We offer a variety of Share accounts, ranging from Club Accounts to IRAs (Individual Retirement Accounts) to Share Certificates! But what kind of account is right for you?
Regular Share Account
When you open a Regular Share account at TruNorthern Federal Credit Union, you become part of a mission that is dedicated to supporting others. Regular Share account holders invest $25.00 to become a part-owner of their hometown credit union, thus having a vote in internal elections. Regular Share accounts (Savings) earn dividends monthly with a balance more than $100.00 and are the traditional way to save money. It is an ideal way to build an emergency fund! Funds can be used to provide overdraft protection or as collateral.
Money Market Savings Account
Maximize your savings with a money market savings account! Money market accounts are a unique savings account that accumulates dividends on a tiered basis while being tied to the current markets. This type of account is designed to be out of sight with higher rates to make saving more feasible. The funds for a money market account are easily accessible through check writing and ATM card withdrawals. A transactional penalty of $25.00 is only given if the account amount drops below $10,000.00.
Busy Bee Savers
It’s never too early to start saving and learning to be responsible with your finances! This is an entry level savings account for children under the age of thirteen. Busy Bee Accounts earn dividends monthly with a balance more than $50.00. Busy Bee Accounts do not have a maximum balance or monthly fees, and joint ownership is available for parents, guardians, or grandparents!
What’s the buzz about Busy Bee Rewards? Busy Bee account holders will now be issued a rewards card and earn a stamp with each deposit! After five (5), separate deposits of any amount, the account holder can pick a prize from the Honey Pot. After ten (10) deposits they earn ten (10) dollars that is directly deposited into their account by TruNorthern FCU. Help encourage smart savings habits with the Busy Bee Rewards Program!
Club accounts are goal-oriented savings accounts that help you save for vacations, holiday spending, taxes, and other expenses you may want to save for! Account holders can make routine contributions throughout the year to save up for their next excursion.
It is never too early to start saving up for holiday shopping! A Christmas Club Account is a special-purpose savings account that you can routinely contribute to throughout the year. Account balances are dispersed on October 1.
Certificate of Deposit (CD)
A certificate of deposit is a product offered by your hometown credit union that provides a lump sum deposit untouched for a pre-determined period of time. CDs are an attractive option for those looking to save money while earning more back when compared to a savings or checking account. CDs are different in comparison to a normal savings account and charge penalties if funds are withdrawn early. CDs are tied to a fixed rate, thus a safe way to calculate what you save! Our CD product offering includes 6, 12, 24, 36, and 60-month terms at competitive rates.