Penn State Federal Credit Union



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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.