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Savings

Share / Savings Accounts

Give yourself maximum flexibility, make deposits and withdrawals with virtually no time restrictions.

You can open a share/savings account with as little as $50, allowing you to become a member, open other accounts, and no monthly fees. To earn dividends, you must maintain a minimum daily average balance of $100.

Dividends

  • Compounded monthly 3
  • Dividend rates determined by the average daily balance 1
  • Higher rates paid on higher average balances

Opening Deposit

  • $50 7

Access

  • 24-Hour Access
  • No fee at Kern Federal Credit Union ATM's
  • TellerPhone access

Monthly Fees

  • None 2

Protection and Coverage

  • Accounts are federally insured up to $100,000 by the National Credit Union Administration, an agency of the Federal Government. Ask us how you may be able to increase your NCUA insurance coverage over the basic amount.

TERMS

  1. See the current Truth-In-Savings Disclosure that is provided when you open your account, and upon request.
  2. Fees could reduce the earnings on the account. Refer to the current Fee Schedule that is provided when you open your account. For Money Market Accounts free withdrawals are limited to 6 per month.
  3. If you close your account before dividends are credited, you will not receive accrued dividends.
  4. Substantial penalty for early withdrawal.
  5. Consult your tax advisor.
  6. Annual IRA "Plan" maintenance fee is $10.00 per year.
  7. $5.00 minimum opening deposit for members age 15 years and under.