Head Start Savings Account

For kids up to age 17.

• Minimum to open a Head Start Savings Account: $5.00.
• Earn 4.60% APY*on funds up to $1,000 in this account.
• The funds in the account that are over $1,000 will earn the regular savings rate.
• When a member turns 18, the entire account will earn the regular savings rate.

Club Savings Accounts

You can elect to make direct deposits into your Club Saving Account(s), or have funds transferred from your share savings account on a regular basis to help focus your savings.

Each Club Account pays dividends at the Regular Share Rate.

• Our Vacation Club lets you put aside funds to pay for that upcoming getaway.
• Our Summer Check Club helps you save throughout the school-year; so that you can "pay yourself" during the summer.
• Our Holiday Club helps you save throughout the year for end of year holiday shopping. Funds are paid out in October.

Money Market Accounts

Money Market Accounts give you the best of both worlds. Earn a higher dividend rate than the basic share savings accounts while having the ability to withdraw money at any-time without a fee.

Money Market Accounts are the flexible way to build your savings.

Certificate

Share Certificates are financial tools to help your savings grow at a fixed rate and for a fixed amount of time. Certificates earn higher rates than regular savings accounts.

• Terms of 3 to 60 months.
• Rate is locked-in and fixed until the maturity date.
• Dividends are compounded monthly and paid on the first of each month.
• $500 minimum opening deposit.
• Certificates can be opened at a branch.

IRAs: Roth IRAs & Traditional IRAs

Individual Retirement Accounts (IRA) may be opened at any time with a deposit of $10 or more. Funds can also be invested in IRA certificates starting at $500 and earn the same favorable rates and terms as our regular share certificate accounts.

Roth IRA

• Yearly contribution for 2026 is $7,500 (under age 50), or $8,600 ($7,500 standard + $1,100.00 catch-up contribution) if you are 50 years or older.
• Contributions are not-tax-deductible.
• Contributions generally can be distributed tax-free at any time.
• Earnings grow tax-deferred.
• Earnings can be distributed tax-free if the Roth IRA owner first made a Roth IRA contribution at least  five years ago, and is age 59 ½ or older, disabled, deceased, or qualifies as a first-time home-buyer.
• Distributions are not required until after the Roth IRA owner dies.

Traditional IRA

• Yearly contribution for 2026 is $7,500 (under age 50), or $8,600 ($7,500 standard + $1,100.00 catch-up contribution) if you are 50 years or older.
• Contributions may be tax-deductible.
• Earnings grow tax-deferred.
• Distributions generally are taxable.
• Distributions before you reach age 59 ½ are subject to penalty tax, unless you have an early distribution penalty tax exception.
• Required minimum distributions must begin at age 73.

Coverdell Education Savings Accounts (ESA)

A Coverdell ESA can help you save for a child's education expenses including tuition & fees, books, tutoring, supplies, technology, equipment, internet access, related services, uniforms, transportation, supplementary items, room & board (limits apply). They may be used for elementary, secondary and higher education expenses (public & private schools).

Yearly contributions for 2026 are $2,000.00.

With an ESA you make nondeductible contributions that provide the potential for tax-free withdrawals - including earnings - down the road*.

Who Can Contribute to an ESA? Anyone can contribute to a child's ESA; family & non-family alike, as long as the contributor's modified adjusted gross income (MAGI) falls below or within the applicable income limits*.

* This is not intended as tax advice. Please consult your tax professional to determine your eligibility.