Savings
The foundation of your SVFCU account is the Share Savings. The initial $5 deposit is your first 'share' or part ownership of the Credit Union. From there you can choose and customize additional services from an array of available sub-accounts, all with convenient access to your funds.
See the Disclosure of Account TermsOpens in New Window for additional details.
Share Savings
Your primary Share Savings account at Susquehanna Valley Federal Credit Union is the foundation of your membership. Beginning here, you can build and extend your network of services to include everything you need to organize your financial life. We encourage direct deposit and can lend a hand by automatically dispersing each paycheck into the various segments of your account.
The minimum balance for your Primary Savings is $5. Dividends accrue on Savings balances over $100; there are no maintenance or annual fees. See the Disclosure of Account Terms for full details.
Club Accounts
Set aside money in preparation for periodic expenses and short term goals with Club Accounts. These special purpose sub-accounts work under your primary share savings account. There is no minimum balance and you can deposit or withdraw anytime, at your own pace. Club accounts earn dividends at the same rate as primary Savings, credited monthly on the average daily balance. If you like, set up optional direct deposit from your paycheck to fund your Club accounts.
Savings
Effective Jun 1, 2023| Account | Min Balance* | Rate | APY** |
|---|---|---|---|
| Share Savings | $5 | 0.05% | 0.05% |
| Club Accounts | $0*** | 0.05% | 0.05% |
*Minimum balance required to open account.
**APY=Annual Percentage Yield. Dividends are paid on the last day of each month.
***All club accounts except Christmas Club accounts require a $100 minimum balance to earn dividends.
Money Market Accounts
Often thought of as a hybrid between Savings and Checking, SVFCU Money Market accounts earn higher dividends than the primary Savings, with the convenience of check writing ability. With a Money Market account you can make up to six withdrawals per calendar month (in cash, by check or by transfer). This six withdrawal limit is in accordance with federal regulations. The minimum balance for this sub-account is $2,500.
The Money Market is a tiered account, so the more you save, the higher your earnings will be. There is no withdrawal fee. Your money is safe and sound, protected by NCUA share insurance, which covers your account to at least $250,000 at no cost to you. See the Disclosure of Account Terms for full details.
Money Markets
Effective Jun 1, 2023| Min Balance* | Rate | APY** |
|---|---|---|
| $2,500 - $4,999*** | 0.15% | 0.15% |
| $5,000 - $49,999 | 0.20% | 0.20% |
| $50,000+ | 0.25% | 0.25% |
**APY=Annual Percentage Yield
***$10 Monthly Fee if balance falls below minimum balance required; fees could reduce the earnings on this account.
Looking for a tax-beneficial account?
SVFCU offers Individual Retirement Accounts (IRAs), Coverdell Education Savings Accounts (ESAs)Opens in New Window and Health Savings Accounts (HSAs) too. Open yours today!Opens in New Window
Your savings are insured
Share Accounts at Susquehanna Valley FCU are insured to at least $250,000 by the Federal Government through the National Credit Union Administration (NCUA), which receives the highest ranking from deposit insurance experts as the healthiest of the federal insurance funds.
