Savings
Savings
A Share Savings Account is the basic account you open when joining ABD Federal Credit Union.
Maximize your financial potential with our account features:
- Competitive Dividends
- Earnings calculated daily and paid quarterly
- Unlimited withdrawals and deposits
- Convenient access with your ATM Card
- 24/7 accessibility through Telephone Banking, Online Banking and our Mobile App
We value your time. Enroll in Direct Deposit to make sure your payments are reliably deposited into your account every pay period, no matter where you are!
Christmas Club Savings
Simplify your holiday shopping with a Christmas Club Account! Easily set up payroll deductions to contribute weekly, bi-weekly, or monthly.
In November, your deposits plus dividends are transferred directly to your Regular Share Savings or Checking account, making your Christmas shopping stress-free.
Split Rate Savings
Split Rate Shares offer tiered interest rates, rewarding higher balances with better dividends.
To open a Split Rate account, each member must maintain a minimum balance of $500 in their Regular Share account; that balance remains inaccessible while the Split Rate account is active. This structure helps members maximize their earnings as their savings grow.
Youth Club Savings Program
Open a Minor Share Savings Account today and give children, grandchildren, nieces, and nephews a confident start in saving their spare change!
With no monthly fees, you’re establishing their financial foundation from the ground up. Setting up is quick with E-allowance, and managing the account is simple through online banking.
Rates for Share Savings
| Account Type | Minimum Deposit | Minimum to Earn Interest | Dividend Rate | APY† | Minimum to Avoid Charge |
|---|---|---|---|---|---|
| Regular Share* | $10.00 | $100.00 | 0.20% | 0.20% | $100.00 |
| Split Rate Shares** | $500.00 | $0-$2,000 | 0.25% | 0.25% | $500.00 |
| $500.00 | $2,000 - $5,000 | 0.35% | 0.35% | $500.00 | |
| $500.00 | $5,000 - Up | 0.45% | 0.45% | $500.00 | |
| Special Share Savings | $0.01 | $100.00 | 0.05% | 0.05% | $100.00 |
| Youth Club Regular Shares** | $10.00 | $100.00 | 0.02% | 0.02% | |
| Christmas Club Shares** | $100.00 | $100.00 | 0.02% | 0.02% | $100.00 |
| Loan Pledge Shares** | $100.00 | $100.00 | $100.00 | ||
| * Share Account has $5.00/month service charge on balances below $100. ** Penalty incurred for early withdrawal. ***No monthly service charge for Youth Club Regular Shares. † APY = Annual Percentage Yield. Interest will compound monthly to the certificate, will pay to another account, or will accrue until maturity. | |||||