Deposit Accounts

skd187834sdcFirst of all, we challenge you to find a better deposit program. Filer Credit Union has made its name by offering a premiere deposit program, where members can feel confident that there money is safe and that they are receiving the return they deserve. Over the past three years, Filer has given out over $220,000 in year end dividends alone. That’s on top of the normal monthly interest that members receive. Even in this low interest rate environment, Filer has continued its longtime commitment of making sure the owners of the credit union (that’s you) receive a robust return. That’s the credit union difference.

 

Premium Membership – Take advantage of your credit union. Too many members don’t even realize all of the free benefits that come along with a credit union membership. To be honest, if you were to go to the bank, you’d be paying for a lot of these services. The premium package is designed to help you help yourself. When you enroll, you’ll be signed up for Regular Shares, Share Draft, Debit Card, Online Banking, and eStatements.

 

Types of Deposit Accounts

Share Account: This is your main account.When opened with a $5.00 deposit, it establishes your membership. You are then eligible for other Credit Union services and have voting rights.

Share Draft (Checking) Account: Filer Credit Union’s checking accounts are the best in the business! No monthly service fees, no minimum balance, unlimited check writing, overdraft protection, AND we even pay you dividends on the account. Nobody pays dividends on checking accounts anymore (except us, of course)!

Money Market Account: If you have some money saved up that you don’t plan on using for the next few months, then this is where you put it. It’s really just a higher yielding share account. The only restrictions are that there is a minimum balance of$2500 and a maximum of 4 withdrawals a month with a minimum withdrawal of $100.00. There are no fees charged when taking out your money.

Certificates of Deposit: CDs tend to be the most common way members save their money. When you open a CD, you basically loan your money to the credit union for the agreed upon term, and we pay you interest on it. Our CDs offer high-yield investment options for short and long-term savings. We have a wide variety of terms available from six months to five years. If you’re especially ambitious, try the Save to Win CD. On top of your monthly interest payments, you also get entered into a lottery to win extra cash. Filer Credit Union has had around a dozen winners over the past few years. Call for more details and click here for the official Save to Win rules.

Gen Z CD5 percent

Wait, are you saying that interest rates are low? Well, apparently no one told us. We’re investing in our future with $200 / 36 month / 5% CDs for our younger members. We dare you to find a better rate… Now, a word from our lawyers: “Member must apply for Certificate of Deposit on or before 18th birthday. Other restrictions apply. For more information, please contact a Filer Credit Union representative at (231) 723 – 3400.”

IRA Account: Highly competitive rates and low minimum balance requirements make Filer Credit Union’s IRAs attractive for all. We offer the Traditional IRA and the Roth IRA. Long term, higher rate certificates of deposit are also available as an IRA option.

Christmas Club Account: This account helps you save just for Christmas. You may deposit as much as you want whenever you want. On November 1 of each year the money that has accumulated in your Christmas Club account is put in your share account and you are then ready to tackle that Christmas shopping.

Savings Rates - Effective Monday, March 21, 2016
APYMinimum
Deposit
Minimum
Balance
REGULAR SHARES0.300%$5.00$25.00
SHARE DRAFTS0.200%$0.00$25.00
CHRISTMAS CLUB0.300%$0.00$0.00
TRADITIONAL IRA SHRS1.110%$0.00$0.00
ROTH IRA SHARES1.110%$0.00$0.00
SUB SHARES0.300%$0.00$25.00
SUB SHARES0.300%$0.00$15,000.00
MONEY MARKET SHARE0.350%$0.00$2,500.00
MONEY MARKET SHARE0.400%$0.00$5,000.00
MONEY MARKET SHARE0.450%$0.00$20,000.00
MONEY MARKET SHARE0.500%$0.00$50,000.00
HSA CHECKING ACCOUNT0.200%$0.00$0.00
  • Minimum Balance reflects minimum required amount to earn interest.
  • Fees may reduce earnings on your account 
  • APY: Annual Percentage Yield
Certificate Rates - Effective Monday, October 23, 2017
Certificate TermAPYMinimum Deposit
6 MONTH MIN $ 1,0000.550%$1,000.00
12 MONTH MIN $ 1,0000.800%$1,000.00
18 MONTH MIN $ 1,0001.110%$1,000.00
24 MONTH MIN $ 1,0001.360%$1,000.00
36 MONTH MIN $ 1,0001.510%$1,000.00
48 MONTH MIN $ 1,0001.710%$1,000.00
60 MONTH MIN $ 1,0001.820%$1,000.00
12 MO SAVE TO WIN CD0.800%$25.00
  • Early withdrawal penalties may apply