We offer a variety of savings products designed to help you increase the value of the money you earn and the way you choose to save. All accounts can be accessed thru FREE On-line Banking, FREE Mobile Banking and FREE Select 24 (telephone audio response system). You will receive quarterly statements unless your account has ACH activity in which case you’ll receive a monthly statement. All of your savings accounts are insured by the National Credit Union Administration up to $250,000.00. Contact us for more details on any of the following accounts and get started on the path to saving.
Savings (Share) Account - Minimum deposit required for member/ownership in the Credit Union. All members must maintain a $5.00 balance at all times for membership with SELECT FCU. Dividends are earned and paid monthly. Savings accounts are ATM accessible. Monthly withdrawals are limited to four (4) per month with excess withdrawals subject to a $4.00 fee each.
"ZOO Crew" Savings Account – This account is the first step to savings for our youngest savers up to age 12. The account requires a minimum deposit and balance of $5.00. Parents can easily set up automatic transfers to the child’s account every payday. Annually we celebrate youth week with financial education, fun activities and awards. Monthly withdrawals are limited to four (4) per month with excess withdrawals subject to a $4.00 fee each.
"Super Teen Savers" Account - This account is designed for teens 13-17 who are learning the benefits of savings. The account requires a minimum deposit and balance of $5.00. Parents can easily set up automatic transfers to the teen’s account every payday. Members receive a quarterly newsletter geared at young adults. Annually we celebrate youth week with financial education, fun activities and awards. This account is also ATM accessible. Monthly withdrawals are limited to four (4) per month with excess withdrawals subject to a $4.00 fee each.
Savings Club - This account is designed to help our members save for the holidays, vacation getaways, or to pay property taxes, the choice is yours! The Savings Club Account pays higher dividends than your regular Savings account and is subject to ONE withdrawal per quarter with NO penalty. Make deposits throughout the year or set up automatic transfers to make saving a little easier and hassle free. A $10 opening deposit is required for the Savings Club account and dividends are earned and paid monthly on balances of $25.01 or more. Funds are not ATM accessible, $15 penalty if withdrawal limits are exceeded.
Share Certificate – Allows you to invest your savings for specific periods of time with guaranteed higher dividends. Dividends are posted monthly and can be compounded to the certificate for a higher annual percentage yield, paid monthly by check or posted to another SFCU account. The minimum to open is $500.00. Certain restrictions and early withdrawal penalties apply. Terms available are 6, 12, 24 and 36 months. There is an automatic renewal option with a 10 day grace period.
Individual Retirement Account (IRA) – A great way to save for your retirement. The minimum balance is $100.00. We offer Traditional and Roth IRA Accounts. The dividends are paid and posted monthly. Payroll deduction and/or direct deposit contributions are available. Withdrawals may be subject to penalty (please consult the IRS or a tax consultant).
* All accounts are subject to a $10.00 Early closing fee if closed within 60 days of opening. Accounts must have no activity for 30 consecutive days before closing. Please contact one of our knowledgeable Member Service Representatives for details on any of the above listed accounts.
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