Share Savings, CDs & IRAs
Regular share savings
This is a basic savings account which can be used to start your savings. Minimum amount to open this account is $5.00. The minimum balance must remain in this account to keep your credit union membership active. Our Regular Share Savings rate applies. Funds are available for withdrawal with no interest penalty.
Super Savers savings
This account requires a minimum balance of $2,500.00 or more to open and receive our Super Saver rate of interest. Interest rates for this account are determined by the account balance.
christmas club savings
This account pays our Club Account rate of interest. Minimum amount to open this account is $5.00. Regular periodic deposits can be made in person or through payroll deduction plan. We automatically print and mail your check in time for Christmas shopping for the balance in the account.
vacation club savings
This account pays our Club Account rate of interest. Minimum amount to open this account is $5.00. Regular periodic deposits can be made in person or through payroll deduction plan. We automatically print and mail your check for summer vacation expenses for the balance in the account.
back to school club savings
This account pays our Club Account rate of interest. Minimum amount to open this account is $5.00. Regular periodic deposits can be made in person or through payroll deduction plan. We automatically print and mail your check for back to school expenses for the balance in the account.
Rates
Effective 09/27/2024
TIME SHARE CERTIFICATE RATES (CDs)
The annual percentage yield, (APY) is computed with quarterly interest compounding and assumes that the dividend interest earned remains on deposit in the same account for a minimum of 12 months. 24 month term minimum $2000.00 monthly compounding. Withdrawals of the principal deposit before the maturity date are subject to an early withdrawal penalty.
Any Individual Retirement Account can invest funds in a Time Share (CD) account with a minimum investment of $500.00.
Dividend interest rates for all types of share savings is computed on daily balances and posted quarterly. The annual percentage yield (APY) is computed with quarterly interest compounding and assumes that the dividend interest earned remains on deposit in the same account for a minimum of 12 months.
Dividend interest rates are subject to change at any time by resolution of the Preston F.C.U. Board of Directors.
Fees & Charges
Accounts Federally insured to $250,000.00 by the NCUA, an agency of the U.S. Government.
Preston Federal Credit Union NMLS ID #790272
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