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Savings Accounts
Share Savings Accounts
As a credit union member, your member-owner status is represented by the shares you save at Common Trust FCU. That’s why we call your savings account a Regular Share Savings Account. You must open this account with an initial minimum deposit of $15.00 and maintain that balance to remain a member in good standing.
All credit union Savings Accounts and IRAs earn dividends when a minimum balance of $50.00 is maintained. Share Accounts earn money from day-of-deposit to day-of-withdrawal. Dividends are distributed quarterly. Your funds are insured by the NCUA. And you receive the service you deserve.
You may open other Share Accounts for specific savings purposes like education, taxes, vacations, or special purchases. To open another Share Account for any purpose, visit or contact us.
Required to establish membership in CTFCU
$15.00 minimum opening deposit
Convenient free payroll deduction through your employers
Dividends are compounded daily and paid quarterly
Voting privileges at the Annual Member Meeting
Looking for more information? Contact us!
Share Savings Rates
| Name | APY** | Accrued | Dividend Rate | Minimum Balance |
|---|---|---|---|---|
| Regular Share | 0.10% | Monthly | 0.10% | $50 - paid Monthly |
| Holiday Share | 0.10% | Monthly | 0.10% | $50 - paid Monthly |
| Vacation Share | 0.10% | Monthly | 0.10% | $50 - paid Monthly |
| All-Purpose Clubs | 0.10% | Monthly | 0.10% | $50 - paid Monthly |
APY** - Annual Percent Yield. Rates are subject to change without notice.
Club Accounts
Saving is easier when you have a goal and purpose in mind. Having a defined time frame helps you stick to your savings budget. You can open a Christmas, Vacation, or All-Purpose Club account. Whichever account you choose you still earn dividends. You can transfer funds to your Club Account with direct-deposit or payroll deduction.
Stop in or call today to start your Club Account today. Save with a goal in mind, and watch your money grow!
Share/IRA Certificates
Looking for higher earnings on your savings?
Consider our Share Certificates which are the same as Certificates of Deposit (CDs). They pay higher interest rates because they are deposited for a fixed period of time. You can open a Share Certificate with as little as $500. Investment terms range from 6 months to 3 years. The rate is fixed for the entire certificate term. Dividends are calculated daily and compounded and credited to your account monthly or at a specific time period. On 6 month CDs, the dividend is given at maturity. A substantial penalty will be imposed for a withdrawal on any certificate prior to maturity.
Looking for more information? Contact us!
Share Certificate & IRA Certificates Terms/Rates
| Term (in months) | APY** | Accrued | Dividend Rate | Minimum Balance |
|---|---|---|---|---|
| 6 Months | 0.50% | Monthly | 0.50% | $500.00 |
| 9 Months | 0.75% | Monthly | 0.75% | $500.00 |
| 12 Months | 1.00% | Monthly | 1.00% | $500.00 |
| 18 Months | 1.25% | Monthly | 1.25% | $500.00 |
| 24 Months | 1.50% | Monthly | 1.50% | $500.00 |
| 36 Months | 1.65% | Monthly | 1.65% | $500.00 |
APY** - Annual Percent Yield. Rates are subject to change without notice.
IRAs
An Individual Retirement Account makes a lot of sense when planning your retirement or your investment future. Your Social Security benefits and pension are not intended to provide all of your retirement income. And planning ahead to pay for an education, or to buy a house, or any future goal is always wise.
Today’s IRAs provide more tax benefits and greater earnings than in previous years. You can choose from taking advantage of yearly tax deductions now, or save your tax breaks for future withdrawals. Dividends are distributed quarterly.
At Common Trust FCU, we offer Traditional IRAs and Roth IRAs. Call to discuss which option better suits your needs. Maybe both!
It’s never too early to start planning for retirement. We offer quick educational courses to help you!
IRA Rates
| Name | APY** | Accrued | Dividend Rate | Minimum Balance |
|---|---|---|---|---|
| IRAs | 0.20% | Monthly | 0.20% | $250.00 |
APY** - Annual Percent Yield. Rates are subject to change without notice.
Money Market Accounts
If you want high-interest savings and flexible, fixed term investing, our Money Market Account is a good choice for you. This safe, federally insured option offers the best of both savings accounts and fixed term investments by paying the high-interest rates of fixed-term investments while allowing you to withdraw money as you need it.
Looking for more information?
Money Market Rates
| Amount | APY** | Accrued | Dividend Rate |
|---|---|---|---|
| $50 - $2,499 | 0.10% | Monthly | 0.10% |
| $2,500 - $9,999 | 0.20% | Monthly | 0.20% |
| $10,000 - $24,999 | 0.25% | Monthly | 0.25% |
| $25,000 - $49,999 | 0.30% | Monthly | 0.30% |
| $50,000 - $99,999 | 0.40% | Monthly | 0.40% |
| Over $100,000 | 0.50% | Monthly | 0.50% |
APY** - Annual Percent Yield. Rates are subject to change without notice.