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Share Savings
Savings
Save Money Today for a Better Tomorrow.
Our goal is to promote the well-being of our members. Having money saved for sudden needs is a critical part of financial wellness. That’s why every membership starts with a Share Savings account. For those worried about paying bills and paying down debt, saving money may not seem like a priority. That’s why FECA has several Share Saving Account options to make saving easy.
Not Sure Why You Should Start Saving?
Save for big purchases. Major life milestones like a down payment on a house or car are expensive.
Emergency Fund. Life throws curveballs. Be prepared to cover expenses you didn’t expect.
Medical expenses. The high cost of a hospital stay can severely impact your finances, especially unplanned visits.
Build a college fund. The cost of education is expensive.
Money Security. Hiding money under your mattress won’t protect it from theft or fires.
Easy access. Get easy access to your savings while you’re building it.
Teach your children to save. Families tend to save more if every member is working toward a goal.
A simple way to save. While interest from a savings account won’t get you rich quickly, it’s a steady and reliable way to invest your money.
Need Advice on the Best Ways to Start Saving?
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No matter why you’re saving, the FECA Credit Counselor can help you map a plan for your financial journey.
It’s time to start saving!
Use these tools to start saving today.
The information in the rate table below may not fully be viewable on certain smaller resolution devices. Rotate your device to landscape orientation to ensure you are viewing the entire table contents and/or swipe left and right. In special situations a desktop may be necessary to view the rates and terms in their entirety.
Rates Updated: Sept. 19, 2024
Rates are subject to change without notice
| Share Savings Account | |
|---|---|
| Balance | Annual Percentage Yield |
| $500 - $999.99 | 0.01% |
| $1,000 - $2,999.99 | 0.03% |
| $3,000.00 and up | 0.05% |
