Savings, Share Certificates, and Money Markets

Your base membership account not only represents your ownership in Empower Credit Union, but will also earn competitive dividends (interest) on deposit balances. In addition, a host of other savings options are available to meet your particular investment needs.

Deposits

For your convenience, you can make a deposit into any of your savings accounts in person at one of our branches, including our Shared Branch Partners, or by U.S. mail. But the easiest way to make a deposit is with our direct deposit and automatic transfer services. With direct deposit or automatic transfers, you can automatically deposit your entire check or a portion of your paycheck to any of your Empower Credit Union accounts.

Share Certificates (Certificate of Deposit)

Empower Credit Union has share certificate accounts to meet everyone’s investment goals; from short-term to long-term. Our terms range from as low as six months, up to a maximum of five years. All of our certificates offer highly competitive rates and require only a $1,000 initial deposit.

Penalties may apply for any certificate that is closed prior to contracted maturity date. For additional information, please contact a Credit Union Representative.

Money Market Account

Empower Credit Union offers money market accounts for short-term savings when you don’t want to lock the funds for a long period of time, but still want to earn more money than a savings.

The Money Market account requires a minimum of $5,000.

Transaction limitations:

• There is no minimum dollar transaction amount.
• There can be no more than six (6) transfers (withdrawals) per statement cycle. This includes transfers to another account at the institution or to a third party by means of a preauthorized or automatic transfer, a telephonic agreement, an automated teller machine, or an order of instruction.
• No more than six transfers may be by check, draft, or similar order payable to third parties.
• There is no limit on the number of deposits.

Christmas Club Account

A Christmas Club Account at Empower Credit Union is a great way to save for the holidays. Your savings with dividends (interest) will be transferred to the account of your choice on either the first day of October or the first day of November – you decide. Deposits can be made in person, by mail, direct deposit, or payroll deduction.

Vacation Club Account

Do you plan a trip every year in the summer….or in the winter? Then a Vacation Club Account is just for you! You select which quarter you want your savings with dividends (interest) to be transferred to the account of your choice. Deposits can be made in person, by mail, direct deposit, or payroll deduction.