|
A share savings account
is the basic account needed to establish your credit union
membership. By maintaining your share savings account, you
have access to all other credit union products and services,
and earn a higher dividend rate than paid by most other financial
institutions.
A share savings account with RFCU can be opened and maintained
with as little as $5.00 and carries no monthly fees. (Minimum
balance of $100.00 required to earn dividends; dividends are
paid quarterly.) For current saving rates, click
here.
TOP
| |
RFCU
Share Savings |
BB & T |
SunTrust |
Wells Fargo |
Bank of America |
| Rate |
.10% APR,
.10% APY |
.05% |
.01% |
.01% |
.01% |
| Min Opening Deposit |
$5.00 |
$0 |
$100 |
$100 |
$25 |
| Min Bal to Earn Div |
$100.00 |
$0 |
$0 |
$0 |
$0 |
| Min Bal to Avoid Fees |
$0 |
$0 |
$300 |
$300 |
$300
$2500* |
| Comments/Fees |
No
monthly
fees |
Available only by opening online |
$4 per w/d over 2
$4 / mth if bal is <$300 |
$5 if bal <$300 |
$3 per w/d over 3
$5 if bal <$300
*$3 per w/d if bal is <$2500 |
TOP
Saving for the holidays and
vacations are easy. With a RESOURCES FCU Club Account, you
can save a little at a time all year long using a variety of
deposit methods. (Minimum balance of $100.00 required
to earn dividends; dividends are paid quarterly.)
TOP
An RFCU Share Certificate
is a great service to utilize when you have funds perhaps you
might not need for a while and would like to gain a higher
rate of return than a traditional share savings account. Plus,
share certificates offer a guaranteed rate of return
so you can be certain that what you put in is what you get
back - plus dividends for your term! One of the safest deposit
choices available, share certificates are also included in
the $250,000 insurance coverage provided by the NCUA.
Additional .25% on all CDs with new checking account with debit card.
RFCU offers several terms and minimum deposit levels to fit
members’ needs: Minimum opening deposit amounts begin
at $1,000.00 and terms begin at 3-months. Dividend rates are
updated regularly, so be sure and visit our Rates page
for the most recent posting.
TOP
Let's face
it - your savings is the backbone of your financial plan, your
source of funds in time of need, and your nest egg that grows
with you to provide for the future. At RFCU, we strive to provide
our members with the best options to enable their savings to
accomplish these goals - and more. One of those options is
the RFCU Money
Market Share Account (MMSA). As a tiered, rate sensitive
product, the MMSA is designed to offer members an additional
savings vehicle to meet their unique goals and timeframes.
RFCU
MMSA's are available in the following tiers:
$2,000.00 - $19,999.00
$20,000.00 - $74,999.00
$75,000.00 & Above
Over $250,000.00
And, remember, once you
have an account with RFCU, your family can, too! Credit union
membership is one of the best gifts you can give your family
members. (Spouse, mother, father, brother, sister, children,
step-children, grandchildren, and grandparents are eligible).
TOP |
