Savings Accounts
Get ready for your future
Whether you’re looking to open up your first savings account, an additional account to save up for the holidays, or invest in the future with a certificate, Premier Source Federal Credit Union can help. Our variety of savings accounts will work to fit anyone’s saving needs.
Share Savings, Special Savings, Holiday & Vacation Club Accounts Rates and Terms
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Share Savings
A Share Savings Account is part of every Member’s ownership in PSFCU. Once you have a share savings account, you can open a checking account or start preparing for retirement with an IRA Account.
Dividend Rate: 0.05%
APY*: 0.05%
Minimum Balance to open and Earn Dividend $25.00
Special Savings
Whether you’re saving for college tuition, a dream wedding, annual insurance premiums or just a fun fund, open a Special Savings account and call it whatever you want. The possibilities are endless!
Dividend Rate: 0.05%
APY*: 0.05%
Minimum Balance to open and Earn Dividend $0.00
Holiday Club
Don’t let holiday expenses sneak up on you! A Holiday Club Account is the perfect way to plan, save and be prepared. We will automatically transfer your Holiday Club Account balance to your Share Savings Account around October 1st – just in time for seasonal shopping and activities!
Dividend Rate: 0.05%
APY*: 0.05%
Minimum Balance to open and Earn Dividend $0.00
Kasasa® Saver
Vacation Club
Dividend Rate: 0.05%
APY*: 0.05%
Minimum Balance to open and Earn Dividend $0.00
Traditional IRA and Roth IRAs
We offer both traditional and Roth IRAs. All members can afford a Traditional IRA or Roth IRA with Premier Source Federal Credit Union. Click here to learn more.
Coverdell Education Savings Account
Money Market Account Rates and Terms
Account Type | Dividend Rate | APY* | Minimum Balance to open and Earn Dividend |
---|---|---|---|
Money Market $2,500 – $24,999 | 0.10% | 0.10% | $2,500.00 |
Money Market $25,000 – $49,999 | 0.15% | 0.15% | $25,000.00 |
Money Market $50,000 – $99,999 | 0.15% | 0.15% | $50,000.00 |
Money Market $100,000 and up | 0.20% | 0.20% | $100,000.00 |
If minimum balance drops below $2,500.00 the dividend rate will be equal to the regular share account rate.
Rates are effective April 1, 2022. All rates are subject to change without notice.
Share Certificate Rates and Terms
Account Type | Dividend Rate | APY* | Minimum Balance to open and Earn Dividend |
---|---|---|---|
6-month | 0.10% | 0.10% | $1,000.00 |
12-month | 0.10% | 0.10% | $1,000.00 |
18-month | 0.20% | 0.20% | $1,000.00 |
24-month | 0.25% | 0.25% | $1,000.00 |
36-month | 0.35% | 0.35% | $1,000.00 |
48-month | 0.45% | 0.45% | $1,000.00 |
If minimum balance drops below $2,500.00 the dividend rate will be equal to the regular share account rate.
Rates are effective April 21, 2022. All rates are subject to change without notice.
Kasasa® Saver
Kasasa® Saver is saving simplified. It connects to your Kasasa® Cash or Kasasa® Cash Back checking to help you build your savings automatically. When you earn cash rewards in your Kasasa® checking, those earnings automatically transfer into your Kasasa® Saver. Kasasa® Saver also pays up a great dividend every month!
Benefits Include:
- Free account that builds your savings effortlessly
- Links to free Kasasa Cash® or Kasasa® Cash Back checking
- Automatic transfers of Kasasa Cash or Kasasa® Cash Back earnings
- 1.00% APY* on balances up to $10,000
- 0.32% to 1.00% APY on balances over $10,000 depending on balance in account*
- 0.01% APY* if qualifications are not met in Kasasa Cash or Kasasa Cash Back
- No minimum balance to earn rewards
- No monthly service fee
- Free online banking
- Free mobile banking
- Free e-Statements
- No minimum deposit to open
Kasasa Saver® Rewards & Qualifications
It’s easy to earn your rewards.
To earn your rewards, just do the following transactions and activities in your Kasasa Cash Back® account during each Monthly Qualification Cycle:
- Have at least 1 direct deposit OR 1 ACH transaction OR 1 bill payment post and settle to your account
- Have at least 12 debit card purchases post and settle to your account
- Be enrolled in and agree to receive e-Statements
And if you don’t meet these qualifications, don’t worry.
Your accounts are still free. Plus, you’ll still earn our base rate in Kasasa Saver®. And you can get right back to earning your full rewards the very next cycle that you qualify.
APY = Annual Percentage Yield. APYs accurate as of 07/01/2021**
Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our credit union as ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by our credit union. “Monthly Qualification Cycle” means a period beginning on the calendar 1st of the month of the current statement cycle through the last calendar end of the month of the current statement.
Reward Information: When your Kasasa Cash® or Kasasa Cash Back ® account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) by the fifth (5) business day of the next statement cycle: Kasasa Saver®: Balances up to $25,000 receive APY of 1.00%; and balances over $25,000 earn 0.25% dividend rate on the portion of balance over $25,000, resulting in a range from 0.32% to 1.00% APY depending on the account’s balance. Kasasa Cash®: Balances up to $10,000 receive a non-compounding APY* of 1.00%; and balances over $10,000 earn 0.25% dividend rate on the portion of balance over $10,000, resulting in a non-compounding range from 0.32% to 1.00% APY* depending on the account’s balance. Kasasa Cash Back®: 2.00% cash back on up to a total of $300.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $6.00 cash back may be earned per Monthly Qualification Cycle. When Kasasa Cash® or Cash Back qualifications are not met, Kasasa Saver®: All balances earn 0.01% APY. Kasasa Cash: All balances earn a non-compounding APY* of 0.01%. Kasasa Cash Back: No cash back payments are made. *When linked to the Kasasa Saver® account, the dividends earned within the Kasasa Cash® account do not compound since it is automatically transferred to the Kasasa Saver® account within one day. This automatic transfer may cause an overdraft to your Kasasa Cash® account if the account’s balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield. APYs accurate as of 07/01/2021. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.
Additional Information: Account approval, conditions, qualifications, limits, time frames, enrollments, log-ons and other requirements apply. No minimum deposit is required to open the account. Monthly receipt of electronic statements is a condition of these accounts. Enrollment in electronic services (e.g. online banking, electronic statements) and log-ons may be required to meet some of the account’s qualifications. Limit one (1) account per social security number/individual taxpayer identification number. A Kasasa Cash® or Cash Back account is required to have a Kasasa Saver® account. A linked Kasasa Saver® account is required for automatic savings. Contact one of our member service representatives for additional information, details, restrictions, fees, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa®, Kasasa Cash®, Kasasa Cash Back® and Kasasa Saver® are trademarks of Kasasa, Ltd., registered in the U.S.A.
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