Savings solutions to fit your needs
"I made contact with Ms. Tiffany today and she placed my heart and mind at ease with her excellent support. I needed to stop a payment and she handled it quickly and explained all of my options regarding my transaction. I felt so comfortable with her professionalism and patience."
~ Jacqueline T. from Detroit, MI
Whatever your savings goals, we have the products and services to Take Your Dreams Higher!
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. We offer:
- Christmas Club
- Vacation Club
- Special Savings (you name it!)
| Savings Accounts | ||||
| Effective Date: October 1, 2020 | ||||
| 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: October 1, 2020 | ||
| Minimum Balance | Dividend Rate | APY* |
| $1,000 to $2,499.99 | 0.100% | 0.100% |
| $2,500 to $4,999.99 | 0.200% | 0.200% |
| $5,000 to $24,999.99 | 0.250% | 0.250% |
| $25,000 to $149,999.99 | 0.300% | 0.300% |
| $150,000 and up | 0.350% | 0.350% |
| *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 open a FreeStar Financial savings account?
Simply click the button below to join online, or visit one of our branches to open your account today.
Join Today Direct Deposit Rewards Checking
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, or stop in to see a friendly Member Services Representative at one of our convenient locations.
For more details on these accounts, contact our Call Center Representatives at 586-466-7800 opt. 7.