Share Account:

The minimum amount required to open a Shares Account is $15.00. A $5.00 membership fee is taken the day you open your account. You must have a minimum balance of $10.00 to keep your Shares Account open at all times.

Dividends are paid on your Share Account semi-anually (January 1 and July 1). The dividend rate is declared by the Board of Directors before each dividend period. Rates may vary from year to year depending on net earnings. A minimum balance of $100.00 must be maintained to earn dividends.

Limitations may apply to your Shares Account. If there is no activity within 6 months, a $5.00 Inactive Fee is charged. Also, if more than 4 withdrawals are made within a month, a $5.00 Excessive Withdrawal Fee will be charged to your Shares Account.

Sharedraft Account:

You can open a sharedraft, or checking account with a minimum of $100.00.

There is a $7.50 sharedraft fee that is charged to your account on the last business day of every month.
An account with a balance of $500.00 or more will not be charged the monthly fee.

When you open a Sharedraft Account, you will recieve 10 free counter checks, a checkbook cover, and personal register stating your opening balance.

We have a variety of check styles to choose from. And if you are a member 55 years of age or more, your checks are absolutely free!

IRA:

Start saving now for your Retirement. An Individual Retirement Account is a sound and wise investment in your future and your tax-deferred savings plan starts right here at Fort Bayard FCU.

You can open an account with as little as $100.00, and the IRAs are separately insured up to $250,000 by the National Credit Union Administration.

Call or come in and inquire about the interest rate your IRA can earn today!

Withdrawals are subject to age requirements and may be subject to penalty. See tax code for specific conditions on age requirements, tax deductions and eligible deposit amounts.

Christmas Club Account:

A Christmas club account can be started with as little as $5.00 at any time of year. This account helps you save for a whole year, gaining interest on the total amount of money you saved. You are not allowed to withdraw any money saved on this account at any time. If you need to do so, a $10.00 penalty fee is deducted.

All Christmas Club Checks go out every year on the first business day in November.

Open a Christmas Club Account today and start saving for your holiday shopping now!