| Account Type |
Features & Benefits |
| Regular Share Savings |
- Account balances earn a competitive dividend rate.
- Unlimited withdrawals & deposits
- Minimum account balance of only $5.00 ensures membership for life.
- FREE Life Savings Insurance is provided on account balances up to a maximum of $2,000 depending on member's age at the time money is invested and member's account balance.
- Accounts can be owned jointly (Accounts for minors must have a joint owner, who is not a minor.)
|
- Youth Savings
- Piggy Bankers Club
(Ages 2 & Under)
- Coindexter Club for Kids
(Ages 3-12)
- CU Succeed Teens Financial Network (Ages 13-17)
|
- Same features and benefits of Regular Share/Savings account listed above
- A joint owner must be associated with the account until the account holder reaches age 18
- Based on age level, account holder will receive specialized mailings throughout the year to promote healthy savings habits and smart financial behavior.
|
| Christmas Club Savings |
- Account balances earn a competitive dividend rate
- Savings term is November 1 through October 31, and funds automatically transfer to Regular Share Savings at the end of the term for easy access
- A small, early withdrawal penalty encourages savings
- No minimum account balance
- No minimum or maximum deposit amount
- Accounts can be owned jointly
|
| Vacation Club |
- Account balances earn a competitive dividend rate
- Savings term is May 1 through April 30, and funds automatically transfer to Regular Share Savings at the end of the term for easy access
- Vacation Club accounts are allowed 1 anytime withdrawal during the term
- No minimum account balance
- No minimum or maximum deposit amount
- Accounts can be owned jointly
|
| Share Certificate |
- Pays a competitive dividend rate, which is fixed for the term of the certificate with a minimum deposit of $500
- Various dividend payment methods & terms are available
- Can be used for your Individual Retirement Account (IRA) with a minimum investment of only $500
|
- IRA (Individual Retirement Account)
- Traditional
- Roth Traditional
- Coverdell Educational
- IRA Share Certificate
|
- Pays a competitive dividend rate
- Minimum investment is only $50.00 for regular deposit account or $500 for fixed term account
- May qualify as a tax deferred account (See your tax advisor for current IRS guidelines.)
- Provides additional income during retirement years
|
| Preferred Money Market |
- Pays a higher yield, monthly dividend fluctuating with money market fund on balances of $2,500+
- Check-writing capabilities are available for convenient access to funds
- Minimum beginning deposit of $2,500
- Funds may be deposited to account at any time
- Allowed 6 withdrawals per month (Minimum withdrawal amount is $250.)
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