Savings Accounts
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- One time membership fee of $0.25.
- Minimum balance on share accounts is $5.00.
- Withdrawals over six per quarter are subject to a $5.00 per transaction fee.
- Dividends are calculated on the average daily balance and paid quarterly.
- Your savings are federally insured to at least $250,000.00 and back by the full faith and credit of the United States Government.
- Regulation D - Click Here
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Applicant must be a member in good standing and must own and maintain a minimum in general shares in Pompano Beach Employee Credit Union.
If the agreement is signed by more than one person, joint owners may be the same as or different than those specified on the member’s primary share account. This will also permit the member’s primary share account to be jointly owned while the share draft account may be owned individually or vice versa.
- The member is expected to exercise extreme care in using the program
- The member is expected to maintain an accurate record of his or her transactions and to reconcile his or her statements in a timely manner, promptly reporting any discrepancies that might develop.
- Minimum opening and required balance is $2500.00.
- There is no monthly service charge.
- Three Withdrawals per month, after 15.00 per transaction.
Earnings on the money market account balance will be computed using the average daily balance of the account and posted quarterly. The board of directors determines the rate of earnings.
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- The Holiday Account will close on the first week of November: funds will be deposited to the members share savings account.
- All existing accounts will automatically restart for the following account period. Members must notify the Credit Union to stop or change dedcuctions.
- If a member closes their account before it matures there will be a service charge of $25.00 for early withdrawal.
- No partial withdrawals are allowed. Members can make extra deposit to the account.
- Dividends will be determined by the board.
- Your savings are federally insured to at least $250,000.00 and back by the full faith and credit of the United States Government.
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- Great way to save money at competitive higher rates of interest.
- Offer 6 months, 1year and 2 & 3 year.
- Dividends can be direct deposit to your account, or receive a check, or just add it to your certificate.
- Dividends are calculated on the average daily balance and paid quarterly.
- Your savings are federally insured to at least $250,000.00 and back by the full faith and credit of the United States Government.