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Beware of SCAMS! Fraudsters are known to impersonate SDCCU and other financial institutions by email, telephone, and text to cause confusion, create a sense of urgency, and get you to hand over your personal information or deposit fraudulent items. Contact SDCCU directly at 877-732-2848 if you are contacted and feel nervous about the situation. Visit sdccu.com/blog to find out about the latest common scams.
Beware of SCAMS! Fraudsters are known to impersonate SDCCU and other financial institutions by email, telephone, and text to cause confusion, create a sense of urgency, and get you to hand over your personal information or deposit fraudulent items. Contact SDCCU directly at 877-732-2848 if you are contacted and feel nervous about the situation. Visit sdccu.com/blog to find out about the latest common scams.
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IRA Certificates vs. Certificates

IRA Certificates vs. Certificates

Individual retirement account (IRA) certificates and certificates are usually lumped together when discussing certificates, but do you know the difference between the two? Here’s a guide to help differentiate between the two and determine which account best suits your needs. Always consult with a tax advisor to understand how an IRA or a certificate may impact your specific financial situation.

Certificates are savings accounts that pay interest for a certain amount of time (known as a term), while IRA Certificates are certificates that offer tax benefits. The main difference between certificates and IRA Certificates is that IRA Certificate holders do not have to pay taxes on any interest earned until the funds are withdrawn (typically after retirement when the investors' current income is lower), whereas certificate holders have to report any dividends received. 

If you're planning to retire soon or have already retired, an IRA Certificate is a preferred investment over a traditional certificate.

View our current certificate rates below.

View Rates

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