Savings Account Options

We Want to CU Save. Try a Section 705 Savings Account!
piggy bank

Here at 705 FCU, we are firm believers that it’s never too early to start saving for the future! That’s exactly why we offer a variety of share savings account options to fit your personal needs. Our account types include: Regular Share, Super Green, Christmas club, Vacation Club, and Youth Savings Accounts!

All of these accounts will earn the highest possible rates the credit union can offer, while considering the current market rates, overall earnings and expenses. Plus, these accounts are fully insured with NCUA, the National Credit Union Administration, so you can rest assured that your funds are safe with us!

We invite you to take a closer look at our various savings accounts for the accounts that best fit your financial needs.

Share Savings

Regular Share

dollar billsRegular Share Savings Account = Membership!

To have a membership at 705 FCU, you must open a regular share savings account and keep $25 in it at all times to be considered a “member.” This $25 is considered your share in the company. It allows us to be a not-for-profit financial institution. It is still your money. If you ever decide you no longer wish to be a member, you can get that money back. Besides that, the rest of the money within that account can be accessed.

  • Once you have $100 within this savings account, you can start to accrue interest on the money you save. See our dividends on savings accounts.
  • After opening a savings account, you can utilize all of our products and services from loans to a checking account (as long as you qualify.)

Relevant Links:

Account Services
Checking Accounts
Financial Tips and Tricks

Super Green

Super Green means SUPER Savings!

The Super Green Savings Account is all about higher earning potential for you. The Super Green is designed to allow members with higher dollar amounts in their Savings to earn a higher rate of return on their balances. If members have at least $10,000 to deposit into savings, they are eligible to enroll in this great savings opportunity. Read more about the balance levels set for higher earnings below! To be eligible for this account funds must be in the range of:

  • $10,000 to $24,999.00
  • $25,000 to $49,999.99
  • $50,000 and above

Relevant Links:

Dividend Rates on Savings Accounts
Financial Tips and Tricks
Check Your Account with Online Banking.

Christmas Club

Christmas Club - a savings account into which members make regular deposits to save for holiday spending.Christmas Club Savings Account? What’s That?

Our Christmas Club Account makes it super easy to save, too! All you have to do is open an account with a small starting deposit. Then, you have one full year to save up toward your Christmas fund. On or around November 1st, we release the entire balance to you just in time for you to get all of your Christmas shopping done! Plus, penalties for early closure will keep eager fingers out of this stash, leaving you lots of money to shop till you drop with no worries around Christmas time.



Vacation Club

Ready for Vacation? Be Prepared with a Vacation Club Savings Account!

a women on the beach playing in the oceanThis account type is very similar to our Christmas Club account option. Upon opening this account, save a portion of your pay check throughout the year specifically for vacation. On June 1st of every year, your funds will be released into your checking account just in time for vacation! A penalty will be given for early withdrawal or closing the account. (This is a very helpful option for those of us who need a little help with self-control!)

Food for Thought! Everyone loves a good vacation. But what do you enjoy more — the vacation itself, or the excitement and anticipation that come with looking forward to it? For many people, it’s the anticipation and planning that are as exciting, possibly more so, than the trip itself. If you’re feeling a letdown after a wonderful vacation, here’s the solution: Start planning your next one, even if it’s months away! Join our vacation club so that you’re saving all year, and think about where you want to go, what you want to do, and who you want to go with.

Relevant Links:

For more financial tips and tricks, like us on Facebook!
Dividend Rates on 705 Savings.

Youth Savings Accounts

Just for Kids! See Details on Our Youth Savings Account.

Click here to learn about getting a 705 youth savings account and all the perks of becoming a 705 mini-member.

Lucky Lagniappe Savings

Lucky Lagniappe SavingsLucky Lagniappe Savings

Save your money at 705 Federal Credit Union and you could win up to $5,000!

Here’s how it works:

1) Open a Lucky Lagniappe Savings accounts. It only takes $5 to open an account.

2) Each time you deposit $20 you earn one entry (up to five per month) into monthly prizes ($100) and quarterly prizes ($1,000).

3) Keep saving all year long with no more than two withdraws and you could be selected as the lucky winner of $5,000!

More deposits mean more chances to win. With Lucky Lagniappe Savings, you can set aside funds for emergency expenses, retirement, a down payment on a house, vacations, a new car or education.

It’s savings with benefits. There are no monthly fees. All the money you deposit into your Lucky Lagniappe Savings account is yours.

Yes, I want to open a Lucky Lagniappe Savings Accounts!

Contact us today to learn more.

You can open up any of these accounts by coming to the credit union! Membership Eligibility is required to do so.

For dividends on these savings accounts, go to our rates page for up-to-date dividend rates. For more information on our Super Green program, feel free to contact us. See our disclosures for information on policies pertaining to savings accounts at 705 Federal Credit Union.