A Russell Country Regular Share Savings account establishes your credit union membership. Once your Regular Share Savings is opened, members may utilize other credit union products and services.
The minimum opening balance is $25, and equals one share in Russell Country Federal Credit Union. Dividends are calculated using the daily balance method, and are paid monthly. If a Regular Savings account is the only share account you have with the credit union, statements are mailed quarterly. Your savings account funds may be accessed using a Russell Country ATM card.
Money Market Savings
A Russell Country Money Market Savings Account is designed to reward members by paying a higher dividend rate on a larger deposit balance. The minimum balance requirement to open a Money Market Savings is $1,000. The transaction requirements for this account require minimum withdrawals of $200. Dividends are calculated using the average daily balance method, and are paid monthly. Your funds in a Money Market Account can be accessed through a transaction at our teller line, through PC Banking, or through our CALL Now Voice Response system.
See one of our Financial Services Representative’s today about our Money Market Savings Account.
High Yield Savings Account
Russell Country’s High Yield Savings Account is designed to offer a higher dividend rate, based on a tiered balance, for our members who want their funds to remain liquid, yet are searching for a higher rate than offered on our regular share or money market accounts.
The minimum amount required to open a High Yield Savings Account is $5,000, and the account carries a minimum deposit or transfer (in or out) amount of $500 per transactions. Dividends are calculated using the average daily balance method, and are paid monthly.
If you’re looking for a higher yielding savings account product that keeps your funds liquid, see one of our Financial Service Representatives about our High Yield Savings Account.
Christmas Club Account
The Russell Country Christmas Club Account is designed to help you save for holiday purchases. There is no minimum amount required to open however the maximum account balance is $2,500. Dividends are paid annually on October 31st using the daily balance method. The account balance plus dividends are transferred to Regular Savings on November 1st.