When you become a member of the credit union a savings account is opened in your name. An initial deposit of $5 is required. All members must maintain a $5 balance in their savings account to remain a member, and demonstrate regular activity in their account to keep it open.

Other features of Regular Savings include:

• A competitive interest rate paid quarterly on the average daily balance in your savings account. Click here for current rate information.
• Withdrawals: Members may make up to twelve savings withdrawals per year free of charge for accounts with average daily balances over $100.01. After twelve withdrawals in one year a $2 charge per excessive withdrawal is applied.
• Quarterly statements by mail.
• Payroll deduction: You may have deposits to your savings account deducted directly from your paycheck.

If you have any other questions about regular savings accounts at First Reliance FCU, contact us. Click here for the savings calculator.