Savings Accounts To Fit Your Needs
A savings account is your key to membership at FreeStar Financial Credit Union. Your savings are insured up to $250,000 by the National Credit Union Administration (NCUA).
A money management account offers the flexibility of access to your funds with a greater return on your investment. Minimum amount to open is $1,000 (new money not currently on deposit with FreeStar Financial).
Special savings accounts are separate accounts established by members who wish to save for a wedding, the holidays, a special event or even a rainy day fund.
Makes You Money
Earn competitive dividends.
Saves You Money
No monthly fees.
Saves You Time
Free online access.
Offers Convenience
Automatic online deposits or direct deposit.
Peace of Mind
Your savings are insured federally by NCUA for balances up to $250,000.
| Savings Accounts | ||||
| Effective Date: December 1, 2021 | ||||
| Type | Minimum Balance | Dividend Rate | APY* | Dividend Paid |
| Regular Share Savings | $10.00 | 0.150% | 0.150% | Qtrly |
| Regular Share Savings Dividend Rate only applies to balances over $100. | ||||
| Special Savings | $0.00 | 0.150% | 0.150% | Qtrly |
| Special Savings Dividend Rate only applies to balances over $100. | ||||
| Individual Retirement Account (IRA) | $250.00 | 0.500% | 0.500% | Qtrly |
| IRA Rollover | N/A | 0.500% | 0.500% | Qtrly |
| Christmas Club | N/A | 0.150% | 0.150% | Mo |
| Christmas Club Dividend Rate only applies to balances over $100. | ||||
| Vacation Club | $0.00 | 0.150% | 0.150% | Qtrly |
| Vacation Club Dividend Rate only applies to balances over $100. | ||||
| *APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage. | ||||
| **To earn dividend, members must qualify each month by doing the following: 1) use debit card 15 times or more for purchases, 2) be enrolled in eStatements, and 3) Incur at least one electronic transaction processed through the checking account (incoming, such as direct deposit, or outgoing, such as paying a bill). Dividends paid monthly on balances up to $10,000. Balances over $10,000 earn .05%. | ||||
| Money Management Accounts | ||
| Effective Date: December 1, 2021 | ||
| Minimum Balance | Dividend Rate | APY* |
| $1,000 to $5,000.00 | 0.100% | 0.100% |
| $5,000 to $49,999 | 0.150% | 0.150% |
| $50,000 to $74,999 | 0.200% | 0.200% |
| $75,000 to $99,999 | 0.300% | 0.300% |
| $100,000 to 149,999 | 0.350% | 0.350% |
| $150,000 + | 0.450% | 0.450% |
| *APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage. Dividends paid monthly. | ||
How Do I Get Started?
Simply click the button below to join online, or schedule an appointment to visit one of our branches. Already a FreeStar Financial member? Sign into your account through our online banking system and add a special savings account or Money Management Account today.
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Need assistance? Call 586-466-7800 opt. 7.
Rates subject to change.
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