Savings Options
Give Yourself Financial Security for the Future
Do you worry about outliving your money? Do you have money saved for emergencies? We can help alleviate financial stress by providing numerous options for you to save money for the near or long-term future.
Whether you simply want to save for an emergency fund or want to have the financial means to live the retirement you’ve dreamed of, we’re here to help!
You can compare the solutions we offer below, or stop by any of our offices during business hours to have one of our team members help you find the right solution.
Learn More about our Savings Solution
| Regular Savings | Single System Savings | Certificate of Deposit (CDs) | Individual Retirement Accounts (IRAs) | Friendship Club Savings |
|---|---|---|---|---|---|
An ideal solution for you if… | You want a flexible savings account that comes with interest. | You want to start saving and need a basic savings account. | You can spare funds to grow with a great rate over a period of time. | You want a retirement-specific account with certain tax advantages.* | If you are 50 years of age or older, you can qualify for membership by maintaining ONE of the following accounts: A balance of at least $1,500 in the interest bearing Friendship Club Account or A certificate of deposit of $10,000 or more. |
Benefits and features |
Interest will be compounded semi-annually and will be credited to the account semi-annually.
| Interest will be compounded monthly and will be credited to the account monthly.
| Earn a guaranteed rate for the life of the term
Numerous term lengths available to fit your specific needs
Deposits receive FDIC protection while growing | Traditional & Roth IRAs are available
Insured separately by the FDIC
Competitive interest rates and terms | Click here to review all the available features, travel opportunities, social & educational events. |
Fees, limits & requirements | Minimum Opening Deposit $150.00
Minimum balance fee of $3.00 per month if average daily balance falls below $100.00
| Minimum Opening Deposit $150.00
Minimum balance fee of $3.00 per month if average daily balance falls below $100.00
| Minimum deposit of $1,000.00 required
Early withdrawal penalties apply to all CDs | Minimum deposit of $1,000.00 required
Early withdrawal penalties apply to all IRAs | Minimum Opening Deposit $1,500.00 Minimum balance fee of $3.00 per month if average daily balance falls below $100.00
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*Please consult with your tax advisor.