Financial institutions act as an agent for providing financial services to its clients and members. They provide different ways and methodologies for monetary assistance and wealth creation. People tend to rely on these institutions in their hard and good times. In difficult times, the public needs financial backing, and in good times they need opportunities to save & grow their money. Wealth creation becomes possible through Credit Unions as they offer higher rates of return on investments. Army Aviation Center Federal Credit Union (AACFCU) operates on the principle of giving more to its members.
If you are a member of AACFCU, then you can open your savings account and earn a high rate of interest as explained below:
Regular Savings Account:
With a minimum deposit of $5.00, you start earning dividend at the rate of 1.00% having 1.00% APY.
@ You need a one-time membership of $1.00 per person.
@ After your initial deposit you need to keep a minimum balance of $5.
@ Dividend rates are compounded and paid quarterly.
@ Up to 6 electronic transfers or withdrawals are allowed per month.
@ You can set up automatic deposits from your paycheck at no additional charge.
Christmas Club Account:
Its a great way to save for your holidays. You can make deposits through out the year and the money will be deposited to your savings or checking account during the second week of November.
– With an opening deposit of 45.00 you get to earn 2.00% dividend rate and 2.02% APY.
@ There is no minimum age for opening your account.
@ Dividend rates will be compounded and paid on a quarterly basis.
@ You can set up automatic deposits from your paycheck at no extra charges.
@ It cannot be used as a loan collateral and is not covered by life savings insurance.
@ A penalty of $10.00 will be levied for withdrawals made from prior to the scheduled withdrawal date.
Kirby Kangaroo Club Account:
This is an amazing account meant solely for kids. Parents can make their child financially smart by visiting this website http://www.kirbykangaroo.com/index.php?cuid=60792974. This program is designed for kids of age 12 and under.
*All the above stated rates have been noted as on 12 November, 2008.
** Your funds are federally insured up to $250,000 and backed by NCUA.
For more information about member services and account details you may call at 800-448-4096.