 |
 |
|
|
The key to your financial security
Savings Accounts
Establishes your credit union membership
Your basic savings account, also called your "Regular Share Account" is the basic account for all credit union members. The minimum balance is $5. It’s not a fee, but the money remains on deposit to keep your account open. It also gives you one "share" in the credit union, which makes you a member. This membership gives you access to the rest of the credit union products and services. It also gives you a vote at the credit union annual meeting where the board of directors is elected. Consequently, you have a say on how the credit union is operated by exercising your right to vote.
Dividends on basic savings accounts are compounded and paid monthly. A $5 balance is required to earn a dividend. Click here for current rates.
Christmas Club and Vacation Club Accounts
The easy way to save for the holidays
Monthly or each payday we can automatically transfer some of your money into a special savings account for holiday spending. When you open up your Christmas Club account just tell us how much you’d like to have transferred and we’ll handle it from there. When Christmas rolls around again you’ll have cash to spend on all the special people in your life. The stress of holiday bills will be gone and you’ll be left with the joy of the holiday season.
On November 1st the money in your Christmas Club account is automatically transferred to your regular savings account. You can open your Christmas Club account with any amount. Dividends are not compounded and are paid annually. Click here for current rates .
Vacation Club works the same as a Christmas Club account. One withdrawal per year is permitted.
Business Savings
Sentinel Federal Credit Union offers the following Business Savings accounts:
Basic Business Savings designed for small businesses and non-profit groups.
Bonus Business Savings is targeted for medium to large business relationships and corporations.
Business Share Certificates enables you choose the interest rate and term that is best for you. Plus …
- Terms range from 3 to 48 months.
- Dividends are compounded daily and paid quarterly.
- A safe investment with a higher yield than a regular savings account.
- Higher investment amounts receive a higher dividend rate.
- Invest as little as $500.
- Additional .15% added to certificates for new money only.
- Early withdrawal penalties may apply.
- Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government and National Credit Union Administration, a U.S. Government Agency.
Business Savings Dividend Rates
|
Account
|
APY*
|
| Basic Business Savings $25 - $749 |
0.500
|
| Basic Business Savings $750+ |
1.000
|
| Bonus Business Savings $3,500 - $9,999 |
1.150
|
| Bonus Business Savings $10,000 - $19,999 |
1.550
|
| Bonus Business Savings $20,000+ |
1.800
|
*APY is Annual Percentage Yield
Your business is eligible for membership if either:
-
At least one equity owner of the business is a member or
-
The business entity is located within our field of membership: Pennington, Lawrence, Meade, Custer, Lyman, Todd, Tripp, Gregory, or Mellette Counties.
Contact our Business Financial Service Representative for more information.
Phone: 888-923-1400
Email:
dobusiness@sentinelfcu.org
|
 |
