Savings Account
A basic savings account makes savings easy and money is accessible when you need it. Everyone who wants to bank here must open a savings account with at least a $25 deposit. This establishes your membership. Your savings can be used as overdraft protection for your Altana checking account. Direct Deposit and Payroll Deduction can be used to help your savings grow. We can also set up automatic transfers. So, for instance, every two weeks $50 is transferred into your savings account automatically.
| Features | Benefits |
|---|---|
| No monthly service charge | Affordable |
| Minimum initial deposit of $25 allows a member to have access to other low cost products and services | Affordable |
| Minimum balance to earn dividends is $25 | Earns dividends |
| Dividends are calculated using the average daily balance and are paid monthly on the last day of the month | Earns dividends |
| Provides an account for members to automatically transfer loan payments | Convenient |
| Balance above $25 may provide automatic overdraft protection for checking accounts | Protection |
| Periodic statement, usually quarterly, monthly if any electronic or telephone services are utilized, such as Telephone Teller or ACH | Peace of mind |
| Funds may be used to share secure a loan | Flexible |
| No more than six withdrawals by electronic transactions | |
| Account access in person, by mail, Direct Deposit, Payroll Deduction, Telephone Teller, Online Banking and ATM | Convenient |
| Federally insured by NCUA for up to $250,000 | Peace of mind |
| You must maintain a $25 savings account to become an account holder or owner (member) of the credit union. Should you decide to leave the credit union, these funds are yours | Membership |
