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Share AccountsYour regular share account is automatically created with the first $5.00 of your deposit. Your initial $5.00 deposit gives you membership to the credit union and must be maintained in your share account at all times. Additional deposits and withdrawals may be made at any time in any amount. There are no fees involved with this account and dividends are paid quarterly. Click here for further account disclosures. Additional Savings AccountsYou may consider opening separate savings accounts in order to put money away for that special something. These extra accounts pay the same interest rate as the regular share account. You can open an extra account by phone, It's Me 247 online banking or in person at the credit union main office. There are no added fees to open one of these accounts. Click here for further account disclosures. Hi-Yield Money Market AccountOur High-Yield Money Market Account offers the convenience of easy access to your funds and a higher rate for your money. The minimum required balance to open an account is $2000.00. This account earns daily interest and is paid monthly. You can withdraw from this account by check, ATM, or in person. Click here for further account disclosures. Vacation AccountThis account helps you accumulate funds for vacations. Our Vacation Account pays the same interest as our regular share account. There are no minimum deposits required and you can withdraw the funds whenever needed. Click here for further account disclosures. Holiday Club AccountWe all know that having enough money for the holidays is always on our minds. With a Holiday Club account you ease those worries. You can open the account at any time. Interest is paid at the end of the holiday club year (September 30) and funds are automatically deposited into your regular share account on October 1. Early withdrawal will close this account and forfeit interest. Click here for further account disclosures. Certificate of Deposit FEDCom CU offers a wide variety of certificates of deposit. Enjoy higher yields on our certificate products. Penalties apply for early withdrawal: As a credit union depositor, you are entitled to the full interest rate as stated upon your Certificate of Deposit, providing you do not withdraw your funds earlier than the maturity date stated. Should you find it necessary to withdraw your funds prior to the maturity date stated, your accumulated interest and/or principal may be reduced in accordance with established penalties. Penalties for early withdrawal are based upon the term or length of time funds were to remain on deposit. The longer the term, the higher the penalty. Specific penalties for specific terms will be disclosed on your individual Certificate of Deposit. Click here for further account disclosures. |
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©FEDCom Credit Union Last Updated: May 3, 2011 |
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