Savings
Achieve financial goals of all sizes with accounts that will help you commit to saving.
Savings Account
When you open a savings account, you establish yourself as an official member of Sabine Federal Credit Union and gain access to all of our great products and services.
Benefits
- No monthly fees
- Free Online Banking
- Free e-Statements
- Nationwide account access through Shared Branching
Additional Details
- $5.00 deposit is required to open a savings account
- The $5.00 deposit represents one share of ownership in the credit union and must be maintained as long as you are a member
- Dividends are earned daily and posted monthly
- Statements are mailed quarterly
Deposit Accounts
Effective Date: Saturday, October 12, 2024
| Savings | .20% APY |
APY indicates annual percentage yield. Rates subject to change at any time without notice. Early withdrawal penalties may apply. Fees incurred could reduce earnings.
Minimum $5 deposit for savings and Christmas club accounts. Minimum $50 deposit for checking accounts. Minimum $1,000 deposit for IRA accounts. Minimum $1,000 deposit for certificates.
Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. NCUA - National Credit Union Administration, a U.S. Government Agency.
IRAs
Build financial confidence by preparing for retirement now. Choose the Individual Retirement Account (IRA) option that will help you save for your post-career life. Traditional, Roth, and Coverdell IRAs are available.
Deposit Accounts
Effective Date: Saturday, October 12, 2024
| IRA | 0.20% APY |
APY indicates annual percentage yield. Rates subject to change at any time without notice. Early withdrawal penalties may apply. Fees incurred could reduce earnings.
Minimum $5 deposit for savings and Christmas club accounts. Minimum $50 deposit for checking accounts. Minimum $1,000 deposit for IRA accounts. Minimum $1,000 deposit for certificates.
Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. NCUA - National Credit Union Administration, a U.S. Government Agency.
Certificates
Setting funds aside in a certificate is a simple way to enhance your savings strategy. Choose a term that works for you and start earning guaranteed dividends.
- Earn more dividends than you would with a regular savings account
- Minimum opening deposit of $1,000
- Must maintain a balance of at least $1,000 for the term
- Terms range from six (6) months to sixty (60) months
- Earned dividends may be posted to a savings or checking account monthly or at maturity OR you may choose to compound your certificate
- Automatic rollover options are available
- Penalties for early withdrawals
Deposit Accounts
Effective Date: Saturday, October 12, 2024
| Certificate - 6 months | 4.00% with an APYE of 4.07% |
| Certificate - 12 months | 4.50% with an APYE of 4.594% |
| Certificate - 18 months | 3.50% with an APYE of 3.55% |
| Certificate - 36 months | 3.25% with an APYE of 3.30% |
| Certificate - 60 months | 3.25% with an APYE of 3.30% |
APY indicates annual percentage yield. Rates subject to change at any time without notice. Early withdrawal penalties may apply. Fees incurred could reduce earnings.
Minimum $5 deposit for savings and Christmas club accounts. Minimum $50 deposit for checking accounts. Minimum $1,000 deposit for IRA accounts. Minimum $1,000 deposit for certificates.
Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. NCUA - National Credit Union Administration, a U.S. Government Agency.
Christmas Club
Plan ahead for shopping, travel, events, and more with an account that is dedicated to helping you prepare for holiday-related expenses.
- $5.00 deposit is required to open an account
- Dividends are earned daily and are paid monthly
- Funds can be used for other expenses including: vacation, taxes, etc.
Deposit Accounts
Effective Date: Saturday, October 12, 2024
| Christmas Club | .20% APY |
APY indicates annual percentage yield. Rates subject to change at any time without notice. Early withdrawal penalties may apply. Fees incurred could reduce earnings.
Minimum $5 deposit for savings and Christmas club accounts. Minimum $50 deposit for checking accounts. Minimum $1,000 deposit for IRA accounts. Minimum $1,000 deposit for certificates.
Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. NCUA - National Credit Union Administration, a U.S. Government Agency.
Best Years Club
Members age 55 and better can enjoy exclusive money-saving benefits.
Best Years Club members receive the following free and/or discounted services:
- Free check copies
- Free printouts
- Free ATM card
- Free personal checks (one box at a time; styles limited)
- One free money order per month, then $2.00 per additional money order
- One free cashier's check per day; then $5.00 per additional cashier's check
- One free teller check per day; then $5.00 per each additional teller check
- Domestic wire transfers for $10.00
- Stop payments for $15.00
- Safe deposit box rental at ½ the annual fee