Any of the variable rate savings programs may be tailored to suit your personal circumstances.We offer a variety of ways for Valley 1st members to save for schooling, vacation, large purchases or personal endeavors. Deposits may be made by mail, Automated Clearing House (ACH), in person or through payroll deduction. Withdrawal requests may be made in person at the office, by phone, e-mail (jritter@valley1st.org), or by Audio Response (Valley 1^st Talk).

SHARE ACCOUNTS:

Share Account
Christmas Club
Individual Retirement Accounts (IRA’s)
Share Certificate Account
Share Draft (Checking) Account
Money Market Account

Share Account:
Establishes credit union membership. The minimum balance is $5.00. Dividends are earned using an average daily balance and are compounded and posted monthly. (Federal regulations prohibit the payment of dividends in excess of available earnings.)

Christmas Club:
A share account designed for holiday savings. Enjoy the convenience of saving for holiday expenditures through payroll deduction or make deposits by mail or in person. Dividends are earned on accounts with an average daily balance of $5.00 or more and are compounded and posted quarterly. Disbursements checks are issued after the third quarter dividend posting. There is no penalty for early withdrawal; however, the account must be closed which results in the loss of any non-posted dividends. Closed accounts may be re-opened after October 1^st of the year in which they were closed.

Individual Retirement Accounts (IRA’s):
Regular IRA, Roth IRA and Educational IRA share accounts as well as higher one-year, two-year, three-year and five-year IRA share certificates are available. There is a minimum deposit of $500.00 to purchase an IRA certificate. Most members can defer their taxes on IRA dividends and some may be eligible for a tax deduction on IRA contributions. Penalties are charged for withdrawals before age 59½. (See separate disclosure for full details.)

Share Certificate Accounts:
Certificate accounts are offered for members who are looking for a higher rate of return on their investments. Members may choose from 6-month, one-year, two-year, three-year and five-year certificates. Certificates and Rates on new certificates are adjusted weekly. Dividends on certificates are credited monthly to either the members share account or to the certificate account. A minimum deposit of $1,000.00 is required to purchase a certificate.

Share Draft (Checking) Account:
Members are increasingly discovering the credit union difference through the credit union’s share draft accounts. There are no fees and members are paid monthly dividends on deposits above $100.00. Members may also choose the debit card as another way to access funds in their share draft account.

Money Market Account:
If you want high-interest saving and flexible, fixed term investing, our new Money Market Account is a good choice for you. This safe, federally insured, option offers the best of both savings accounts and fixed term investments by paying the high interest rates of fixed term investments, while allowing you to withdraw money, as you need it.

With $5,000, you can open a Money Market Account allowing you earn increasing levels of dividend returns for greater amounts of investment. Dividends are calculated based on the average daily balance and are credited quarterly.

To access your funds, simply transfer the desired amount to your credit union Share or Share Draft/Checking Account to withdraw as you need it . And once you have opened a Money Market Fund, there are no fixed terms, no minimum deposit requirements, and no penalties.