1. What are the rates?
Our share certificate rates are set each Tuesday. You can obtain
these rates through Webb-It 24® by clicking on the rates
tab, or my calling the Investment Department at (863) 683-6404
in the Lakeland area or (800) 226-6673 toll free.
2. What is the minimum to open a Share Certificate?
The six-month certificate requires a $500 minimum balance
to open. The one-year through five-year certificates require
a $1,000 minimum to open.
3. What is my penalty if I close the certificate before maturity?
If your certificate is one-year or less, the penalty is 31
days interest on the amount withdrawn. If your certificate
is longer than one-year, the penalty will be 90 days interest
on the amount withdrawn.
4. How do I buy a Share Certificate?
You can call the Investment Department or purchase the certificate
on line through Webb-It 24.
5. Do you offer IRA's?
Yes, we offer the Traditional IRA, Roth IRA, and the Coverdell
Education Savings Account. (Formerly Education IRA)
6. How do I make deposits to the IRA?
It's easy! You can make deposits/contributions through payroll
deduction, in person, or by mail.
7. How much can I contribute to the IRA?
You may contribute up to $4,000 on the Traditional and Roth
IRA's. The Coverdell Education Savings Account has a contribution
limit of $2,000.
8. I can't contribute $4,500?
Yes, if you are over age 50, IRS is allowing "catch-up"
contributions of an additional $500 on Traditional & Roth
IRA's.
9. I'm getting ready to retire can you help me?
Yes, we can arrange a "direct rollover" of your
ESOT plan, 401-K, or any IRS qualified retirement plan.
10. Can I get a monthly check from my retirement money?
Yes, we will set up a monthly distribution by check or by
transferring the requested amount to your credit union savings
or checking account.
11. Is there a fee to open or manage my IRA?
No, there is no fee for this service at PEFCU. You are in
control of your money.
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