Statement Savings Account
The ACU Statement Savings Account is your key to becoming an ACU member. We make it easy to start building your savings with this fully-insured flagship account that lets you keep your money local.
Key features
Low minimum balance ($5)
No monthly fees
Savings Club Accounts
Have a special event, like the holidays or a vacation, that requires you to save up some cash? Our Savings Club Accounts offer a fully insured place to keep your money until you have met your goal. Plus, these accounts only require a dollar to open.
Key features
Plan ahead for special events
No monthly fees
Requires $1 to open and maintain as a balance
Access to Online Banking
Money Market Account
Need to have a little more flexibility with your savings? Our Money Market Savings Account might be what you are looking for. This account provides check-writing privileges and electronic transfers without fees. You also earn faster on higher balances with tiered rates.
Key features
Tiered rates for higher balances
$25 minimum balance
Up to 6 monthly withdrawals (3 via check, 3 via ACH/debit card)
Avoid a $5 monthly service charge by maintaining a $500 monthly balance
Certificates of Deposit (CDs)
Certificates of Deposit (CDs) offer faster growth of savings than a traditional Savings Account. Your money is placed in a fully-insured account for a specified amount of time. At the end of the term, you can opt to have your money and earned interest deposited into a new certificate, transferred to another account, or mailed to you via check.
Key features
Terms ranging from 7 days to 5 years
Flexible minimum deposits starting at $500
Rollover or payout options at the end of the term
Access to Online Banking & member services
Individual Retirement Accounts (IRAs)
Ready to get started saving for your retirement? An Individual Retirement Account (IRA) can help you plan for the future. With an IRA, you can grow your savings with a tax-deferred plan. ACU is also glad to help you rollover an existing qualified plan to a new IRA, or help you transfer an existing IRA to our credit union.
Traditional IRAs
If you are interested in tax benefits beginning at the start of your retirement savings, a traditional IRA may be your best bet. Traditional IRAs allow you to make pre-tax contributions, and you can start taking money out of the account without penalty beginning at age 59 ½. Distributions are counted as earned income and are subject to income tax.
Key Features
Save up to $7,000 a year
Tax-deferred earnings
Penalty-free withdrawals at age 59 ½
Required minimum distributions starting at 73
Roth IRAs
For those interested in enjoying tax-free distributions for their retirement, a Roth IRA is a great option. Contributions to a Roth IRA come from your post-tax earnings. That means you avoid paying taxes on your savings when you begin to take distributions at age 59 ½. However, you can withdraw money without penalty earlier if you are taking out less than your principal (i.e., not money earned from interest) and the principal has been in the account for at least five (5) years.
Key Features
Save up to $7,000 a year
Penalty-free, tax-free withdrawals as early as 5 years after the principal deposit
Tax-free withdrawals of any amount starting at 59 ½
