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Rainy Day Savings We Help You Save Faster With This 3% rate

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Save For What Matters—And Earn Higher Rates

Welcome to greater flexibility, convenience, and savings.

Our savings plans are designed to work as you need them to—for rainy days, getaways, and holidays. For kids at college, or that deductible on your upcoming knee surgery.

So choose the right account for you and get saving today.

Online Savings NEW RATE!

We want to encourage everyone to save and earn an exceptional rate of interest, but without having to invest large sums for a higher rate. That’s why we bumped up our Online Savings rate and require no minimum balance to maintain the account. With no monthly service fees and easy online access, our Online Savings is better than ever.
 

  • Earn 1.00% APY* on balances up to $500 (1.25% for balances of $500 or more)
  • $500 minimum deposit to open
  • Manage account online (no branch or call center access with this account)
  • Convenient 24/7 online and FONLINE telephone access

Learn more about Online Savings>>
Disclosures

Membership Savings

A mere five dollars gives you access to this savings account. You can’t even buy lunch for $5 these days. And that’s just the start. We make saving easy with automatic deposits from your paycheck. Plus there’s no monthly fee if you carry a minimum balance of $250. So, more of your money stays yours and helps you reach your goals quicker.

  • Access your account at over 5,000 branches and over 30,000 free ATMs nationwide
  • Earn 0.35% APY* (most pay only .02%, if anything at all)
  • Perfect as overdraft protection on your checking account

Savings account required for Credit Union membership. After 6 months, you must maintain a minimum $250 balance or open any other type of account to avoid a $5 monthly service fee. 

Learn more about Membership Savings>>

Rainy Day Savings

Saving money for emergencies can seem challenging with everyday expenses to worry about. Our Rainy Day Savings account is designed to make this simple and painless. Small, automatic deductions — you don’t even notice them— add up with healthy interest. Before you know it you have a nice stash of cash for those “I can’t believe this happened” events.

  • No minimum balance requirement
  • 3% APR on balances up to $2,000
  • Membership Savings rate on balances over $2,000
  • No debit card or checks issued, we want you to be successful in your savings
  • Maximum of 2 free withdrawals per calendar year ($20 fee each additional withdrawal)
  • Limit one account per qualified membership

Learn more about Rainy Day Savings>>

Lucky Savings

NEW & IMPROVED! When it comes to earning money for members, we leave nothing to chance! Our savings rates are some of the best. And, if you’re feeling lucky, you’re in for a treat! Our Lucky Savings account locks in a great earning rate, plus it gives you a chance to win awesome bonus cash on top, just by growing your savings a little each month. The more you save, the more entries you’ll receive for our monthly bonus!

  • No minimum balance requirement
  • Same great Membership Savings rate on your balances
  • $1,000 given away each month (5 winners get $200 each)
  • Earn 1 entry into the monthly drawing for every $25 deposited per month; e.g. $50/month = 2 entries. Max 10 entries per month.
  • No debit card or checks issued, we want you to be successful in your savings
  • Maximum of 2 withdrawals per calendar year ($20 fee each additional withdrawal)

Learn more about Lucky Savings>>

Money Market

A Money Market account is what happens when the benefits of a Certificate of Deposit and a Checking account collide. Higher rates for higher balances, plus some checking features so you have access to your money when you need it. And, you can come visit us at a branch anytime to visit your money. It’s the perfect blend of ease of use and earning more money.

  • Earn up to 1.00% APY* (1.26% with Direct Deposit)
  • Check-writing abilities
  • Unlimited in-person transactions
  • $1,000 minimum opening deposit
  • Make up to 6 total withdrawals per month by check, phone, email, or online
  • All withdrawals must be at least $250
Learn more about Money Market>>
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Holiday Club

We’re like little financial elves that transfer money from your paycheck or checking account right into your Holiday Club savings, automatically. Get in the spirit with no monthly fees and no minimums to open your account. Consider it the perfect stress-free, don’t-give-it-a-second-thought, high-dividend-paying way to save for the holidays.
 

  • Funds are disbursed in early November each year, just in time for holiday shopping
  • Earn a very non-grinch-like 0.55% APY*
  • Additional withdrawals allowed for $20 fee per additional withdrawal

Learn more about Holiday Club>>

My Account

Want to save for a much-needed vacation, down payment on a new home, or an upcoming improvement project? This account helps you save for whatever, whenever. Transfer money automatically from your paycheck or checking and watch your money grow. Earn more and pay less thanks to our higher dividends and no monthly fees or minimums to open your account. You can even withdraw your funds anytime you choose, once per calendar year. So go ahead and customize your account to get started.

  • Earn 0.55% APY*
  • Name your My Account whatever you choose (within reason, of course)
  • Additional withdrawals allowed for $20 fee per additional withdrawal.
Learn more about My Account>>

Tax Saver

Don’t let the taxman sneak up on you. Set up automatic deductions from your paycheck and use this account as a convenient way to save for your quarterly or annual taxes. And we won’t charge you a monthly fee or ask for a minimum balance to open your account.
 

  • Earn 0.55% APY*
  • Funds are distributed to your checking or savings account whenever you choose, four times per year
  • Additional withdrawals allowed with a $20 fee per withdrawal

Learn more about Tax Saver>>

Health Savings Account

You want yachts, private planes and exotic vacations. Instead, you get a bill from your orthopedist. We take the sting out by giving you tax-free savings on qualifying medical expenses. 

Your Health Savings Account--or HSA, if you like acronyms--is like a regular savings account, except that it offers big tax benefits. It’s a handy way to feel more financially secure when it comes to your health care. You'll get a debit card to conveniently access your money and a competitive interest rate to make your funds grow.

And, unlike a Flexible Spending Account (FSA), there is no "use it or lose it" clause at the end of each year. The money you contribute is yours to keep.

Learn more about HSAs >>

Certificate of Deposit

Enjoy year-round, industry-leading rates with terms from 3 to 60 months.  That’s just for starters. Enroll in Direct Deposit, and we’ll bump up your rate by 0.25%. And members age 61 and over receive additional basis points—one for each year starting at age 61 up to a maximum of 15 basis points! For example, if you’re currently 70 years old, we’ll add 10 basis points to your certificate rate at the time of opening. This means the current twelve month certificate rate of 1.20% will be adjusted to 1.30%!

So what are you waiting for? Click below to open a certificate today

Learn more about Certificates of Deposit>>
Disclosures

Education Savings Account

It’s college time and that can cost a lot. Make sure there are no surprises with the Coverdell Education Savings Account (ESA). It’s the perfect way to save for education expenses and get tax benefits at the same time.
 

  • Yearly contribution limit of $2,000 per child applies
  • Hope and Lifetime Learning credits can be claimed in the same year as tax-free distributions are made, as long as the same expenses are not used for both
  • Distributions exceeding qualified education expenses are taxable to the beneficiary and may be subject to an additional 10% tax

For more info, visit our IRA Service Center

IRAs

How you save for retirement can make the difference between crackers and caviar. We’ll guide you through the finer points of contribution limits, tax deductions, and required minimum distributions, so you can choose a retirement vehicle suited to your tastes.
 
Learn more about IRAs>>

National Credit Union Administration

This Credit Union is federally insured by the National Credit Union Administration. This Credit Union is an Equal Housing Lender, we make loans without regard to race, color, religion, national origin, sex, handicap, or familial status.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 800.877.2345 for assistance.

© 2019 Farmers Insurance Group Federal Credit Union.

All rights reserved.

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