Savings in a Credit Union are called "shares", and your regular share account is the basic membership savings. This qualifies you to apply for all other services, and serves as a great place to keep funds for basic savings needs, short-term goals, and emergencies.
Unlike other financials, we don't require you to be rich to open a savings account. Here's the deal:
- Minimum deposit is just $5.00
- Start earning dividends at just $50.00
- No service fees of any kind
You'll earn a generous dividend, and you'll always have easy access to the funds either in person or at an ATM machine. And if you need to withdraw the money, it's yours.
For most of us, this is the best place to start that savings habit.