Savings Accounts
The Keystone of Financial Planning
A savings account provides a secure and interest-bearing place to store your money while ensuring it remains readily accessible when needed. Unlike a checking account, a savings account is primarily designed for accumulating funds over time. It offers a safe way to save for emergencies, future expenses, or long-term goals. With features like compounded interest, automatic transfers, and minimal to no fees, savings accounts help individuals grow their money and build a financial safety net.
Whether you’re setting aside funds for a dream vacation, a rainy day, or your child’s education, a savings account is an essential tool to help you achieve your financial aspirations while keeping your money safe and sound.
Regular Savings
- A minimum deposit of $5.00 to become a member
- Dividends earned on balances of $50 or more
- 24-hour account access
- Unlimited over-the-counter withdrawals
Description | Rate | APY* |
---|---|---|
Regular | 0.10% | 0.10% |
Special Occasion | 0.10% | 0.10% |
IRA Shares | 0.10% | 0.10% |
Business | 0.10% | 0.10% |
Special Occasion Savings
Special occasion savings refer to a proactive financial strategy where you set aside funds specifically earmarked for noteworthy events or milestones.
Whether it’s a birthday celebration, holiday festivities, or a significant life event, having a designated savings fund allows you to allocate resources wisely and avoid financial strain during special occasions.
Open additional savings or Christmas Club* account by logging in to online banking and selecting open a subshare.
*For a Christmas Club account, the entire balance will be transferred to another account you have with us on or after October 1 and the account will remain open.