Our basic savings account is a dividend-earning account with an APY of 0.05%** that establishes your NRLFCU membership. The minimum required balance is $5.00. This account may be accessed many ways including ET and ATM.
Other options include our Holiday Club (sign up
) and Special Club Share (sign up
), trust accounts, and Money Maker accounts (sign up
). The club accounts have no minimum balance requirement.
The Money Maker account gives you the peace of mind in having an easy to access account while still earning competitive yields. The tiered rate structure allows your dividend rate to increase as your balance increases. There is a minimum balance requirement of only $2500 and there are no penalties.
This "VIP" Money Maker account is versatile, insured and for premiere members only.
- Versatile - You can access this account via Online Access and Electronic Teller (ET). Plus, you may draft this VIP account directly with up to six checks per month adding extra flexibility.
- Insured - At no cost to you, the VIP Money Maker account is insured up to an additional $250,000 by Excess Share Insurance Corporation over the amount of coverage provided by the NCUA.
- Premiere - Because the minimum balance for this VIP account is $100,000, the rates are very competitive - currently at 0.25 APY. **
Coverdell Education Savings Accounts are a great way to save for college! Contribute up to $2000* per year of your after-tax dollars in your child´s name for education with an APY of 0.14%**. Funds accumulate tax-free and will be tax free when withdrawn for higher education expenses. Income restrictions apply, call us for details.
* You must meet Internal Revenue Code eligibility requirements
**APY = Annual Percentage Yeild. Rates current through 05/20/2013.