SAVINGS
American Community FCU offers a variety of federally insured savings and investment
accounts.
You can use any or all of these ways to save for a great vacation, make holiday
shopping easy, build an education fund, plan for your retirement, save for any
other need, or earn the additional income you need today.
At American Community FCU we offer you the following savings/investment options:
 Share
Savings Accounts
As a credit union member, your member-owner status is represented by the shares
you save at American Community FCU.
That's why we call your savings account a Regular Share Savings Account. You
must open this account with an initial minimum deposit of $5.00, and maintain
that balance to remain a member in good standing.
All Regular Share Accounts with a $100 minimum balance earn money from day-of-deposit
to day-of-withdrawal. The dividend (interest) is calculated daily and compounded
quarterly. Your funds are insured by the NCUA. At American Community Federal Credit
Union, you benefit from both competitive dividends and professional member service.
You may open other Share Accounts for specific savings purposes like education,
taxes, vacations, or special purchases. To open another Share Account for any
purpose, visit or contact us.
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Money Market Account
If you want high-interest saving and flexible, fixed term investing, our Money
Market Fund is a good choice for you. This safe (federally insured) option offers
the best of both savings accounts and fixed term investments by paying the high
interest rates of fixed term investments, while allowing you to withdraw money
as you need it.
With as little as $500, you can open a Money Market Fund. Our tiered structure
lets you earn increasing levels of dividend returns for greater amounts of investment.
Dividends are calculated based on the average daily balance and are credited quarterly.
To access your funds, simply transfer the desired amount to your credit union
Share or Share Draft/Checking Account to withdraw as you need it . And once you
have opened a Money Market Fund, there are no fixed terms, no minimum deposit
requirements, and no penalties.
Features:
- Minimum balance of $500 required to open account.
- Minimum balance of $2,500 required to earn dividends.
- Tiered dividend levels for balances over $10,000 and $50,000.
- Dividends paid quarterly, calculated using the Daily Balance Method.
- Deposits are unlimited.
- Total withdrawals/transfers are limited to six (6) per month, only three (3)
of which may be made by check.*
- Statements are mailed monthly and reflect all transactions for the preceding
month.
To see our current rates, click here. For more information,
call us or visit us.
* Once the monthly three (3) check limit is reached, all subsequent checks
presented during the month will be returned not paid, and an overdraft fee per
item will be assessed.
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 IRAs
An Individual Retirement Account makes a lot of sense when planning your retirement
or your investment future.
Your Social Security benefits and pension are not intended to provide all of
your retirement income. And planning ahead to pay for an education, or to buy
a house, or any future goal is always wise.
Today's IRAs provide more tax benefits and greater earnings than in previous
years. You can choose from taking advantage of yearly tax deductions now, or save
your tax breaks for future withdrawals. American Community Federal Credit Union
offers Traditional and Roth IRAs.
Contact the credit union for information on both Roth and Traditional IRA products.
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 Term
Share Certificates (Certificates of Deposit)
Looking for higher earnings on your savings?
Consider our Term Share Certificates which are the same as Certificates of
Deposit (CDs). They pay higher interest rates because they are deposited for a
fixed period of time. You can open a Term Share Certificate with as little as
$500.
Investment terms range from 3 months to 5 years. The rate is fixed for the
entire certificate term. Dividends are calculated daily and compounded and credited
to your account quarterly.
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 Club
Accounts
Saving is easier when you have a goal and purpose in mind. Having a defined
timeframe helps you stick to your savings budget.
You can open a Vacation, Christmas, Tax, Education, New Baby, or any other
Club account you want. Whatever account you choose you still earn dividends which
are compounded and credited quarterly. You can mail in your deposit, deliver it
in person, or set up an automatic transfer from your direct deposit.
Stop in and start your Club Account today. Save with a goal in mind, and watch
your money grow!
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