Savings, Certificates, and Money Markets
Your Base Membership Account not only represents your ownership in Empower Credit Union, but will also earn competitive dividends (interest) on deposit balances. In addition, a host of other savings options are available to meet your particular investment needs.
For your convenience, you can make a deposit into any of your savings accounts by company or U.S. mail or in person. But the easiest way to make a deposit is with our Direct Deposit and Automatic Transfer services. With direct deposit or automatic transfers, you can automatically deposit your entire check or a portion of your paycheck to any of your Empower Credit Union accounts.
NOTICE: Empower Credit Union will not pay interest on any account balance less than $50.00.
Certificate of Deposit
Empower Credit Union’s certificate accounts include short-term investments of six and nine months, as well as long-term investments ranging from one to five years, with many options in between. All of our certificates offer highly competitive rates and require only a $1,000 initial deposit
Penalties may apply for any certificate that is closed prior to contracted maturity date. For additional information, please contact a Credit Union Representative.
Money Market Account
Empower Credit Union offers money market accounts for short-term savings where you don’t want to lock the funds for a long period of time, but still want to earn more money than a savings.
The Money Market account requires a minimum of $5,000 and has further tiers at $10,000, $25,000, $50,000, $75,000, and $100,000.
- There is no minimum dollar transaction amount.
- There can be no more than six (6) transfers (withdrawals) per statement cycle. This includes transfers to another account at the institution or to a third party by means of a preauthorized or automatic transfer, a telephonic agreement, automated teller machine, or order of instruction.
- No more than three of the six transfers may be by check, draft, or similar order payable to third parties.
- There is no limit on the number of deposits.
Christmas Club Account
A Christmas Club Account at Empower Credit Union is a great way to save for the holidays. Your savings with dividends (interest) will be transferred to the account of your choice in early October. Deposits can be made in person, by mail, direct deposit, or payroll deduction.
Vacation Club Account
Do you plan a trip every year in the summer….or in the winter? Then a Vacation Club Account is just for you! You select which quarter you want your savings with dividends (interest) to be transferred to the account of your choice. Deposits can be made in person, by mail, direct deposit, or payroll deduction.