When it comes to securing your financial future, you're presented with several savings options. Two of the most popular choices are Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). Metro Credit Union offers both savings tools, and we're dedicated to helping you understand the distinctions between them and their vital role in a well-rounded financial strategy. Certificates and CDs are similar products. Banks offer CDs, whereas Federal Credit Unions, like Metro, offer Certificates.


Certificates offer a secure and reliable method for growing your wealth over time. By choosing a Metro Credit Union Certificate, you commit to leaving your funds untouched for a specified period, known as the "term."

During this interval, your money earns interest typically higher than regular savings accounts. Here are some key advantages of opting for a Certificate deposit account with us:

  1. Safety: Members’ balances are protected by the National Credit Union Administration (NCUA), with insurance coverage extending up to $250,000 for each individual depositor. For additional information about standard share insurance, see the NCUA’s How Your Accounts are Federally Insured booklet.
  2. Competitive Rates: Certificates are offered at competitive rates with a fixed interest rate, guaranteeing a predictable and stable return on your savings by the end of the term.
  3. Flexible Terms: We offer a range of Certificate terms to accommodate your financial goals, whether you are saving for several months or years.

Individual Retirement Accounts (IRAs)

IRAs are potent tools for constructing a secure retirement fund. At Metro Credit Union, we provide both traditional and Roth IRAs, each with their unique advantages. Here's why opening an IRA account with us is a wise decision:

  1. Safety: IRAs are insured for up to $250,000 by the National Credit Union Administration (NCUA). This coverage is separate from, and in addition to, the $250,000 of coverage on other types of depository accounts.
  2. No Fees: Our IRAs come with no associated fees, ensuring you can make the most of your investments.
  3. Quick and Convenient Withdrawals: Easily access your funds when needed, providing a convenient and hassle-free experience.
  4. Tax Advantages: Traditional IRA contributions are made with pre-tax dollars and may be tax-deductible, lowering your current-year taxable income. Contributions to a Roth IRA are made with after-tax dollars, but withdrawals in retirement are tax-free. Consult with a qualified tax advisor for specific details on the tax benefits of IRAs.
  5. Long-Term Growth: IRAs permit your investments to grow tax-deferred or tax-free, depending on the type of IRA. This can substantially boost your retirement savings over time.

Metro members have the option to open regular IRA savings or money market accounts. Additionally, you can explore certificate-based IRAs. Consequently, for certain individuals, the optimal choice may entail both a certificate and an IRA, as it aligns with your short or long-term savings goals and preferences.

Why Choose Metro Credit Union for Certificates and IRAs

  1. Member-Centric Approach: As a member-owned credit union, our primary focus is serving our members' best interests. Your financial well-being takes precedence above all else.
  2. Competitive Rates: We offer competitive interest rates on both Certificates and IRAs, ensuring your money grows at a rate that may outpace inflation and accelerates your path toward financial goals.
  3. Personalized Guidance: Our experienced staff is here to assist you in making informed decisions for your financial future. We'll help you determine which option – Certificate, traditional IRA, Roth IRA, or a combination – aligns with your unique needs and aspirations.
  4. Security and Trust: With a long history of serving our community, Metro Credit Union is a trusted financial institution. You can have confidence that your money is in secure hands.

Whether you're looking for a short-term savings option or planning for retirement, Metro Credit Union has you covered with our Certificates and IRAs. These financial tools are designed to help you grow your wealth, secure your future, and achieve your financial dreams.

Contact us today to get started on your path to financial success. It’s simple: best rates, neighbor focused. Check with us first!

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