When we say “shares,” we mean your very own piece of ownership of the credit union. When you open a savings account, you officially have yourself a share of SFFCU. And when you’re a “shareholder,” you’re free and clear to apply for our many other valuable products and services. This is our most basic savings account.
Saving up for something specific can be difficult when everything’s talked about in numbers, balances and deposits. That’s where Special Shares come in. Pick out what you’re saving for—travel, high-cost upcoming bills, a wedding—and we’ll help you meet your saving goals through automatic transfers and generous dividends.
For those with a little more seed money to start with, get super. A Super Shares account has a higher opening deposit requirement, but it offers the biggest opportunity to stockpile dividends, with six tiers of dividend-earning thresholds.
Invest a little, get a lot. If you’re after one of the highest possible interest-earning rates SFFCU has, you can invest your funds into a share certificate with a fixed-rate return over a designated period of time. You choose your term, and cash in when the clock runs out (or re-invest to maximize your dividends). Stop by a branch to open your certificate.
Post-holidays budget strains giving you tension headaches? The Christmas Club is a savings account made for you. Establish your shopping budget, pay into your account throughout the year and forego debt rage once January rolls around. Plus, you can earn dividends on your balance!
Now the money you have on deposit at Sioux Falls Federal Credit Union can do more than just earn a good yield – it can help you secure a low-rate loan, as well!
Ask about using any non-IRA savings or certificate account to secure a low-rate loan for any purpose. The money on deposit continues to earn a full dividend.
It’s an excellent way to establish or re-establish a credit history.
Because this type of loan poses little or no risk for the Credit Union, you will be offered some of the lowest rates available.
Imagine a “free checking” account that is legitimately free of unavoidable fees. That’s the benefit of banking with SFFCU.