High Yield Savings

High Earning Savings | Lower and Few Fees

Saving up money for today, or tomorrow - it's the single most common reason for becoming a Member of Community First. And it's a good reason.

• We offer better rates than the banks.
• We’re a not-for-profit, which means we return profits to YOU - and not to stockholders or for an executive to buy his third beach house.
• We have a variety of savings programs because people are, well, different. They might be at different life stages or have different wants, needs or dreams.

Scroll through our deposit accounts, and check out the benefits and conveniences that come with Community First Membership. Come into your closest branch or give us a ring, and we'll help you get started!

• Prime Share Savings

  Start your Membership with a LOCAL Saver Account!

  Our LOCAL Saver gives you access to a FREE nat'l network of 30,000+ ATMs.

  Save a little or save a lot - no minimum balance required!

  View our account rates here.

   

• YouthSaver

  At Community First, we want to instill the good habit of saving in LOCAL residents who are 0 years of age, and not yet 18 years.

  The big banks will reward you with .01% (Annual Percentage Yield) in a savings account. Let's do the math: save $500, earn five cents a year. Stoked? You will probably find more money walking home from school tomorrow.

  Let's do our math: save $500, earn as much as 7.07% (APY)*, which is $35.35 a year. Stoked? We all are.

  *When coupled with an adult Local Advantage PLUS account.  Read more here.

  View our account rates here.

• Get-Away/Holiday Fund

  The Fun Part of Savings!

  Set up a special account for the getaway vacation of a lifetime, or a holiday season spent with family & friends! You can use automatic payroll deduction through your employer, or make other regular deposits to save painlessly!

  • $100 minimum balance to open/maintain
  • Dividends paid monthly
  • No monthly service fee
  • Open with no balance if you already have another CFCU savings account.
  • Payroll deduction is an effortless, systematic way to save.
  • The money you accumulate is available by check or transfer in mid-May and mid-November, allowing plenty of time to travel or purchase the perfect gifts.

   

  View our account rates here.

• Certificates of Deposit

  Perhaps the safest, decent-yielding investment on the planet!

  Gyrations of the stock market (and housing market for that matter) causing you some indigestion? A certificate account is just what the money-doctor would recommend.

  Certificates give you a higher return than a savings account because your money is squirreled away for a term that YOU determine – 6 to 60 months. (Hey, you can always get the money – it's your money! – but a portion of the dividend could be lost, along with some penalties.) But because you have determined the money is more than likely to stay a while, we give you a guaranteed better return on your money. You win, and the credit union (of which you are part-owner) wins.

  • $1,000 minimum
  • Terms from 6 to 60 months
  • APYs (Annual Percentage Yields) that are among the highest in the business

   

  View our account rates here.

• IRA

  We've got IRAs as individual as you are.

  An Individual Retirement Account provides for your future needs while also offering tax savings.

  ---

  Traditional IRA

  An account that allows you to defer taxes on your earnings until those earnings are withdrawn. Additionally, certain contributions may be tax deductible in the year they are made. Double savings.

  ---

  Roth IRA

  Features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are non-deductible and taxed when they are earned, Members who expect to be in higher tax bracket when they retire may benefit more from a Roth than a traditional IRA. Also, unlike a traditional IRA, there is no requirement to begin taking distribution at age 70½.

  • Establish an IRA account using any of CFCU's savings or certificate programs
  • Minimum of $100 required to begin an IRA account
  • Contribute via "lump sums" or by regular deposits
  • Dividends paid monthly

  • Annual maintenance fee only $5.

   

  Here is what the IRS has to say about Traditional and Roth IRAs: https://www.irs.gov/retirement-plans/traditional-and-roth-iras

  View our account rates here.

   

  As always, consult your tax advisor for what's best for your unique circumstances.

• Money Market

  Great rate and complete account access!

  If you want to earn a great rate but still access your account at any time - without having to worry about early withdrawal penalties - a Money Market account is the way to go!

  • Four different balance tiers available
  • Annual percentage yield fluctuates automatically as your balance grows
  • Higher account balance = higher rewards!
  • Minimum balance - $100

  Business Money Market also available - contact us for more information.

  View our account rates here.