SAVINGS ACCOUNTS

Easy Savings & Money Market Accounts | Fortera Credit Union

Easy Ways to Save

Keeping a portion of your portfolio in a "safe place" doesn't mean it can't keep earning for you. With Fortera Credit Union's Money Market Accounts you earn a much higher dividend rate than in a standard Savings Account. Plus, the higher your balance, the more you earn. You can easily access your money in our branch or by check.

 

Savings Account

The basic account for saving on a regular basis. Each member of Fortera Credit Union joins through our Share Savings Account.

  • $5.00 new account fee to open.
  • Must maintain $5.00 minimum balance for access to all Fortera Credit Union products and services.
  • Dividends paid quarterly on balances over $50.
  • Limited to two in branch withdrawals without a fee and six preauthorized transactions per fee cycle.

Spare Savings

  • $5.00 opening fee
  • Use to save for something special.
  • Same features as Share Savings.

 

Rates  Account & Service Fees  Open a New Account   

Share Certificate Accounts

For an even higher yield, you can choose the type and term of our Fixed or Variable Rate Certificates. For investing your funds for a specific term, you earn higher dividends. There is a penalty for early withdrawal.

Fixed Rate Share Certificate

  • Available with terms of 90 days to 60 months
  • These certificates offer the benefit of a guaranteed return with very competitive dividend rates.
  • You choose the term that meets your needs.
  • Fixed Rate Share Certificates are available with a minimum deposit of $1,000.
  • Dividends are compounded and credited quarterly on the certificate anniversary date.

Variable Rate Share Certificates

  • If rates will be rising, a Variable Rate Share Certificate may be the way to go.
  • Offered with an 18-month term
  • You can open a Variable Rate Share Certificate with a minimum $500 deposit and add to the certificate at any time.
  • Deposits allowed, minimum of $5.00
  • Dividends are compounded and credited quarterly on the certificate anniversary date.

FlexForward Share Certificate

  • Fixed Rate
  • Variable term, 6 - 12 months
  • $25.00 minimum opening deposit
  • Deposits allowed, minimum of $5.00
  • One withdrawal per term without a penalty
  • Enjoy the guaranteed rate of a certificate along with the flexibility to make extra deposits and even one penalty-free withdrawal. Get all that and a great rate, too, with the FlexForward Share Certificate.

Smart Start Share Certificate

  • Variable rate certificates with a minimum $100 opening deposit.
  • Available in a 24-month term.
  • You can add to the balance at any time during the 24-month term.
  • Deposits allowed, minimum of $5.00
  • A great way to teach your child or grandchild how to invest their money.

 

Rates  Account & Service Fees  Open a New Account   

 

Galaxy Money Market Account

The higher your balance, the more you earn in our Galaxy Account for funds you like to have more readily available.

  • For those saving $2,500 and up, this account offers a much higher return with easy access to funds when needed.
  • Minimum $2,500 to open.
  • Daily minimum balance of $2,500 must be maintained to avoid a monthly service fee.
  • Transactions are limited to six (6) transfers or withdrawals during a monthly statement cycle to another account of the depositor at the same institution or to a third party by means of a pre-authorized or automatic transfer, or telephonic (including data transmission) agreement, order, or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to third parties.
  • Dividends credited monthly.

 

Rates  Account & Service Fees  Open a New Account   

Individual Retirement Accounts (IRA)

Saving for retirement or your child's college education is easy by making contributions to an IRA. IRAs provide a way for you to save for your long term goals and receive tax benefits along the way. Prepare for your retirement by clinking on the links below to view these helpful brochures packed with information to help you plan for your future.

 

Rates  Account & Service Fees  Open a New Account     

It's your choice. Fortera Credit Union can help you with all your IRA needs. Your IRA Plan may be invested in one or more of the following types of accounts:

Cumulative IRA

  • Competitive tiered dividend rates
  • $500 minimum opening deposit
  • Deposits allowed, $5.00 minimum
  • Dividends are compounded and credited quarterly.

IRA Fixed Rate Share Certificates

  • Terms from 12 to 60 months
  • $500 minimum opening deposit
  • Dividends are compounded and credited quarterly.

IRA Smart Start Fixed Rate Certificate

  • Fixed Rate
  • Fixed Term 12 months
  • $100 minimum opening deposit
  • Deposits allowed, $5.00 minimum

IRA Variable Rate Share Certificates

  • Terms of 18 or 30 months
  • $500 minimum opening deposit
  • Dividends are compounded and credited quarterly.
  • Deposits allowed, $5.00 minimum

 

The National Credit Union Administration insures your IRA contributions up to $250,000.00. 

Youth Savings (under age 18)

The perfect place to deposit allowances, gifts, and earnings is a youth. savings account!

  • No new account fee to open.
  • Must maintain $5 minimum balance.
  • Dividends paid quarterly on balances over $25.
  • Limited to two in branch withdrawals without a fee and six preauthorized transactions per fee cycle.


Rates  

Find out more about our Youth Programs for children and teens!

ChangeUp

ChangeUp is the easy and painless way to save every time you use your debit card. It’s rewarding, too. No matter what you earn on your checking account, you get a high 2.00% Annual Percentage Yield (APY) on the first $2,000 in your ChangeUp savings account linked to your debit card!

How It Works

With ChangeUp, your debit card purchases are rounded up to the next dollar and the difference is transferred daily to your ChangeUp savings account.

Soon, pennies change into dollars and dollars change into more dollars!

On your checking statement, each debit card purchase shows up just as you made it. Then, on a separate line, you’ll see the amount that’s rounded up for transfer into your ChangeUp savings account at the end of the day.

Easier Saving. Better Results.

Even though you get a whopping 2.00% APY on the first $2,000 in your ChangeUp savings account, you’re not locking your money away. It’s available whenever you need it for whatever savings goal you may have.

And don’t worry about ChangeUp putting your checking account at risk. If there aren’t sufficient funds in your checking account to cover the day’s ChangeUp transfer, we’ll just cancel it for that day. We’ll also cancel it if you’re overdrawn at any time during that business day.

Time to make a ChangeUp for the better!

If you’re ready to put your change to work, simply visit any Fortera Credit Union branch. We’ll have you enrolled in minutes.

ChangeUp. It’s where spending meets saving…and where a little change can accomplish big things.

FAQs

*APY = Annual Percentage Yield. Participation in ChangeUp is limited to Fortera Credit Union checking accounts which are linked to a debit card. Funds are deposited to ChangeUp savings accounts solely through a daily automatic transfer from the member’s checking account. Transfer will be canceled on days in which the checking account has been overdrawn or when the transfer may cause the account to be overdrawn. Up to two withdrawals may be made from the ChangeUp share savings account per month at no charge; $2.00 fee for each additional withdrawal. Fees may reduce earnings on the account. Dividend of 2.00% APY paid on all ChangeUp savings account balances up to $2,000. The portion of the balance above $2,000 will earn 0.20% APY. APYs accurate as of February 29, 2016, but are subject to change at any time, before and after account opening.
Federally Insured by the NCUA.