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The Save Savings Account is required to be opened by all members. The funds deposited in these accounts represent the shares held by the members in the credit union. This account requires a minimum of $5 to be deposited at all times.
Dividends are paid at the prevailing rate disclosed on the credit union’s most recent rate sheet. Dividends are computed based on the daily balance of the share account and are paid on a monthly basis. Outstanding dividends may not be paid for accounts closed before dividends are posted.
An early closure fee of $25 will be assessed for all Save accounts that are closed within 13 months of opening.
Statements will be delivered a minimum of once a quarter at the end of the third month of the quarter. Members may receive more than one statement per quarter.
Checks deposited in the Save Account should be allowed time to clear before being withdrawn. If a hold is placed on a deposited check, you will be informed in a timely manner.
* Direct deposit required. Receiving direct deposit funds up to two days early is dependent on when payment details are provided by the payer. If your deposit does not arrive early, it will arrive on your scheduled payday.