Plan to save
Enjoy peace of mind knowing there's money for unexpected things like medical expenses, or fun things like vacations, with a credit union share accounts. Payroll deduction and direct deposit are two ways we can help you make a savings plan.
Your base account
Niagara's Choice Share Savings Account is a credit union member's base account. This account is opened and must remain opened in order to take advantage of the full range of credit union products and services.
A minimum deposit to open of $5 is required at the time a member applies for membership.
An account that pays you back
A Share Savings Accounts pays quarterly dividend rates which are compounded daily when the account maintains a minimum $250.00 daily balance.
Share Savings Account statements are sent according to the following conditions
- A monthly statement is mailed when any activity (deposit, withdrawal, or electronic funds transfer) occurs
- A quarterly statement is mailed during any quarterly period where activity has occurred
- Only an annual statement is sent in cases where no activity has occurred
All Savings Accounts are insured to at least $100,000 by the National Credit Union Administration (NCUA) which is the federal regulatory body overseeing the operations of credit unions in the United States.
Check out our current rates. Our fees are low but you should be aware that a fee may reduce earnings.
A maximum cash withdrawal of up to $1,500 per day is allowed. Withdrawals exceeding this amount will be honored in the form of a Credit Union Draft.
