Your credit union benefits begin right here! The Regular Savings Account is the foundation of your credit union membership. This account is ideal for savers of all ages. You can deposit as much as you like, whenever you like. The minimum deposit to open and maintain membership is $5.00.
Individual Retirement Accounts
Choose from Traditional or Roth IRAs. These accounts are an easy and convenient way to save for your future. You can use payroll deduction or add any amount up to the maximum allowed per person per year. This account never carries an annual maintenance fee. However, the IRS imposes a penalty for early withdrawal and allows only one rollover every 365 days.
Health Savings Account
If you have a high-deductible medical plan, a BBCU Health Savings Account can help you manage your health care costs. The funds you deposit in an HSA can be used to pay for medical expenses such as transportation to doctor visits, medications, and vision care. There is no “use it or lose it” rule and the funds are tax-deferred. You can use payroll deduction or add any amount up to the maximum allowed per plan per year. This account never carries an annual maintenance fee and any money in the account rolls over from year to year – you get back what you don’t spend.
Super Saver Account
Want to earn more on your money on your excess cash? Then a Super Saver account is just what you are looking for. With an opening balance of just $2,500 you can earn a higher interest rate. Interest is paid and compounded monthly using the daily balance. This is a “tiered” account so the more money you deposit, the higher your interest rate. All you need is a minimum of $2,500 to open the account.
Use this account to help you save for the holiday season. Use payroll deduction to steadily save for the holidays. Ready to shop? Money available for withdrawal at anytime and automatically transfers to your regular savings or checking account on November 1st.
Thinking about that next vacation? Then open an interest earning vacation club account now. Use payroll deduction to steadily save and you won’t deal with the stress of credit card repayments when you get back. Money available for withdrawal at anytime and automatically transfers to your regular savings or checking account on July 1st.
Special Purpose Savings
Personalize your savings account to fit your specific savings needs. User personalized account names,ex.college fund, to keep you focused on your savings goals. Use payroll deduction to steadily save and watch your savings grow.