 |
 |
|
|
 |
|||
 |
|
The cornerstone of any successful financial plan is a safe and growing level of personal savings. To give you a sound opportunity to save for the future, New Horizons Credit Union offers a full range of savings options, from basic accounts to high-yielding share certificates. Regular Shares: The home of your opening membership share, our regular Share (Savings) Accounts can be compared to passbook accounts at other institutions. You only need a $10.00 minimum balance to maintain this account and you can earn interest if your average balance is $50.00 or more. This account has no monthly service fees while paying a competitive dividend on your deposits. An inactive account fee will be assessed quarterly if your balance is less than $50.00 and you have no other accounts or loans with the credit union. Share Certificates: For higher returns, invest in a Credit Union Share Certificate. Featuring minimum balances of just $500 and terms from 3 - 60 months, a share certificate is the perfect way to earn above-market rates. Dividends are earned monthly, and can be re-invested for even higher yields, transferred into your Checking Account, or mailed to you by check. IRAs: If you're currently working, the government allows you to save for your retirement by depositing $4,000.00, or 100% of your earned income (whichever is less) into a tax-deferred individual retirement account. NHCU gives you the option of Traditional or Roth/Education IRAs, each with it's own unique advantages. You can use a Roth IRA to save for college, or with a Traditional IRA, you may be able to deduct your deposits from current income for even higher tax saving. Please call our IRA specialists at 1-888-707-IRAS for more information. ( Check with your tax advisor for the best IRA for you, and for details on deductibility.) Money Market Accounts: Enjoy the safety that comes with federal deposit insurance while also earning a high-yielding competitive dividend. This account offers a variable interest rate paid monthly with up to six withdrawals per month allowed. Minimum investment is $2,000.00, with higher rates for $20,000 and above. No interest is paid for a month in which the average balance is below the minimum. Christmas Club: Save for this special time of year in a New Horizons Christmas Club. Make regular deposits through payroll deduction, and we'll send you a check for your account balance in plenty of time for the holiday shopping season. It's an "out-of-sight, out-of-mind" savings plan that lets you rest assured you've got this important time of year covered. Federal Deposit Insurance: For your peace of mind, all Credit Union deposits are federally insured to $100,000 by the National Credit Union Administration (NCUA). The NCUA is currently the strongest federal deposit insurance fund in the world, giving you 100% confidence in the safety of your hard-earned savings accounts! Call the office nearest you or 1-877-994-9972 for current Savings Rates or more information. Basic (Checking) Account: This is the perfect no-frills Checking Account. With no minimum balance and no monthly service charge, all you do is make deposits and write your checks. Monthly statements and duplicate check copies ensure perfect record keeping, and special overdraft protection plans are available. A variety of check styles are also offered, without the excessive markups in price common at so many other financial institutions. Premier (Checking) Account: In exchange for a minimum balance of $2,500.00, New Horizons Credit Union will pay you an above-market dividend rate on your Checking Account deposits. Just like a Basic Checking Account, you'll receive monthly statements and the availability of overdraft protection. Our Ppremier Checking Account also offers duplicate check copies for ease of reconciliation. There is a service charge for each month your average balance is below the minimum. Overdraft Protection: Even the best record keepers bounce a check every now and then. To help you avoid unnecessary fees, NHCU provides the availability of an overdraft protection loan account for just this purpose. Based on credit approval, this loan covers any overdrafts you may write, allowing you to pay back after the fact. The Credit Union also offers an overdraft option for directly transferring funds from your Savings (Share) Account to your Checking (Share Draft) account.
Share and Share Certificate Rates
Rates April 23 2008
TERMS AND CONDITIONS ARE CONTAINED IN ACCOUNT INFORMATION BROCHURE * Average balances of less than $2,000 earn no interest * Health Savings Account (average balance of less than $500 earns no interest. * Penalty for early withdrawal on 3 month CD is all interest earned. Effective January 1, 2007
|
 |