 Baker's
Federal Credit Union
Savings Programs . . . |
|
| Regular
Savings . . . |
| Regular savings is an account allowing for daily
deposits or withdrawals through the Credit Union office, Instant Cash and Check Card, or
by mail. Monthly dividends are credited to your account based on the average daily
balance. Automatic payroll deductions are available to most members, to help you establish
and develop a regular savings plan. |
| Promotional
Savings . . . |
| A promotional savings account allows members who
maintain a higher minimum balance the opportunity to earn a greater rate of return while
having access to their funds. As long as a minimum balance of $5,000 is maintained,
members will benefit from this flexible, high return savings account. |
| Club Account
Savings . . . |
| Christmas Club accounts available through the
credit union provide a regular means of saving for a specific purpose. Dividends are
paid to your Christmas Club account monthly. Early in October, your account balance
is transferred automatically to your regular savings account. This allows you to
withdraw funds as needed. |
| Savings Bonds
. . . |
| The Credit Union offers payroll deduction
savings bonds. These Series EE bonds are a great way to save for the future. You can
begin accumulating funds for retirement, a vacation home, a college education for your
children, etc. It is a safe, easy, dependable way to save. |
| Share
Certificate Accounts . . . |
| Share Certificates are available with
a minimum deposit of $1,000. You may invest the funds in 6-month increments from six
to thirty-six months. Dividends are compounded and paid quarterly. |
| Retirement
Savings . . . |
| Tax deferred Individual Retirement Accounts
(IRAs) are available for members through payroll deduction or lump sum deposits. Once an
IRA deposit is made, it is invested in an IRA certificate. There are no fees for
maintaining your Individual Retirement Account. Special
Roth IRA Information may be found by clicking here . . . |
