Saving at First Castle
|Share Savings||Share Certificate||Money Market Account|
|Best if you||Have extra funds and would like to earn interest on your account balance.||Would like to earn a higher fixed rate of interest for a set period of time.||Seek a flexible investment that can respond to the rate environment.|
|Minimum to Open||$5.00||$500||$100|
|Qualifications||Must be eligible for membership.||Must open personal share savings account.||Must open personal share savings account.|
|Earns Interest||Yes. Tiered Accounts||Yes. Tiered Accounts||Yes. On balances over $2,000|
|Monthly Service Charge||No||No||No|
|Transactions||Limited to (6) free withdrawals or transfers per month. $5.00 per withdrawal if these limits are exceeded. Exception: ATM and in branch withdrawals are unlimited.||6 free withdrawals or transfers per month. $5.00 per w/d if these limits are exceeded.|
|Extras||Free On-Line access, Free eStatements||Tiered Accounts to meet your needs. Free On-Line access and eStatements||Free On-Line access and eStatements|
|The fine print||Rates are subject to change without notice. APY* based on monthly compounding of interest. Fees may reduce earnings.||A penalty may be imposed for early withdrawal. Rates are fixed and guaranteed at the time the certificate is opened. APY* based on monthly compounding of interest. Fees may reduce earnings.||Rates are subject to change without notice. APY* based on monthly compounding of interest. Fees may reduce earnings.|
Your share savings account defines you as a member/owner of the Credit Union. This account can be opened as a single or joint membership. Your savings in this account, as well as all our savings vehicles, are insured to the legal limit by the NCUA (for a brochure on how your funds are insured please go here), an independent agency of the federal government. There is no maximum or minimum deposit amount.
The Kasasa Saver is a free account that helps you save! Any earned high APY* & ATM fee refunds will sweep automatically at the end of the month. It also has some great rewards! earn 1.00% APY* up to a balance cap of $10,000. When you qualify in Kasasa Cash® or Kasasa Cash Back®, you qualify in Kasasa Saver® too!
Time Share Certificates
Earn higher dividend yield by opening a First Castle FCU Share Certificate! Terms are available from 6 months to 5 years with a low minimum deposit of only $500.00.
Money Market Account
This is the perfect savings vehicle for members looking to earn higher dividend rates yet still have access to their funds. This account begins earning interest on balances over $2,000.
If you’re not putting the tax laws to work for you for your retirement years, stop by the Credit Union to learn more about the benefits of our IRAs. It’s never too early to begin preparing your nest egg for the future. Currently, we offer both Traditional and Roth IRAs.
This year-round savings program is designed to help you save for holiday expenses. In early November, your funds will be disbursed into your share account just in the “Nick” of time for holiday shopping sprees.
Castle Kids Club Account is a fun and educational way to teach your child about saving money. Click Here for more information on our Castle Kids Club Accounts!
Saving for College?
Louisiana Start Saving Program
How can you cover your child’s future college costs? Saving early (and often) may be the key for most families. The Louisiana Start 529 Savings Plan offers Louisiana families another alternative to help fund their children’s education.
The State of Louisiana offers this college savings plan, which is called a “Qualified Tuition Plan”, under Section 529 of the Internal Revenue Code. The Student Tuition Assistance and Revenue Trust Program, commonly referred to as the “START Saving Program,” is a college savings plan designed to help families contend with the growing costs of educating their children after high school.
As tuition and other costs associated with attending college seem to rise each year, it is important to explore all your available options to help with that potential burden.
*APY=Annual Percentage Yield