This simple savings account allows you to establish a “No Excuses” savings plan for yourself.
Plus, this “Share” account is actually your share in ownership of the credit union itself. Each and every member, regardless of balance as long as they maintain the $25 minimum, owns a share in the credit union. Credit union members are not customers but are actually owners.
Your Savings Are Safe
Your savings are regulated and insured by the federal government. The NCUA (National Credit Union Administration) is the administrator of the NCUSIF (National Credit Union Share Insurance Fund). This protects your savings for at least $250,000 per individual depositor. How your coverage stacks up depends on your accounts, see the chart below:
You Can Turn a Cup of Coffee into a Pile of Cash for retirement
Did you know that what you spend daily on a Café Mocha, about $3.94 a day, equates to about $20 a week? This can turn into a pile of cash for retirement.
That’s right, by saving about $20 a week starting at 18 with an average interest rate of 2.25% APR*, you will have saved $93,351.00 by age 67.
So why not pay yourself first!
*Rate is for illustration purposes only, please check rates currently available here