Certificates & IRAs

To earn a better rate on your money, look to Share Certificates or IRAs (Individual Retirement Accounts). By committing to keeping your money in one place for a set period of time – anywhere from as little as 3 months to as much as 5 years – you’ll earn more in return on your savings or investments.

If you know you won’t need access to your money during a specific length of time, this is a great way to get more back and have more money set aside for the future.

  • Invest with confidence for short-term and long-term goals. Certificates are available for terms from as short as 3 months to as long as 60 months, with an opening deposit as low as $500.

    Rates

    Term Rate APY*
    3 months 0.250% 0.25%
    6 months 0.499% 0.50%
    12 months 1.046% 1.05%
    18 months 1.145% 1.15%
    24 months 1.590% 1.60%
    30 months 1.689% 1.70%
    36 months 1.788% 1.80%
    48 months 1.985% 2.00%
    60 months 2.231% 2.25%

    *Annual Percentage Yield.  Members 60 years old or better receive an additional 0.10% increase on all new share certificates on any non-special certificate rates. Special promotional rates may not be combined with other offers. A penalty may be imposed for withdrawals before maturity. If your certificate has an original maturity of 12 months or less, the penalty will equal 90 days’ worth of dividends on the amount withdrawn, whether earned or not. If your certificate has an original maturity greater than 12 months, the penalty will equal 180 days’ worth of dividends, whether earned or not. Fees could reduce the earnings on the account. Rates shown are effective as of May 21st, 2018.

  • You can save for your retirement, education, or other qualified life events with one of our IRA (Individual Retirement Account) options. Best of all, unlike many other financial institutions, at Meridian Trust there are no maintenance fees. This means you're able to keep more of your money. Starting sooner rather than later pays off, so don't delay getting your IRA going today.

    Learn how to transfer your existing IRAs to Meridian Trust, send us an email.

    Individual Retirement Accounts can be opened as:

    • An IRA Share Certificate (CD) with a minimum balance of $500
    • An IRA Money Market Account, or as
    • An IRA Share Savings Account

    Choose from the following IRA types at Meridian Trust:

    Traditional IRA

    A traditional IRA lets you build your retirement savings, while enjoying tax benefits. You will not pay tax on your earnings until you make withdrawals. Your contributions may be tax-deductible. This could be your best option if you are under 70 and have earned income.

    Roth IRA

    Unlike a Traditional IRA (above), your contributions with a Roth IRA are not tax-deductible. However, your earnings grow tax-deferred and withdrawals can be made tax-free. Also unlike a traditional IRA, you aren’t required to make annual withdrawals at a certain age. A Roth IRA may be the better choice for you if you expect to be in a higher tax bracket in the future.

    Rollover IRA

    Move assets from your previous employer-sponsored retirement plan into a Meridian Trust IRA. You continue to keep the tax benefits. If you’ve changed jobs or have retired, this could be the best choice for you right now.

    Coverdell Education Savings Account

    This is an account to help parents and students save for education expenses. The total contributions for the beneficiary of this account cannot be more than $2,000 in any year, no matter how many accounts have been established. A beneficiary is someone who is under age 18 or is a special needs beneficiary. Contributions to a Coverdell ESA are not deductible, but amounts deposited in the account grow tax free until distributed. Distributions are tax-free as long as they are used for qualified education expenses, such as tuition and fees, required books, supplies and equipment and qualified expenses for room and board.

    Simplified Employee Pension Plan (SEP)

    A SEP plan can provide a source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees. A SEP does not have the start-up and operating costs of a conventional retirement plan and allows for a contribution of up to 25% of each employee's pay. Available to any size business.

    Rates

    Term Rate APY*
    3 months 0.250% 0.25%
    6 months 0.499% 0.50%
    12 months 1.046% 1.05%
    18 months 1.145% 1.15%
    24 months 1.590% 1.60%
    30 months 1.689% 1.70%
    36 months 1.788% 1.80%
    48 months 1.985% 2.00%
    60 months 2.231% 2.25%

    *Annual Percentage Yield. Penalty may be imposed for early withdrawal. Members 60 years old and above, receive an additional 0.10% increase on all new share certificates. Special promotional rates may not be combined with other offers. Fees could reduce the earnings on the account.

    $500 minimum deposit. Share Certificates may be added to in $500 increments up to an additional $5,000 during the term of the certificate. Compounded quarterly.

    Rates are declared by the Board of Directors and may change without notice. Certificate rates shown are effective as of May 21st, 2018.

To open your new Share Certificate or IRA Certificate at these great rates, or for more information; stop by your local branch, call 1.800.726.5644 or email us


 


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