A Share Savings Account is the basic account you open when you join ABD Federal Credit Union. Our Share Savings Account is an excellent general purpose account with features such as those to the right.
Christmas Club Savings
Take the stress out of financing the holidays by opening a Christmas Club Account. With convenient payroll deduction you can transfer Weekly, Bi-weekly or Monthly to your Christmas Club Account. In November, the amount you put in plus dividends will be transferred into your Regular Share Savings or Checking account, for your Christmas Shopping.
Split Rate Savings
Split Rate Shares are a tiered share account on which the credit union pays dividend at a different rate for each level on deposit. A MINIMUM BALANCE of $500 must be maintained in the Regular Share account by each member who has a Split Rate account. This $500 is not available to the member for as long as the Split-Rate account is open.
|Rates for Share Savings|
|Effective Date: January 1, 2019|
|Minimum Deposit||Minimum to Earn Interest||Dividend Rate||APYć||Minimum to Avoid Charge|
|Split Rate Shares**||$500.00||$0-$2,000||0.20%||0.20%||$500.00|
|$500.00||$5,000 ľ Up||0.45%||0.45%||$500.00|
|Special Share Savings||$0.01||$100.00||0.15%||0.15%||$100.00|
|Loan Pledge Shares**||$100.00||$100.00||$100.00|
|Christmas Club Shares**||$100.00||$100.00||0.20%||0.20%||$100.00|
|* Share Account has $5.00/month service charge on balances below $100.|
** Penalty incurred for early withdrawal.
† APY = Annual Percentage Yield. Interest will compound monthly to the certificate, will pay to another account, or will accrue until maturity.