It's important that your savings account offer a high rate of return while providing for safety and soundness. Many experts' say that it is wise to keep an emergency fund equal to 3-6 months take home pay in an easily accessible savings account. The following are brief summaries of the types of savings vehicles available at your Credit Union. A Regular Share Account qualifies you for membership in the Credit Union and is the foundation for realizing you r financial goals. This account offers easy access, competitive rates and insured deposit safety.
Payroll deduction is available to establish an easy to maintain savings plan.
Commonly called a money market account, this savings plan allows you to earn a higher rate of interest while permitting access to your funds without penalty for early withdrawal. Dividends are paid from the date of deposit to the date of withdrawal on the last day of each month. You may also use your Money Master account for overdraft protection for your checking account. Certificates may be purchased for 12,18 or 24-month terms. The rate of return may be determined by the term of the certificate.