We Want to CU Save. Try a 705 Savings Account!
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.
Christmas Club
Christmas Club Savings is designed to help make the holiday season less stressful and more joyful. By saving small amounts throughout the year, you can build a dedicated fund just for Christmas expenses like gifts, travel, decorations, and celebrations. On November 1, your savings are automatically transferred into your checking account, so your money is ready when you need it most. It’s a simple way to plan ahead, stay disciplined, and enjoy the holidays without putting extra strain on your budget.
Membership Savings Account
Membership Savings Account
To have a membership at 705 FCU, you must open a membership 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
E-Products
Checking Accounts
Financial Tips and Tricks
Vacation Club
The Vacation Club Savings Account is designed to help you save for travel and getaways throughout the year. By setting aside a portion of your paycheck regularly, you can build your vacation fund automatically. On June 1 of each year, your accumulated savings are transferred into your checking account, making your money available just in time for vacation season.
This account is ideal for members who want a structured way to save and avoid the temptation to dip into vacation funds early. Early withdrawals or closing the account before June 1 may result in a penalty.
Relevant Links:
For more financial tips and tricks, like us on Facebook!
Dividend Rates on 705 Savings.
You can open up any of these accounts by coming to the credit union! Membership Eligibility is required to do so.
Dormant Accounts: To avoid receiving a dormant account fee, simply perform one financial transaction every 12 months in your account.(Members with a checking account or loan product will not be charged a fee.)
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.
