Black Friday. Cyber Monday. Shop Small Business Saturday. Giving Tuesday. Christmas. Hanukkah. Kwanzaa. How’s your budget? Allow us to flip the script from spending to saving.
Now’s the perfect time to start saving for next year’s holidays. Put a Holiday Club account at the top of your list. You may be thinking, I’ve spent it all, I have nothing to save. That’s the beauty of the Holiday Club account. There’s no minimum balance and no maintenance fees. Making small, automatic deposits from your paycheck or Credit Union Checking account will help you create a nice balance for next year’s holiday expenses. Your savings earn a festive 2.00% APY*, and the funds are disbursed free in November 2025, just in time for holiday shopping.
Think short- and long-term in the new year. Our Limited Time 3- and 6-Month Certificates earn 4.25% APY**. If you can spare a little more time, open a No Penalty 9-Month Certificate. You’ll get 4.50% APY† and have the flexibility to make one penalty-free withdrawal per calendar month after the first 30 days of funding the account. For our highest yield go long, with our Variable Rate Certificate. You’ll pocket 5.00% APY††. This account is based on the financial markets, so if interest rates rise over its 36-month term, so will your yield. If they drop, you’ll still probably earn more than a traditional fixed-rate investment.
Get your kids in the savings habit. Our Youth Accounts help teach financial responsibility and lay the foundation for a lifetime of fiscal responsibility. These age-appropriate Savings, Checking, and Certificate accounts are free and come with fun, informative newsletters and websites, plus competitions and prizes. They’ll get to do their own budgeting and learn about responsible use of money, like saving up for goals—valuable lessons that will last a lifetime.
One final thought.
As the holidays come to an end and we turn our sites to 2025, we hope you seize this opportunity to take a fresh look at your budget and find ways to give yourself the gift of savings. Our many Savings, Checking, and Certificate accounts are a great way to start. Opening an account on our website, in Tulee, or by visiting one of our branches is easy. Or give us a call at 800.877.2345. We hope your holidays are wonderful and your new year is filled with health, love, and prosperity.
Remember that our branches will be closed on New Year’s Day, Wednesday, January 1, 2025. You can access your accounts by signing into Tulee 24/7.
*APY = Annual Percentage Yield. APY is the annualized rate based on a compounding period of one year. When the deposited money earns dividends and the accumulated dividends starts earning dividends as well, we are talking about compounding. Fees could reduce the earnings on an account. All yields except Certificate yields are subject to change retroactively to the beginning of the month.
**APR = Annual Percentage Rate. APR is the annual rate of interest that is paid on an investment, without taking into account the compounding interest within that year. Rates are subject to change at any time. Not available for IRA certificates
APY = Annual Percentage Yield. Rates current as of October 01, 2024. APY is the annualized rate based on a compounding period of one year. When the deposited money earns interest and the accumulated interest starts earning interest as well, we are talking about compounding. All rates except certificate rates are subject to change retroactively to the beginning of the month, as determined at the monthly Board of Directors meeting. Certificate rates subject to change at any time and are subject to substantial penalties for early withdrawal. Extra bonus rates apply only to certificate accounts. Direct Deposit (DDEP) Bonus For Regular Terms Share Certificates 36 months and longer & IRA Certificates 36 months and longer: Certificate account holders can get an additional 0.25% if they have DDEP going into their FIGFCU Checking Account (either High Yield or CashBack) in the amount of $1,000.00 or more monthly in the amount of $1,000.00 or more monthly (Members paid bi-monthly can have DDEP deposits of $500 each to reach the $1,000 monthly minimum). Rate bonus will be applied upfront after account opening. If a qualifying DDEP cannot be verified at time of account opening, the first succeeding DDEP must be received within a maximum of 60 days from the date that the promotional account is opened. If a member has direct deposit under a different account number than the account that is being used to open the new certificate, he/she can still qualify for the 0.25% bonus. If DDEP has not been received within the 60-day timeline the bonus will be forfeited, the rate will be reduced by 0.25%, and future earnings will be at the reduced rate. DDEP must be maintained for this bonus, and the bonus can be forfeited if DDEP is cancelled or falls below qualifying threshold during the term of the certificate. There will be no Rate Bonus on current certificates, however bonus can be added at time of renewal and during the grace period.
†Limited Time Offer No Penalty 9-Month Certificate Account / Yields are subject to change without notice. This is a promotional yield of 4.50% APY. Bonus Dividend may not be combined with any other dividend increase/bonus. Annual Percentage Yield (APY) is calculated on a 4.60% base rate, $1,000.00 minimum balance, regular share certificate requirement on a 365 day basis. IRA share certificates do not qualify for this promotion. Deposit must be new funds to the Credit Union and may not be transferred or withdrawn and deposited back into the Credit Union from any existing Credit Union account. No additional deposits accepted (other than dividends) during certificate term. Normal substantial penalty for early withdrawal of certificate funds will be waived as follows: 1) No withdrawals within the first 30 days of setting up the certificate 2) One withdrawal allowed per calendar month after the initial 30 days no withdrawal. Fees and other conditions may reduce earnings. The 9-Month promotional No Penalty Certificate will automatically roll over to a 9-Month Certificate at maturity. Federal regulations require dividends be paid from available earnings; dividends are contingent upon this regulation. Refer to our TISA Disclosure for terms and conditions. *APY = Annual Percentage Yield. Rates and terms are subject to change at any time. Fees could reduce the earnings on an account. No Additional deposits are allowed. No withdrawals prior to maturity date subject to terms; penalties will be waived after the first 30 days.
††APY = Annual Percentage Yield. APY is the annualized rate based on a compounding period of one year. When the deposited money earns dividends and the accumulated dividends starts earning dividends as well, we are talking about compounding. Fees could reduce the earnings on an account. All yields except Certificate yields are subject to change retroactively to the beginning of the month.
Variable Rate Certificate 36-Month Term (Variable Rate Certificate) No additional deposits accepted (other than dividends) during certificate term renewals. Fund your account with a minimum deposit of $1,000. Annual Percentage Yield (APY) rate is based on current Federal Funds Rate Upper Limit of 4.75% APY plus a 0.25% spread. Yield rate is 5.00% APY. Base rate is 4.89% APR. Rates are subject to change on the first day of each calendar month following account opening. No bonus dividends (no jumbo bonus and no DDEP bonus). At maturity, account renews into the same product: Variable Rate Certificate 36-Month Term renews into a Variable Rate Certificate 36-Month Term; Variable Rate IRA 36-Month Term renews into a Variable Rate IRA 36-Month Term. Early withdrawal penalties may be imposed and fees could reduce earnings and/or principal. APY interest rate will follow the Federal Funds Rate Upper Limit. Rates are subject to change on the first day of each calendar month following account opening. Rates are subject to change without notice. Rate may not be combined with any other rate increase/bonus. Regular share certificate requirement on a 365 day basis. IRAs qualify for Variable Rate Certificate. Minimum balance to obtain the available rates for Variable Rate Certificate 36-Month Term advertised annual percentage yield is $1,000. Fund your account with a minimum deposit of $1,000. Early withdrawal penalties may be imposed and fees could reduce earnings and/or principal. Refer to our TISA Disclosure for terms and conditions. Federal regulations require dividends be paid from available earnings; dividends are contingent upon this regulation.
