Savings
So often, we’re asked … oh, okay, you’re different from other financial institutions right? So what’s your grand plan on how to save money? That’s easy! There’s no magic formula. The key to saving money is actually getting started. Sure, we all say we’ll save more, but things come up and we never actually follow through with the plans. No problemo – we’re here to help you get started with a variety of savings products that will actually help your money grow, instead of sitting idle in your piggy bank.
Share Savings Account
These days who couldn’t benefit from better savings habits? Opening a Share Savings Account at Sears Federal Credit Union to get started. Why is it called a Share Savings Account? That’s easy, because when you open up a Share Savings Account you’re actually getting a share of the credit union, which makes you an owner/member. Plus, our savings deposits earn competitive dividends which are computed daily and paid monthly. It’s only $50 to become a member of the credit union and you begin earning interest on that $50 balance.
Share Certificates
Our share certificates are similar to certificates of deposit or CD’s at other financial institutions. Our share certificates allow you a short-term investment opportunity for a higher rate than your primary share account with a minimum of only $500 to open. Dividends are compounded and credited monthly. Considering the ups and downs of the stock market, share certificates are a great way to maximize your money without risk of principal. And they’re fully insured up to $250,000 by the National Credit Union Administration, also known as the NCUA. Open a share certificate and start saving today.
IRA’s
Okay, so maybe you haven’t been the best at saving money. We still have good news for you! It’s never too late to start saving! IRA stands for Individual Retirement Account and no matter what your game plan is, whether it’s saving for college, your first home or retirement, Sears Federal Credit Union can help with a traditional IRA. And you can have peace of mind knowing that your IRA is insured up to $250,000. You can accumulate IRAs as well, to help you build your account. Contact us today to discuss your savings options!
Christmas Club
When Christmas time rolls around don’t you just wish you had a sleigh full of savings to make it a December to remember for you and your loved ones? You can with a Christmas Club account from Sears Federal Credit Union. That’s right! You can make sure your stockings are stuffed for the holidays, by making deposits to your account all year long! Just select a portion of your check, whether it’s 10, 20, 50 dollars or more, to go into your Christmas Club Account. Deposit as often as you like and watch your account grow throughout the year. Your holiday funds from your Christmas Club account will be transferred to your savings or share draft account during the month of November. You can make withdrawals from your Christmas Club account prior to December, but you will be subject to a withdrawal fee of $5.00 per withdrawal. You can open your Christmas Club anytime, but as they say, there’s no time like the present! So, why not start today?
Kids & Teens Clubs
Sears Federal Credit Union also offers the Kirby Kangaroo Club for kids and our CU Succeed Club for teens. Check out their cool websites with fun and educational information on our links page.
