Investment Options

Highmark's comprehensive suite of investment options provides every member with choices, whether you want liquidity or long term growth?

Money Market Account

  • Compared to a Share Saving account, a Money Market Account offers a higher earning investment option with liquidity and security.
  • It pays dividends on savings with balances as low as $1.00.
  • This option also allows for six (6) free automatic withdrawals per month – up to three (3) may be made by check.

The “Elite” Money Market

  • A high earning investment option that offers liquidity and security.
  • It pays dividends on savings with balances as low as $2,500.
  • Allows for six (6) free automatic withdrawals per month – of which, up to three (3), may be made by check.

Share Certificates

  • Often referred to as CDs, this account offers a fixed rate for a predetermined length of time.
  • No risk: Your rate will never decrease during the term of your CD.

Individual Retirement Accounts

  • Allow earnings to compound over time on either a tax-free or tax-deferred basis.
  • Investments can compound more quickly than those in taxable accounts .
  • Offers flexibility for your changing financial needs.
  • Investment may be used for a first time home purchase or qualified college education expenses.

Traditional IRA

  • Money placed in a traditional IRA grows tax-deferred and is only taxed when it is withdrawn.
  • Choose if you want a tax deduction now or if you think you’ll be in a lower tax bracket when you retire.
  • No income limits and contributions may be tax-deductible.
  • Anyone under the age 70 ½ who earns compensation can contribute.

Roth IRA

  • Flexible investment allows you to withdraw regular contributions at any time, tax free, and penalty-free.
  • Choose if you think that your tax rate will be higher when you retire or if you might need the money before age 59 ½.

Coverdell Education Savings Account (ESA)

  • Help pay for your child’s qualified elementary or secondary education expenses - tuition, fees, books, equipment.
  • Make contributions to a child’s Coverdell ESA until he or she reach age 18.
  • Offers the potential for tax free withdrawals, including earnings.
  • Contributions are not tax deductible.