit money during your earning years to help cover your expenses during retirement. Federal law governs both IRA contributions and withdrawals. Franklin-Somerset Federal Credit Union has several IRA options for you.

Traditional IRA Club	Traditional IRA Share Certificate
Roth IRA Club	Roth IRA Share Certificate
Educational IRA Club	Educational IRA Share Certificate

This is an excellent place to begin your IRA program. An IRA Club account offers both flexibility and competitive earning. Only $5.00 is required to open your IRA Club account and your money earns dividends monthly on the average daily balance. You can make additional deposits at any time and in any amount, up to the maximum annual limit. Many members choose to have their IRA contributions made automatically through Direct Deposit or Payroll Deduction. There are no credit union penalties for early withdrawal from your IRA Club account. IRS penalties may apply.

You can purchase an IRA Share Certificate with a minimum balance of $500.00 or any amount up to the maximum annual limit, with a variety of maturities from six months to five years. Dividends are paid monthly on the daily balance. IRA Share Certificates cannot be redeemed before maturity without a penalty. IRS penalties may apply.