Direct Deposit

Savings

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Basic Savings

A Basic Savings account is required to establish membership. Your initial minimum deposit of $5.00 represents your membership share and guarantees your right to vote. There is a minimum balance requirement of $50.00 to earn a dividend on this account.

Special Saving Accounts

We know that you may be saving for something special or an upcoming event and want to keep this money separate. We would be happy to open a special savings account and assist you in setting up an automatic transfer or deposit to this account. We even have the ability to change the name of the account to whatever you choose. There is a minimum balance requirement of $50.00 to earn a dividend on this account. Please contact our Financial Services Representative to assist you in setting up an account today.

Christmas Club Savings

Christmas Club Savings accounts were designed to assist members in saving ahead for one of the largest reoccurring annual expenses that we forget to budget. We allow members to open their Christmas Club Savings anytime during the year. During the first week in November your Christmas club balance is transferred to your Basic Savings account. There is a minimum balance requirement of $50.00 to earn a dividend on this account. To make the process easier, we encourage you to allocate part of your direct deposit to your Christmas club account each payday. To discourage withdrawals there is a nominal fee for each withdrawal you make from your Christmas club account.

Certificate of Deposit

A Certificate of Deposit account pays a higher interest rate for a predetermined length of time. With a minimum deposit of $1,000.00 you can choose a term of 6 months, 1, 2, or 3 years. If you need to withdraw from the Certificate before the maturity date there is an early withdrawal penalty charge. Dividends will not be compounded; you may elect to have dividends paid to you or to another account monthly, quarterly or at maturity. You may not make additions into the account until the maturity date stated on the account.

Please contact our Financial Services Representative if you are interested in purchasing a Certificate or if you have additional questions.

 

Savings Christmas Club Certificate of Deposit
Account
Description
Each member is required to open an S1 account to establish membership. Save a little each check and start enjoying the holiday season again. Maximize your earnings by opening a Certificate of Deposit Account. Terms from 6 months to 3 years.
Account
Coding- suffix
S1 S70 I3-I6-I12-I18-I24-I36
Secondary Savings S10 - S20    
Minimum to
open
$5.00 $5.00 $1000.00
Minimum balance
to earn dividends
$50.00
$50.00 $1000.00
  You must maintain an average daily balance of $50.00 for the quarter to earn dividends  
Dividends
Compounding Crediting
Quarterly Quarterly N/A
Transaction Limitations Limit 6 withdrawals or transfers per month Early withdrawal penalty charged for each withdrawal before maturity.

No additions till maturity, and early withdraw penalty.


How do I open an Account?

We require all accounts to be opened face-to-face. We will be happy to e-mail you all of the forms needed and you can simply bring them back in person. If you need forms or additional information, please contact a Financial Services Representative today.

Notice:
The US Patriot Act requires all Financial Institutions to obtain, verify, and record information that identifies each person who opens an account. Our policy is to open all accounts face to face and we require a valid Louisiana Drivers License and at least one other valid form of identification.


We will grant conditional membership, Basic Savings only, until inquires with any consumer reporting agency are completed. If Capital City Press Federal Credit Union is unable to satisfactorily resolve any identification discrepancies your account will be closed.