o Minimum deposit for $5.00
o Convenience of payroll deduction or direct deposit
o Make transfers using our on-line banking, “PAT” system
o Make deposits in person, by mail, through payroll deduction, night depository and direct deposit.
o Pays dividends with a minimum balance of $99.01
o Fully insured up to $250,000 by the NCUA
Kids Club is available for kids 0-17 years of age. $5 is required to open the account with the proper form of identification and must have an adult over the age of 18 joint on their account. Kids Club is a special savings account that has a .3% interest rate. Once you turn 18 the account will roll over into our regular savings account with a current rate of .15% . $10.00 early withdrawal fee
This special Savings Account makes it easy to set aside for those things you really want just for the holiday season. Set aside some money on a regular basis — how much and how often is up to you. Then, when you decide, we'll disburse your savings, plus the dividends, just in time for the holidays. $10.00 early withdrawal fee
o Can be opened any time of the year
o You can use payroll deduction, transfers from savings or cash deposits
o Funds are deposited into your savings account the first week in October
Grow savings quickly and earn a higher rate with a Money Market Account. Dividends are compounded and paid out each month, based on your average daily balance. Money Markets also let you retain access to your funds with limited check-writing capabilities each monthly statement cycle.
o $500 or more to open and maintain balance
o Higher rates than regular savings account
o Full access to your account (some withdrawal restrictions may apply)
o Unlimited deposits anytime
o Unlimited over the counter withdrawals
o Six free electronic or telephone transactions or transfers per month, fees apply after that
o Free online or in person transactions
o No monthly fee
o Federally insured up to $250,000
A Certificate of Deposit guarantees a return and earns more interest than Primary Savings. Choose from terms ranging from 6 months to 5 years and lock in your rate. Longer terms earn higher rates and dividends.
o Requires just $500 to get started
o Fixed rate for fixed term
o No additional deposits allowed
o Early withdrawal penalties apply
o Most dividends compounded quarterly, paid quarterly
Begin saving for retirement while you're still earning income. IRAs offer tax-advantaged ways to set aside funds and are considered a great way to plan for your financial future. Choose to open a Roth, Traditional IRA or Educational IRA, depending on your situation.
o Additional incentives built into legislation for educational expenses and first home purchases.
o Increased flexibility of eligibility requirements
o Penalty free withdrawal features
o Potential of tax exempt earnings
Check with your tax advisor about which type is best for you.