Savings Accounts
Statement Savings and Super Saver Accounts
FMFCU’s Statement Savings and Super Saver Savings Accounts offer everyone a way to start saving. These accounts are “share accounts” and represent each member’s piece of ownership in FMFCU. To establish membership, one of these savings accounts are required.
About Statement Savings and Super Saver Accounts- No minimum balance or monthly service fees
- Competitive rates, including split rate tiers on Super Saver
- Dividends are compounded and posted monthly
POWER Savings Account
FMFCU’s POWER Savings Account is a great way to get more out of your money. This savings account offers a high-yielding interest rate, free unlimited deposits, one free monthly withdrawal, and easy access to your money!
About POWER Savings Account- High-Yielding
- $10,000 Minimum Daily Balance
- Free Unlimited Deposits
- One Free Monthly Withdrawal*
- Easy Access to Your Money!
*$25 fee for each additional monthly withdrawal
Money Market Accounts
FMFCU’s Money Market Account offers tiered dividend rates. Variable yields are higher than traditional savings accounts and require no time commitment. Funds are liquid and can be accessed at anytime.
About Money Market Accounts- Tiered dividend rates
- Dividends are compounded daily and posted monthly
- Unlimited transactions
- Access via our free Online Banking and Telephone Banking
- Check writing ability
- No monthly fee if minimum balance of $1,000 is maintained*
*There is a $10 monthly fee if the average monthly balance falls below $1,000.
e-Club Accounts
FMFCU is pleased to offer Holidayeclub and Vacationeclub accounts to save throughout the year for the holidays or a vacation. Decide how much to save and then set up a direct deposit or transfer into your club account. All accounts feature competitive rates and no monthly fees!
Traditional Holiday and Vacation Club accounts are also available.
About e-Club Accounts
Holiday e-Club Accounts
- Earn a great yield up to $2,500 in savings
- Only offered through electronic deposit (payroll deduction, direct deposit, Online Banking, PAT)
- Year round deposits with withdrawals made between October 1 and December 31 each year
Vacation e-Club Accounts
- Earn a great yield up to $2,500 in savings
- Only offered through electronic deposit (payroll deduction, direct deposit, Online Banking, PAT)
- Year round deposits and withdrawals
Cub Accounts
The Berenstain Bears Financial Literacy Program Cub Account is available at Franklin Mint Federal Credit Union! We are excited about our exclusive partnership with the creators of The Berenstain Bears. By teaming up with the popular children’s characters we can teach concepts of Save, Share, Spend, and Earn.
About Cub Accountshttps://www.youtube.com/watch?v=tHKb3LTic1s&feature=youtu.be
Custodial Savings Accounts
It is never too early to teach children the importance of savings. An FMFCU Custodial Savings Account is the perfect tool to educate children on financial responsibility, while you control the funds.
About Custodial Savings AccountsHere is how it works:
The child is the account owner, but a parent, grandparent or other adult (18 years and older) is named as custodian and controls the account until the child is 21 years old. While the child can make deposits to the account, only the custodian can make withdrawals.
- No minimum balance or monthly service fees
- Competitive rates
- Certificate accounts available
Coverdell Education Savings Accounts
Save for a college education? The Coverdell Education Savings Account is a nondeductible account that features tax-free withdrawals to pay for education expenses from primary school through graduate school.
About Coverdell Education Savings AccountsThis account offers:
- Tax-free earnings
- $2,000 annual contribution limit per child
- Penalty-free withdrawals for qualified education expenses
- Variable rate accounts with low minimum balance requirements
- Certificates with terms from 3 months to 10 years