Velocity Credit Union - Saving Accounts - Putting Your Money In Motion

Ensure more financial security by saving your money at nothing less that the best savings yield. And Velocity's rates are among the highest in town. As a not-for-profit, Velocity offers better rates, low fess and even more security. For example, member deposits are federally insured to $100,000 by NCUA, a Government Agency. The credit union provides an additional $250,000 in deposit insurance protection per member account through ESI, the nation's largest private insurer of credit union deposits.

Financial strength is the name of the game. Velocity will help you win.

We have developed several savings account plans to fit the diverse lifestyles of our members.

Click on the following savings plans to discover the attributes of each one:

Regular Savings
Prestige Money Market Accounts
Share Certificates
Holiday Accounts

Savings Account

Account Description

Regular Savings

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Your Regular Savings account keeps your Velocity membership active. Keep at least a $25 balance in your regular savings account to maintain your membership. Dividends are calculated on daily balances of $100 or more, and are paid and compounded quarterly.

Service Fees: None
Dividends: Yes

Prestige Money Market Accounts

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Prestige Money Market Accounts let you earn a generous interest rate, but still access your money if you need it. Unlimited over-the-counter transactions are allowed, but you are limited to six preauthorized withdrawals or transfers each month-three can be by check. A Prestige Account can be opened with a minimum deposit of $1,000. Dividends are paid on balances of $2,000 or more. Dividends are compounded daily and paid monthly. Rates are set on the first day of each month. Avoid the $10 monthly fee by keeping a minimum balance of $1,000.

Service Fees: None if balance remains equal to or greater than $1,000, otherwise $10
Dividends: Yes

Share Certificates

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Velocity's Share Certificates pay some of the highest dividends we offer. Select a maturity term anywhere from 91 days to 5 years. Share Certificates are available at minimum deposit levels as low as $100. You can also choose from "mini-jumbo" certificates beginning at $20,000, or from "jumbo certificates" beginning at $90,000. Ask a Velocity representative for complete details.

Service Fees: None
Dividends: None

Holiday Accounts

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Let Velocity help relieve some of the financial pressure of the holiday season. Set aside money throughout the year. Open a Holiday Account at Velocity for only $10. You'll start earning interest immediately. Then, on October 1, we'll send you the balance, which you can use for holiday shopping.

Service Fees: None
Dividends: None