Savings Accounts – Russell Country Federal Credit Union

Regular Savings

A Regular Share Savings Account is the how you get started at Russell Country. Your $25 deposit gives you access to all the products and services we provide. And, as a member/owner, you can now participate and vote at our Annual Membership Meeting.

A Regular Share Savings is also a great way to get in the savings habit. Get started with as little as $25, add a little bit each month and watch your habit grow. The key is…you just have to start!

No Monthly Service Charge
Automatic Deposit Capability
Dividends are paid at the end of each month
ATM Access Capability

Savings Rates

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Secondary Savings

Whether you’re saving for that special event or you need some assistance with budgeting, a Secondary Share Savings might be what you need. Here’s how it works:

No Monthly Service Charge
Open numerous accounts with personalized names
Automatic deposit capability
Dividends are paid at the end of each month

Savings Rates

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Money Market

A “flexible” life requires a “flexible” savings option.

With a Russell Country Money Market Savings, you earn a higher dividend rate all while having the ability to deposit and withdraw funds from your account whenever you want, without incurring a penalty. Now, that’s some flexibility!

Minimum Balance Requirement – $1000*
Minimum withdrawal amount – $200
No minimum required on subsequent deposits
Dividends are paid at the end of every month
Funds can be accessed through PC Banking, CALL Now Voice Response or at any of our branch offices.

Savings Rates

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*Account will be closed and remaining funds transferred to Regular Share Savings if minimum balance drops below $1000.

High Yield Savings

Russell Country’s High Yield Savings was designed with the serious saver in mind. The more you save, the more you earn…all while enjoying the flexibility you need. Now, that’s serious business!

Minimum Balance Requirement – $5,000*
Minimum Transaction (Deposit or Withdrawal) Amount – $500
Dividends are paid at the end of each month
Funds can be accessed through PC Banking, CALL Now Voice Response or at any of our branch offices.

Contact our office and get started on serious saving with a High Yield Savings Account!

Savings Rates

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*Account will be closed and remaining funds transferred to Regular Share Savings if minimum balance drops below $5,000.

Share Certificates

If you’re in the market for a great savings product with a low minimum balance and flexible terms, then a Share Certificate may be the answer you’re looking for.

Put your money to work today with a Share Certificate and watch it grow!

Minimum balance $500
Terms from 6 months to 5 years
Automatic renewal within 10 days of maturity*
Dividends are paid at the end of every month and can be:
- - Compounded and withdrawn at maturity
  - Transferred monthly to a checking or savings account
  - Sent by check and automatically mailed monthly
Can be used as collateral for a loan

And…if you’re interested in getting your children or grandchildren on the right path to saving, our Youth Certificate is available for Youth 0 – 17. With a minimum balance requirement of only $100, the choice is easy and the rewards are great!

Share Certificate Rates

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*Penalty for early withdrawal

Christmas Club Savings

Christmas starts in January at Russell Country…or, any month of the year for that matter.

With a Christmas Club Savings, you’ll be prepared when the holidays roll around. The plastic will stay in your wallet and your holidays will be merry and bright!

No Minimum Opening Balance
Maximum Account Balance – $2,500
Account renews automatically each year
Balance plus dividends are transferred to Regular Share Savings on October 31st each year*

Savings Rates

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*Dividends will be forfeited if account funds are withdrawn prior to October 31.

WINcentive Savings

Want a savings account that rewards you for your good savings habits? Then, the WINcentive Savings is the account you’re looking for!

Open a WINcentive Savings and be eligible for a chance to win monthly, quarterly, and annual cash prizes!

Each time your monthly balance increases by at least $25, you earn an entry in the statewide drawings:

4 – $100 monthly cash prizes
2 – $500 quarterly cash prizes
1 – $250 quarterly cash prize
1 – $5000 annual cash prize
1 – $2500 annual cash prize
1 – $1000 annual cash prize

The maximum allowed entries per month is 4, but you can deposit as much as you want.

And, to sweeten the pot, Russell Country has it’s own $250 quarterly drawing How sweet is that?

Join the fun and open your WINcentive Account today!

Savings Rates

*Must be 18 to participate. Minimum opening deposit – $5. Maximum 4 entries per month. Need not be present to win. Early withdrawal penalties apply.

IRAs

Start saving for your future now with a Russell Country Individual Retirement Account (IRA).

Whether you choose a Traditional IRA or a Roth IRA, you’ll enjoy some of the same great benefits.

Competitive Rates
Potential Tax Advantages
No Annual Maintenance Fee

And, you can choose to keep your money growing in an IRA Savings Account or an IRA Share Certificate. The choice is yours. The key is to just start saving!

IRA Rates

Retirement Calculator

Traditional and Roth IRA Comparison Chart

For more information about Traditional and Roth IRAs click here