Savings Accounts


Share Savings

An FFFCU savings, also known as a Share account, can be opened with a minimum deposit of $50. This represents your share and ownership in the credit union. Once you open a Share savings account, you can add other types of accounts to manage your money more effectively.

Share dividends are paid quarterly and updated monthly to ensure you are receiving the highest possible return on your savings.

 

Youth Savings/Eaglet Club

Teach your children ages 15 and under the value of savings. Sign them up for the “Eaglet” club.

To join, open an account with a minimum of $25 or, if you already have an account, call and sign up.

Watch for fun and exciting things to come to the club. Those who sign up or join will get an “Eaglet”. Get more information by clicking below.

 

Term Share Certificates

If you’re looking for a higher return on your savings, you may want to consider a “Term Share Certificate.” Generally our “Term Share Certificates” pay higher dividends than regular share accounts. Investing in a “Certificate” is completely safe and doesn’t require you to pay a sales commission. All you have to do is be willing to commit to a fixed term. Generally, the longer you’re willing to commit your money the more dividend you’ll earn.

Reasons to invest in a Term Share Certificate:

  • Higher dividend rate because you’re willing to commit to a fixed term.
    • Available in 6, 12 and 18 month terms.
  • Requires no sales commission.
  • Minimum investment is just $500.
  • Absolutely safe. Federally insured to $250,000 by the National Credit Union Administration.
  • There is a penalty for early withdrawal but you always have the option of borrowing against a Term Share Certificate.

 

 

Money Market Accounts

At FFFCU, we offer Money Market accounts that provide a higher rate of return than regular savings without the long-term commitment of a Certificate of Deposit. With a Money Market account, your savings is available when you need it with no penalty.

 

If you’re like most of us, you’re probably wondering how you’ll ever be able to retire. The economic challenges we’ve seen lately have certainly taken their toll on retirement accounts. At FFFCU we recognize this. That’s why we’ve worked hard to bring the most competitive rates to our IRA Accumulator and Certificate accounts. At FFFCU we offer the following IRA choices. Both will allow you to avoid the usual exorbitant fees often associated with an IRA.

Traditional IRA

There is no easier vehicle to defer taxes than a Traditional IRA.

Roth IRA

A Roth IRA allows you to save money on after tax earnings and avoid paying taxes on the interest earned.

There are advantages to both.

Just like you regular savings, all IRAs are federally insured to at lest $250,000 and backed by the full faith and credit of the United States Government, National Credit Union Administration, a U.S. Government Agency.

For IRA limits and current contribution limits see the link below.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits.

Savings Rates

Savings TypeMinimum BalanceDividend RateAPY
Checking$5000.150%0.150%
Share Savings$500.250%0.250%
IRA Shares$10.350%0.350
Money Market Account
$0.010.250%0.250%
$1,0000.300%0.300%
$5,0000.350%0.350%
$20,0000.400%0.401%
$50,0000.450%0.451%
Term Share Certificates
6 month term$5000.150%0.150%
12 month term$5000.250%0.250%
18 month term$5000.350%0.350%
6 month term$20000.250%0.250%
12 month term$20000.450%0.451%
18 month term$20000.500%0.501%
IRA Term Savings Certificates
Traditional IRA - 12 month term$20000.700%0.702%
Traditional IRA - 18 month term$20001.000%1.004%
Roth IRA - 12 month term$20000.700%0.702%
Roth IRA - 18 month term$20001.000%1.004%
* APY is Annual Percentage Yield. Dividends are paid quarterly. All rates are subject to change without notice.
Effective 1/1/2017