Member Savings
Your Member Savings (share) account at Neighbors Federal Credit Union establishes your membership/ownership, earns dividends, and gives you the opportunity to build a secure future. What better way to save for a rainy day? A $5.00 minimum deposit is required to become a member and a minimum balance of $5.00 must be maintained to remain a member. Balances over $100 earn dividends. Regular saving is made easy through payroll deduction, direct deposit or automatic transfer from another Neighbors FCU Account.
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Your Savings can also provide overdraft protection for your Neighbors FCU checking account!
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Plus, you get easy access to your savings account with Online Banking, 24 hours a day, 7 days a week.
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You earn competitive rates and quarterly statements are mailed to you for your records. You can even get statements by e-mail, and it’s FREE.
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In addition, you receive up to $4,000 of Life Savings Insurance protection at no additional cost, just by saving with Neighbors FCU.
A $5 Below Minimum fee applies if your total average monthly deposit balance is below $300 (Savings, Checking, and other deposit accounts combined). Fee does not apply to members who have a loan with Neighbors or are under 18 or over 65 of age.
Extra Savings
You can open an Extra Savings account to save for any specific purpose. This money is separate from your regular Member Savings account but offers the same great benefits. Whether saving for a child's tuition, a home improvement project or your next great family adventure, Extra Savings allows you to keep your money where you want it and working for you!
- Balances over $100 earn dividends.
- Regular saving is made easy through payroll deduction, direct deposit or automatic transfer from another Neighbors FCU account
- Your Savings can also provide overdraft protection for your Neighbors FCU checking account!
- You get easy access to your savings account with Online Banking, 24 hours a day, 7 days a week.
A $5 Below Minimum fee applies if your total average monthly deposit balance is below $300 (Savings, Checking, and other deposit accounts combined). Fee does not apply to members who have a loan with Neighbors or are under 18 or over 65 of age.
Youth Savings
This account is for anyone under 18 years of age. It’s a great way to teach the importance of regular saving and how dividends can make money grow! A parent or guardian must sign as a joint owner of the account.A $5 minimum deposit is required for membership/ownership.
View Current Rates
Money Market
You can invest a minimum of $2,500 into a Neighbors FCU Money Market Account and enjoy a higher return on your deposit balance with no annual fee. Dividends rates are set monthly and determined by the Fed Funds rate. Please see our rate sheet for the current Money Market Rates. Dividends are tiered at $2,500, $10,000, $25,000, and $50,000 and are paid and compounded monthly. If you are looking for an account to accumulate capital or to save for a special project, our Money Market Account is perfect!
Neighbors' Money Market Account offers you better yields with flexibility:
- Minimum balance required is $2,500
- Free Money Orders and Cashier Checks
- Checks for the Money Market Account are free and have the special money market design
- 6 withdrawals allowed per month with a maximum of 3 withdrawals by check
- $10 below minimum fee, $10 excessive withdrawal fee
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$250 minimum withdrawal
A $5 Below Minimum fee applies if your total average monthly deposit balance is below $300 (Savings, Checking, and other deposit accounts combined). Fee does not apply to members who have a loan with Neighbors or are under 18 or over 65 of age.
Christmas Club
The Christmas Savings account is an excellent way to prepare for the gift giving that comes with the Christmas season. If you have been trimming your shopping list instead of your tree, then you don't have a Christmas Savings account with Neighbors FCU. Save regularly throughout the year so you will be prepared to make every Christmas season a special one.
- Balances over $100 earn dividends
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Christmas Saving is made easy through payroll deduction, direct deposit or automatic transfer
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You earn competitive rates, and quarterly statements are mailed to you for your records
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Funds are transferred to your checking or savings account on or around November 1st
A $5 Below Minimum fee applies if your total average monthly deposit balance is below $300 (Savings, Checking, and other deposit accounts combined). Fee does not apply to members who have a loan with Neighbors or are under 18 or over 65 of age.
Summer Saver
Teachers, bus drivers, and other 10 month employees: erase your stress of summer expenses! Members who choose not to receive paychecks during the summer months or need money for vacation can ease through the summer by joining Summer Savings. Save a little every payday through the school year, then relax as automatic deposits from your Summer Savings account to your Neighbors Checking account are made June 30, July 15, July 30 and August 13.
- Balances over $100 earn dividends
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Summer Saving is made easy through payroll deduction, direct deposit or automatic transfer
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You earn competitive rates, and quarterly statements are mailed to you for your records
A $5 Below Minimum fee applies if your total average monthly deposit balance is below $300 (Savings, Checking, and other deposit accounts combined). Fee does not apply to members who have a loan with Neighbors or are under 18 or over 65 of age.
For more information or to take advantage of our great rates,
contact us or visit one of our convenient
locations.
