Long Term Savings
Term Share Certificates
Similar to a certificate of deposit (CD) in the banking world, these are a great way to earn higher dividends on your deposited funds. With a term share certificate, members can lock in a higher interest rate by committing their money for a specified period of time. An excellent addition to regular savings accounts, share certificates guarantee a fixed rate of return, making them safe, secure, & risk free.
Benefits:
- Terms from 6 - 60 months with deposits insured to $250,000 by NCUA
- Open with as little as a $1,000 deposit, no maintenance fees and competitive rates
Coverdell Accounts
Parents are often concerned about saving for future education expenses. We offer the Coverdell Education Saving Account (click to open an e-brochure) to help you plan for their future. Our account representatives can open a Coverdell account for you, and help automate small contributions with every paycheck to make saving a little easier.
Appreciation Accounts
Dedicated savers may choose to become an Appreciation Account holder and earn higher dividend rates than regular share accounts! This account structure is divided into four tiers, and the balance in your account determines the
interest rate you earn.
Benefits:
- Liquidity of Funds - experience the benefit of a higher dividend rate, along with the flexibility of a regular savings account. You can deposit, withdraw and transfer funds without restriction.
- Higher Dividends on Share Certificates - earn a dividend rate on 48 and/or 60 month Share Certificates that is 1/4 percent higher than the regular rate.
- These deposits insured to $250,000 by NCUA
Eligibility Requirements -members must maintain a $2,500 minimum, have an active share draft account, and direct deposit with the same member number. (Payroll deduction applies to those companies who do not offer direct deposit.)
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