Alpine CU Savings Account
At Alpine Credit Union, we offer a variety of savings products to assist our members in their financial planning:
- Share Savings
- Money Market Share Account
All savings products are federally insured by NCUA up to $250,000. For more information on how to calculate your coverage, go to: mycreditunion.gov/estimator
Open a Share Savings Account with a deposit of $25.00 or more, this is your primary membership account. No membership fee is required. A Share Savings Account pays dividends quarterly. The dividend rate is determined by the Board of Directors and is subject to change at anytime.
The credit union has several options for you to choose from. All certificates have a minimum deposit requirement of $500. The terms of deposit range from a minimum of 90 days to a maximum of 5 years. Certificates are term certificates with a fixed maturity. Interest on Certificates accrue daily and, at maturity and/or quarterly, are credited to the balance of the certificate. The Certificates will automatically renew at maturity. A notice of maturity will be mailed to the member at least 10 days prior to the maturity date of the certificate.
The credit union may impose a penalty if the certificate is redeemed prior to the maturity date.
Early Withdrawal Penalty (EWP):
- Terms 1 Yr and less – 90 Days Interest
- Terms greater than 1 Yr – 180 Days Interest
*Note: Any certificates opened before April 1, 2017, will just receive the 90 Day Interest EWP. All certificates opened after April 1, 2017, will receive the EWP listed above.
MONEY MARKET SHARES
A Money Market Share Account provides a unique savings benefit for members that want the ability to deposit and withdraw at any time; keeping their funds more accessible than a Certificate, while still yielding a higher dividend rate than a Regular Share Account. With only a $500 minimum deposit, this makes this account the perfect savings option for those that desire and appreciate flexibility with higher yields. Whether you are just starting out on your savings journey or have an established savings plan the Money Market Shares:
- Has several rate tiers built in to accommodate your changing balance
- Has NO monthly fees or penalties
- Balance is accessible at anytime
- Offers high yields and flexibility
- Deposits can be made by direct deposit or payroll deduction
It’s never to early or late to start your perfect savings plan with a Money Market Share Account.
FEDERAL REGULATION D
Regulation D Transaction Limitations – restricts Savings and Money Market Accounts to 6 transfers/ withdrawals per month. After 6 of the following transaction types in a month, the system will no longer allow transfers and any automatic transfers may be refused and a fee may be imposed:
- Online or mobile banking transactions
- Telephone or email requests
- Pre-Authorized payments or scheduled withdrawals
If you’re close to the limit, you can utilize an ATM, visit a branch in person or mail a request to transfer funds between your accounts. There is also no limit on the number of transfers you may make to any loan account(s) with us.