457(b) DCP Certificates
Deferred Compensation is a non-qualified retirement plan offered to school employees. Identified by the Internal Revenue Service, section 457 of the Internal Revenue Code, the plan allows you to deposit a part of your salary into a tax-sheltered Deferred Compensation account each pay period through a payroll deduction. You do not pay income tax on the amount you contribute, or on any subsequent dividends earned, until the funds are distributed to you.
Deferred Compensation Certificates offer fixed rates, and are federally insured by the
NCUA.
Deferred Compensation Certificates Rates*
(Restricted by law to school employees)
Rates effective as of 11/20/2008, and are subject to change daily.
|
Term
|
Minimum Monthly Deposit
|
Dividend Rate
|
APY
|
| 12 Month Term |
$50, payroll deposit only |
3.92% |
4.00% |
 |
| 36 Month Term |
$50, payroll deposit only |
4.16% |
4.25% |
|
| 60 Month Term |
$50, payroll deposit only |
4.40% |
4.50% |
|
APY = Annual Percentage Yield
*Penalty for early withdrawal. Please see SchoolsFirst FCU's Disclosure & Agreement of Terms and Conditions brochure for specific details about any account.
Additional Deferred Compensation Opportunities
Learn More
To establish your Deferrred Compensation Plan, contact Member Retirement Services at 714/258-4000, extension 4727, or 800/462-8328, extension 4727.
