Regular (Share) Savings
Our regular savings are accessible through payroll deduction/direct deposit, mail in deposits, 24-hour ATM card access and over the counter transactions. Your savings can accumulate to meet long and short term financial goals at a VERY competitive dividend rate.
Accounts may be opened with as little as a $5.00 minimum deposit and there is never a fee to deposit or withdraw money.
We offer several different types of savings accounts including:
POWERCO deposit accounts are insured up to $100,000 by the The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, an agency of the federal government, and Excess Share Insurance.
Learn more.
Certificates
Share certificates are available from 3 months to 5 years with varying dividend
rates tailored to meet your financial goals. The rate is fixed during the entire
term of the certificate allowing you to budget your income and avoid earning
rate downturns.
Compare our rates against your current institution and we think that you will be pleasantly surprised. Certificates can be purchased in amounts from $1,000 to $100,000. [Check Rates]
Note: All certificates carry an early withdrawal penalty.
POWERCO deposit accounts are insured up to $100,000 by the The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, an agency of the federal government, and Excess Share Insurance. Learn more.
Money Market
Money Markets are highly liquid deposits; you can withdraw from them at any time, usually without interest penalty. There are no finite terms associated with a Money Market instrument. In contrast, a Certificate requires a minimum amount of duration before you can access the principal, and imposes penalties for early withdrawal.
A minimum deposit of $2,500 is required to open a money market account and a balance of $2,500 must be maintained in order to earn dividends. Dividends are tired - based on the average daily balance of the account - and credited to the account monthly. [Check Rates]
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