Products / Savings Accounts
Basic Share Savings Account
Required for membership
$5 minimum balance
$100 balance earns dividends
ATM card
Unlimited surcharge free CU$ ATM visits
No withdrawal fees
Can be used to cover overdrafting from Penn State Federal checking accounts
Special Share Savings Account
No minimum balance requirements
$100 balance earns dividends
No withdrawal fee
SmartStart Share Account
SmartStart Accounts have fixed terms up to 30+ months
Interest rate is variable
$100 minimum balance & opening deposit
$100 balance earns dividends
Minimum monthly deposit requirement of $10
Early withdrawal fee
Money Market Share Account
$1500 opening deposit
Tiered dividend account (see rates page)
6 transactions per month
150 free checks
Unlimited FREE Penn State Federal teller visits
No charge check writing ability
Matrimoney Savings Account - NEW!
Interested-bearing savings account where wedding guests can contribute money
No minimum balance or opening deposit
$100 balance earns dividends
Anytime terms
No withdrawal fee
MatriMoney Registry Announcements included - for your invitations
Statement includes a list of all those who contributed so you can send Thank You notes
Guests can stop in or mail in their gift to your MatriMoney account
Vacation Club Account
No minimum balance or opening deposit
$100 balance earns dividends
Anytime terms
No withdrawal fee
Holiday Club Account
No minimum balance or opening deposit
$100 balance earns dividends
October-to-October terms
Balance is transferred to Basic Share Savings on September 30
Early withdrawal fee
*Other financial institution ATM fees may apply.
Share saving accounts are considered non-transactional and therefore the number of automatic, preauthorized & telephone transfers are restricted by Regulation D to six (6) per month.
Notice of changes in temporary NCUA Insurance Coverage for Transaction Accounts.
All funds in a “noninterest-bearing transaction account” are insured in full by the National Credit Union Administration (NCUA) through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA’s general share insurance rules.
The term “noninterest-bearing transaction account” includes a traditional share draft account (or demand deposit account) on which the insured Credit Union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (“NOW”) account, money-market deposit account, and Interest on Lawyers Trust Account (“IOLTA), even if share drafts may be drawn on the account.
For more information about temporary NCUA Insurance Coverage of Transaction Accounts visit www.ncua.gov.
