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SCU Savings/Money Market Accounts

Savings & Money Market Accounts

At Staley Credit Union, we know how important it is to save for the future in a safe and secure place. We have several options to help you get started.

Primary Savings

A Primary Savings establishes an individual's membership at the Credit Union. As long as the minimum balance is maintained, you will remain a member for life, regardless of the city of residence.

  • $25 initial deposit must remain in the account
  • Earn dividends
  • No monthly service charge
  • 24/7 Access with Staley Online and Mobile Banking
  • Limited to six Regulation D transfers/withdrawals per month
  • Debit/Check Card with EMV chip technology
  • Over 5,000 FREE ATMs nationwide
  • Account alerts and monitoring with CardValet
  • Can be used for Overdraft Protection

Holiday Club

Our Holiday Club accounts are designed to help members save throughout the year for the holidays.

  • No minimum balance requirement
  • Earn dividends
  • No monthly service charge
  • 24/7 Access with Staley Online and Mobile Banking
  • No withdrawal fee
  • Checks are sent October 15th of each year unless otherwise specified
  • Can be used for Overdraft Protection

Term Share Certificate

Term Share Certificates allow members to save money by locking into our competitive dividend rates. Typically, the longer the term of the certificate, the higher the dividend.

  • $1,000 minimum balance to open or $10,000 for higher dividend rates
  • Dividends are calculated on the daily balance and paid monthly
  • Choose a term between 6-60 months
  • Penalties assessed for early withdrawal
  • 24/7 Access with Staley Online and Mobile Banking
  • Certificates automatically rollover at current rate and term
  • Can be used for secured loans or notes

IRAs

Individual Retirement Accounts (IRAs) are designed to help members save for retirement. Some IRAs allow members to save without paying taxes on their funds until they begin to make withdrawals (Traditional IRA). Other IRAs (Roth IRAs) offer tax exempt earnings. SCU offers both types of IRAs.

  • $100 minimum balance to open IRA Shares (unless enrolled in payroll transfer)
  • $1,000 minimum balance to open IRA Certificate
  • Dividends are calculated on the daily balance and paid monthly
  • Choose a term between 6-60 months
  • Penalties may be assessed by the IRS for withdrawal before age 59 ½ (certain exceptions may apply)
  • 24/7 Access with Staley Online and Mobile Banking

In many cases, earnings are tax-deferred or tax exempt. Contact your tax advisor for details.

Money Market Accounts

The Credit Union offers Money Market accounts that earn you higher dividends, but give you access to your money when you need it.

  • $2,000 minimum balance
  • $7.50 fee assessed per month when the balance falls below the minimum
  • Free checks
  • Higher interest rates than Regular Share and Staley Platinum Checking Account
  • Dividends are calculated on the daily balance and paid monthly
  • Limited to six withdrawals or transfers per month (including checks or payments to a third party)
  • Checks presented in excess of six during a monthly statement cycle will be returned unpaid as required by transaction limitations
  • 24/7 Access with Staley Online and Mobile Banking

Through Staley CU Share Insurance Coverage, our deposit accounts are insured up to $500,000...the highest limit of savings protection available to credit union members anywhere! Through a combination of $250,000 of primary insurance from American Share Insurance (ASI) and $250,000 of excess insurance from Excess Share Insurance (ESI), your deposit accounts are insured up to $500,000.

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First Time Users

To report a Lost/Stolen VISA Credit Card or Debit/Check Card, call 800-472-3272.
Use Card Valet to turn off your card and prevent further fraud.
CardValet

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