1st Mississippi Federal Credit Union

Savings

1st Mississippi Federal Credit Union offers a variety of savings programs to help you earn the most for your money.

Regular Savings

Watch your savings grow while acquiring ownership.   Add payroll deduction and watch your account grow even faster!

1st Beginnings Savings

 This feature-filled account is available for those under the age of 18.  What a great way to teach your children/grandchildren the importance of saving!  

Contact our member services for more details.

High-Yield/Money Market Savings

Want your money to earn interest at higher market rates but need your money to be available when you need it?  Then what you need is a high-yield/money market savings account.

Share Certificates

You know saving is smart, so why not earn the highest rates possible in an insured account?  Share Certificates are a smart way to invest wisely and know your return ahead of time. 

Certificate Types:

Traditional IRA

Playing it smart by planning ahead for retirement?  By investing in an IRA you can help make your retirement years some of the happiest years of your life.

Individual Retirement Arrangements (IRAs) were created to give wage earners a tax-deferred investment plan for retirement. Open a Traditional IRA and take advantage of the following benefits:

Roth IRA

If you like the idea of getting taxed only once and having all earnings tax free when you or your beneficiary withdraw them, then consider the Roth IRA.

Here’s how it works: 

*All contributions and earnings left in the Roth IRA for at least five years and withdrawn after age 59½ will not be taxed, no matter what your tax bracket or income level. And, unlike the Traditional IRA, mandatory distribution is not required at the age of 70 ½.

* Please consult your tax consultant when pulling any funds*