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 $5.00, and maintain that balance to remain a member in good standing.
Saving is easier when you have a goal and purpose in mind. Having a defined timeframe 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 payroll deduction.
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.
Individual Retirement Accounts (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.
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.