Positive financial health begins with good savings habits. Kit offers a wide option of savings accounts to help you reach your individual goals, in the way that works best for you. You can build your savings in confidence, knowing that your deposits are safe and secure; federally insured by the National Credit Union Administration (NCUA) up to $250,000.
Primary Savings
A Primary Savings (Prime Share) account establishes your membership in Kit FCU and allows you to take advantage of all of the other accounts, loans and services we offer. The $5 minimum balance requirement for your Primary Savings account is your “share” in Kit FCU. This makes you an equal member-owner of the credit union cooperative, and gives you the opportunity to vote in the credit union’s Board of Director elections.
Your Primary Savings can be a great account to build your emergency savings fund, or for any other savings goal. You can make unlimited deposits, and access your savings by withdrawing at an ATM (or in person) or transferring to another account.
Special Savings
A Special Savings account helps you to save for a specific goal or purchase by keeping your funds separate, so you can easily track progress towards your savings goal. A Special Savings can be a great way to save for annual taxes, purchasing a car, education expenses, home renovations, a down payment and more. There’s no minimum balance required to open, and you can nickname the account to help identify the saving purpose. When you’ve met your saving goal and are ready for the purchase, simply transfer or withdraw the funds.
Christmas Club
Deck the halls, without going into debt, with a Christmas Club savings account. Set aside savings into your Christmas Club account throughout the club year (January – September) in preparation for the upcoming holidays. Make your holiday savings shine even brighter by setting up automatic transfers each payday.
There is no minimum balance requirement to open a Christmas Club. Your funds become available for use on October 1, just in time to begin Christmas shopping. You can withdraw from your Christmas Club anytime between October 1 – December 31, without a fee.
Vacation Club
With a Vacation Club Savings, you can steadily save throughout the year so that when you’re ready to escape the daily grind; you’ll have money set aside to enjoy a well-deserved vacation! There’s no minimum balance required to open a Vacation Club, and you can make unlimited deposits. When you’re ready to take off, simply transfer the funds into your Checking or Savings to pay for your dream vacation.