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A credit union share account can
help you make the most of your savings.
These accounts are the foundation of the credit
union and make the depositor a voting
member/owner. Once you have established your
share account, you are then eligible for any
other service the credit union offers.
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All About Saving |
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With a minimum opening deposit of $5.00, you
are purchasing a share of the credit union.
Dividends are paid monthly based on the
daily balance for the month. The account
must maintain a minimum balance of $50.00 to
receive a dividend. The account must
maintain a minimum balance of $5.00 to
remain open. Once you have
established your share account, you are then
eligible for any other service the Credit
Union offers.
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Types of Savings Accounts |
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Money Market Accounts
Money Market Accounts
provide better access to your money than a
traditional term share certificate. It’s a
great way to earn higher returns without
tying your money up. Three (3) withdrawals or
transfers are allowed per month without
penalty.
Rates
are competitive and dividends are calculated
daily and paid monthly. A minimum balance of
$1,000.00 is required for Money Market
Accounts.
Term Share
Certificates
Term Share Certificates offer a high-yield
alternative to a traditional savings
account. A certificate may be opened with a
minimum deposit of $1000.00. We offer terms
from ninety (90) days to sixty (60) months
to suit your investment needs. Dividends are
calculated daily and paid to your account
monthly based on a calendar month. Call the
credit union for current rates and yields.
Individual
Retirement Accounts
Whether you rollover your funds , directly
transfer, or make contributions, we can open
an IRA for you. The credit union offers
Traditional, Roth, and Educational IRAs.
Alliance FCU imposes no opening, closing or
maintenance fees. IRA’s are separately
insured to $100,000.00 by the NCUA. An IRA
offers security for the retirement years and
tax savings for today. A minimum balance of
$250.00 is required for IRA accounts.
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iSave |
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Save money
on a daily basis without a lot of planning.
Each time you use your Visa Check Card, your
purchase amount is rounded up to the nearest
dollar and the extra change is moved to your
savings account every day.
To enroll in the isave program, you will need to fill out a new
Power Checking
application select the option to
enroll in isave.
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