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Savings Accounts

Options From Wheat State Credit Union

Savings Accounts Options From Wheat State Credit Union - Image of a child holding a piggy bank with the parent's hands securing the child's hands

Regular Share Account

This is your basic savings account. A $25 minimum balance is required to maintain the account and your membership.

Share Certificate Account

Also known as CDs, these accounts are available for terms of 6, 12, 18, 24, 36, 48 or 60 months. Minimum deposit to open is $500. Dividends compound and are paid quarterly. Early withdrawal penalty applies to funds withdrawn before maturity.

Christmas Club Account (Club 61)

Open your Christmas Club account anytime during the year and make deposits through payroll deduction, direct deposit, account transfer, or cash. Then, in November, the money you have saved will be transferred into your regular share account for you to withdraw during the holiday season. Funds withdrawn before the transfer date are subject to an early withdrawal fee. Dividends are declared and paid quarterly and at transfer date.

Special Savings Account (Club 65)

When you need to set aside money for a special purpose – a family vacation, education, escrow for taxes, etc. – a Club 65 account will keep those dedicated funds separate from your regular savings. A 30-day notice of withdrawal is required to avoid a penalty. Dividends are declared and paid quarterly.

Individual Retirement Account (IRA)

Let us help you plan for your future – we can show you the way to greater financial security with your own Individual Retirement Account (IRA). Even if you are enrolled in a pension plan at work, there are advantages (including tax breaks) to saving for your retirement with an IRA. Call one of our IRA specialists today to get started.