Chrisitan Financial Resouces, INC.

Type Annual Yield (APY) Minimum Investment Effective Date
Ready Access 1.80% $2,000* 04/01/2020
2.00% $1,000,000 04/01/2020
1-Year Certificate** 2.40% $25,000 05/29/2020
3-Year Certificate** 2.60% $10,000 04/01/2020
2.70% $250,000 04/01/2020
5-Year Certificate** 2.70% $10,000 04/01/2020
2.80% $250,000 04/01/2020
7-Year Certificate** 2.80% $10,000 04/01/2020
2.90% $250,000 04/01/2020
10-Year Certificate** 2.90% $10,000 04/01/2020
3.0% $250,000 04/01/2020
Flexible Certificate** Negotiable % $1,000,000 04/01/2020
*Not available for Individual Retirement Accounts. IRAs require a minimum $10,000 initial investment.**Early redemption penalty will apply

Individual Retirement Accounts


When you invest your retirement funds with CFR, you know where your money is and how it’s being used. Your growing nest egg helps to fund ministry projects and change lives. An IRA is a personal savings plan that provides income tax advantages to individuals saving for retirement purposes. IRAs with CFR can be invested in a Ready Cash Account or Time Certificate. CFR currently offers both Traditional and Roth IRAs.

Traditional IRA

  • Earnings grow tax-deferred

  • Contributions may be tax deductible

  • Maximum contribution of $5,500 per year

  • Catch-up contribution of an additional $1,000 per year for persons age 50 and up

  • Mandatory distributions and no further contributions allowed after age 70½

  • Distributions before age 59½ are subject to penalty tax, unless you have an early distribution exception

  • Can transfer any qualified retirement plan directly into a Traditional IRA without owing taxes or penalties

Roth IRA

  • Earnings grow tax-free

  • Contributions are not tax deductible

  • Maximum contribution of $5,500 per year

  • Catch-up contribution of an additional $1,000 per year for persons age 50 and up

  • Generally, contributions can be withdrawn at any time tax-free

  • Distributions not required during the lifetime of the Roth IRA original owner


    Consult Your Tax Advisor

    Neither CFR nor its representatives give legal, accounting, or tax advice. We always suggest that you consult with your tax advisor as to the applicability of this information to your own situation. For assistance in completing the necessary forms or have any questions, please call 1-800-881-3863.

    How to Invest: IRA

    For Individuals*

    1. Review the  2020 Offering Circular
    2. Contact the CFR office at (800) 881-3863
    3. CFR will help complete the additional IRA paperwork required for transfers, rollovers, and new accounts
    *Please note, if you are establishing a NEW IRA, please include your initial investment made payable to TMI Trust Company
    *IRA accounts are excluded from telephone transfers