Saving options
“This savings account requires just a $5 opening deposit and compounds dividends quarterly.”
What is a Membership Savings account?
What does APY mean
Annual Percentage Yield
“This account accepts no opening deposit and compounds dividends quarterly
What is the Basic Savings account?
earn interest on your money — and on the interest you've already earned
.what does compounded mean
This type of savings account requires only $5 to open, compounds quarterly, and is designed for younger members.”
What is the Youth Account?
the CU adds up your balance each day of the month, then divides it by the number of days. It’s like finding the “middle amount” you had all month
What is average daily balance
If you enroll in this account and meet direct deposit requirements, you can earn up to 2.00% APY on balances up to $50,000
What is the Qualified High‑Yield Savings account?
It protects your money in a credit union savings account, up to $250,000
What is NCUA
“This account, often used for managing funds set aside for taxes or insurance, yields 0.05% APY.”
What is the Escrow account?
This savings feature automatically rounds your debit card purchases to the nearest dollar and deposits the extra into your savings account.”
wHAT IS DEBIT CARD ROUND UP