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Savings

Membership

Your Membership Savings account is the cornerstone of your partnership with Central Willamette. To join Central Willamette, you just need to live or work in Linn, Benton, Marion or Polk County or have an immediate family member who is a member. For only $5 you can open your membership account today which will be your share of Central Willamette. It's that simple. Once you become a member of Central Willamette, you're a friend for life.

Gold Plus (Money Market)

Use your Gold Plus Account to save for your longer term wants. This account offers a tiered rate so the more you save the more interest you'll earn.

CD (Certificate of Deposit)

A Central Willamette Certificate provides you with competitive rates to help you save for your future. You can choose the term of your Certificate...from a minimum of 12 months up to 4 years or anywhere in between, we call it Member's Choice Maturity.

Perfect Plan

Your Central Willamette Perfect Plan will provide you with a unique tool to save for specific events. Save for events that only come around once a year: Spring Break, Summer Vacation, Back to School, Property Taxes or Christmas. You have a choice of your maturity dates.

Individual Retirement Accounts (IRA)

It is time to make your working years count toward your retirement years. Central Willamette provides members with the financial tools to enable you to start contributing to your retirement years.

We offer Traditional IRA and Roth IRA. We encourage you to check with your accountant or the Internal Revenue Service (IRS) for guidelines to determine if your IRA contribution is tax deductible. If you do not qualify for a fully deductible IRA under IRS guidelines, taxes may still be deferred on IRA earnings until you begin to withdraw.

Members have a choice of a Deposit IRA or a Certificate IRA. Deposit IRAs are an ideal financial tool to build your retirement savings investments.

You may begin to withdraw funds from your IRA at any time after age 59½. However, at age 70½ funds must commence to be withdrawn. Funds may be withdrawn in a lump sum or periodically.

Educational IRA

Need a convenient way to save for your child's or grandchild's education? A Central Willamette Educational IRA is the financial tool that will assist you. A total of $2,000 can be invested for the child (the beneficiary) annually. Educational IRA contributions are not tax deductible. However, your contributions will grow tax-free, and you will not pay any taxes or penalties on money that is withdrawn for higher educational expenses before the beneficiary reaches age 30.

HSA

A health care plan combining cost savings with flexibility. HSA gives you more flexibility and control over your health care costs. That's because it empowers you to make your own health care decisions. Contact us for additional information.