Pay Yourself First
Your credit union offers a number of Investment accounts for your savings plan.
Dividends are paid monthly on all savings products.
Savings Account
The Savings (Share) Account is the primary account for every credit union member. Every member is required to open a Savings Account and maintain a $5.00 minimum balance to remain an active member. This account begins paying dividends with a minimum $100.00 average daily balance.
Money Market Accounts
A great way to earn dividends and have liquidity is by depositing your funds into a Money Market Account. While these accounts have limited access, they earn higher dividends than a Savings Account. The Money Market Account pays interest with a minimum $2,500 account balance.
Jumbo Money Market Accounts
This account pays higher interest than the Money Market with a minimum $15,000 account balance.
Platinum Money Market Accounts
This account pays higher interest than the Jumbo Money Market with a minimum $25,000 account balance. Members must have an active Cardinal Checking Account with a minimum of $500 direct deposits each month.
Certificates
A Certificate is a time-savings instrument. The money on deposit must remain on deposit for the agreed term in order to earn the stated dividend. There is a penalty for early withdrawal. $500 minimum to open.
Certificate Terms Available
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- 3 Months
- 6 Months
- 9 Months
- 12 Months
- 18 Months
- 24 Months
- 36 Months
- 48 Months
- 60 Months
Individual Retirement Accounts (IRA)
Individual Retirement Accounts are intended to help people save for their retirement. Several types of Individual Retirement Accounts (IRA’s) are available: Traditional IRA, IRA Savings, Roth IRA, Educational IRA. IRA’s may also be obtained as a certificate. IRA CDs now match traditional CD rates offered. (Periodic payments may only be made from an IRA Savings Account.)
IRA Terms Available
- 3 Months
- 6 Months
- 9 Months
- 12 Months
- 18 Months
- 24 Months
- 36 Months
- 48 Months
- 60 Months
Holiday Club Accounts
Pay yourself first! Take advantage of direct deposit and set up a Holiday Club Account today. You can open a Holiday Club Account with as little as $5.00. Your funds are deposited into your savings or checking account on November 1st and the account remains open for next year.
Sub-Savings Accounts
Up to nine accounts per member, and you can name each account.