Secure Your Financial Future With Savings Accounts in Bedford, MA

Finding a reliable place to grow your money is the first step toward financial peace of mind. At Common Trust FCU, we believe that banking should be about more than just numbers—it should be about community. As a member-owned credit union serving Bedford, MA, we provide a variety of savings tools designed to help you reach your goals, whether you are saving for a rainy day, a new home, or a well-deserved retirement.

When you open an account with us, you aren’t just a customer; you are a member-owner. Your "Share Account" represents your ownership stake in our credit union, ensuring that our focus remains on providing you with the service and security you deserve.

Regular Share Savings: The Foundation of Membership

The journey to financial health begins with our Regular Share Savings Account. This account is required to establish your membership at Common Trust FCU. With a low initial deposit, you gain access to all the benefits of our credit union.

• Low Barrier to Entry: Start your membership with a minimum opening deposit of just $15.

• Earn as You Save: Maintain a balance of $50 or more to earn dividends, calculated from the day of deposit to the day of withdrawal.

• Convenience: Save effortlessly through free payroll deductions offered through your employer.

• Ownership Rights: Maintaining your Share Account gives you voting privileges at our Annual Member Meeting, giving you a voice in how your credit union is run.

Club Accounts: Saving With Purpose

We know that it is much easier to stick to a budget when you have a specific goal in sight. Our Club Accounts are designed to help you set aside money for life’s big moments without the stress of last-minute spending.

Whether you are preparing for the holiday season with a Christmas Club, planning a getaway with a Vacation Club, or saving for taxes and education with an All-Purpose Club, these accounts keep your funds organized. You can easily transfer money into your Club Account via direct deposit, and you will earn dividends while you wait for your target date to arrive.

Share Certificates: Higher Earnings for Your Patience

If you have a lump sum of savings that you don’t need to access immediately, a Share Certificate (often called a CD) is an excellent way to earn a higher rate of return. Because you commit to leaving the funds in the account for a fixed period, we are able to offer more competitive interest rates than a standard Savings Account.

• Flexible Terms: Choose an investment term that fits your timeline, ranging from 6 months to 3 years.

• Affordable Investing: You can open a Share Certificate with as little as $500.

• Fixed Security: Your rate is locked in for the entire term, protecting you from market fluctuations.

• Peace of Mind: All funds are federally insured by the NCUA.

Note: A substantial penalty will be imposed for early withdrawals prior to maturity.

Money Market Accounts: Flexibility and Growth

Do you want the high-interest rates of a long-term investment but need the ability to access your cash? Our Money Market Account offers the perfect middle ground. This account provides a safe, federally insured place to park your money while maintaining the flexibility to withdraw funds as needed. It is a smart choice for those who want their emergency fund to work harder.

Retirement Planning With IRAs

It is never too early to start thinking about your future. Social Security and pensions are often not enough to cover all retirement needs. An Individual Retirement Account (IRA) at Common Trust FCU provides a tax-advantaged way to build a nest egg.

We offer both Traditional IRAs and Roth IRAs, allowing you to choose whether you want tax deductions now or tax-free withdrawals in the future. We also provide quick educational courses to help you navigate the complexities of retirement planning with confidence.

Visit Common Trust FCU in Bedford

Ready to start saving? Our friendly team is here to help you choose the account that best fits your lifestyle. Visit us in person to experience the personalized service that sets our credit union apart.