Put your hard earned money to work.
Watch your money grow in a FinancialEdge savings account. You’ll benefit from better rates as a member of our not-for-profit financial cooperative. FinancialEdge's High Yield accounts, Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) keep your money secure and growing on its own. That means peace of mind for you right now. Sit back, relax, and watch your savings grow!
You’ll also enjoy the peace of mind in knowing that your funds at FinancialEdge Credit Union are Federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency.
Earn More with a High Yield Account
High Yield 2.5 Account
Our high yield accounts provide higher returns than Member Savings and greater liquidity than CDs. You can open a High Yield 2.5 Account with $2,500 or more and earn rates based on your account balance.
High Yield 25 Account
A deposit of $25,000 or more qualifies you for a High Yield 25 Account. Tiered rates based on account balances.
What is a High Yield Account?
A High Yield account gives you the benefits of a savings account. Deposits earn higher dividends than a regular savings account while keeping money accessible when needed.
High Yield Accounts at FinancialEdge have a higher minimum balance than a savings account, but offer a tiered earnings structure. And because a High Yield Account is insured by the NCUA, it's a great way to securely earn dividends on your savings while keeping your funds accessible.
What are the Benefits of a High Yield Account?
- Competitive dividends paid monthly
- No penalty for early withdrawal
- Higher dividends paid on higher balances
- Insured up to $250,000 by the NCUA
- A maximum of 6 withdrawals per month
How does a High Yield account work?
The main difference between a High Yield account and a regular savings account is that the account earns interest based on tiered balances. It also requires a higher minimum balance to open the account than your typical savings account. In addition, the number of withdrawals is limited to 6 per month.
Like a savings account, the interest earned is taxable, while providing the same federal insurance protections offered by the financial institution. High Yield accounts from a credit union are also backed by the National Credit Union Administration (NCUA).
Why would you want to open a High Yield account?
A High Yield account is a good way to watch your money grow safely. The account can earn a higher interest rate while being low risk. Funds are accessible in a pinch while being securely held by the financial institution. It’s a great option for accountholders to use for an emergency fund.
If you are looking for a savings account with competitive rates and flexible withdrawal options, open your FinancialEdge High Yield Account today. Visit your nearest office location, call 989-892-6088, or email us to get started.
|High Yield Accounts|
|Effective Date: Tuesday, September 26th, 2023|
|Account Type||Interest/Dividend Rate||APY+ -Variable||Minimum Opening Balance||Minimum Balance for Dividend||Div. Period Compounded & Credited|
|High Yield 2.5|
|$0.00 - $2,499.99||0.00%||0.00%|
|$2,500 - $9,999.99||0.10%||0.10%||$2,500.00||$2,500||Monthly|
|$10,000 - $24,999.99||0.12%||0.12%|
|$25,000 and up||0.15%||0.15%|
|High Yield 25|
|$0.00 - $24,999.99||0.00%||0.00%|
|$25,000 - $49,999.99||0.15%||0.15%||$25,000.00||$25,000||Monthly|
|$50,000 - $74,999.99||0.17%||0.17%|
|$75,000 and up||0.20%||0.20%|
|High Yield 75|
|$0.00 - $74,999.99||0.00%||0.00%|
|$75,000 - $99,999.99||0.20%||0.20%||$75,000.00||$75,000||Monthly|
|$100,000 - $149,999.99||0.25%||0.25%|
|$150,000 - $199,999.99||0.30%||0.30%|
|$200,000 and up||0.30%||0.30%|
|Premium High Yield|
|$0 - $24,999.99||0.00%||0.00%|
|$25,000 - $49,999.99||1.49%||1.50%||$25,000.00||$25,000||Monthly|
|$50,000 - $99,999.99||1.59%||1.60%|
|$100,000 - $499,999.99||3.93%||4.00%|
|$500,000 and up||3.93%||4.00%|
For Interest/Dividend bearing accounts, fees could reduce earnings.
Prepare Financially for Retirement
During retirement, it’s crucial you have enough income to cover expenses. You can help make sure you are financially prepared by adding a FinancialEdge Individual Retirement Account (IRA) to your retirement plan. An IRA gives you an additional account to save for, and better enjoy, your retirement.
What is an IRA?
An IRA is a form of retirement plan that offers certain tax advantages. The two most common accounts are Traditional IRAs and Roth IRAs. Each offers different tax advantages and benefits, so it’s important to compare them.
IRA savings accounts are safe, affordable, convenient savings accounts that help you save money and manage your cash. Earnings may even be tax deferred. Contribute whenever you like, or by automatic direct deposit, up to the maximum allowed per year. Dividends are computed daily and paid monthly.
It's easy to set up a regular contribution from your paycheck or FinancialEdge Credit Union account directly into your IRA. Add a little or a lot each month and watch your savings grow effortlessly.
Benefits of a FinancialEdge IRA
- Excellent long-term savings vehicle
- Tax advantages1
- Flexible options
- Easier to manage than other retirement accounts
- Both Traditional and Roth IRAs available
- Insured up to $250,000 by NCUA
Don't wait. Speak to one of our Member Service Representatives today to determine if a Traditional or Roth IRA is right for you, and start yourself on the path to a comfortable, relaxing retirement. Call 989-892-6088 or email us.
|Effective Date: Tuesday, September 26th, 2023|
|Account Type||Rate||APY†||Minimum Opening Balance||Min. Required Balance for Div./Int.||Div. Period Compounded & Credited|
|Traditional and Roth|
|$0.00 - $99.99||0.00%||0.00%|
|$100 - $9,999.99||0.10%||0.10%||$100.00||$100.00||Monthly|
|$10,000 - $49,999.99||0.12%||0.12%|
|$50,000 - $99,999.99||0.17%||0.17%|
|$100,000 and up||0.20%||0.20%|
1 Consult your tax advisor.
Our Certificates of Deposit earn a fixed rate of interest over the entire period of the investment. You can choose the term that best fits your investment goals and lock in a guaranteed rate. CDs offered in several types, including: Standard and Special Terms, Traditional IRA and Roth IRAs.
CURRENT CD RATES and TERMS:
†APY = Annual Percentage Yield. Minimum balance required to open the account. Interest calculated by the daily balance method.
***Minimum opening balance and minimum required balance for interest for minors is $100.
Rates fixed for the term of the certificate. A penalty may be imposed for early withdrawal. Save To Win minimum balance $25.
With just $25 you can open a Save To Win Certificate and qualify to win THOUSAND$ in Quarterly prizes! Want to find out more? Click here for promotion details and additional information.
2023 Monthly Prizes:
Monthly Partner Credit Union prizes:
Additional Monthly Prizes for FinancialEdge Credit Union Members:
2023 Quarterly Prizes:
Congratulations to our 2022 WINNERS from FinancialEdge Credit Union. We'll be contacting next month's winners soon!