This is your required membership share savings account, it offers tiered dividend rates. Members earn higher dividends based on the account balance. Minimum required balance is $5, dividend earnings begin with a balance of $100. Rates are compounded and credited monthly.
At Interfaith FCU we believe in saving with a purpose towards a meaningful future. If your plans include a mission trip, attending a conference, furthering your education, or going to camp, we are here to support your journey. Purpose Savings provides the opportunity to earn up to $150 in matching funds towards your Purpose Savings goal.
Minimum balance for the Money Market Multiplier is $2,000. Tiered dividend rates are based on your balance and are compounded and credited monthly. Write up to three checks per month and make three transfers per month. You may make transfers from other IFCU accounts using e-Branch Internet Banking, our automated phone line, automatic transfer or by calling a Interfaith Federal Credit Union Branch. A $15 fee will apply to minimum balances below $2,000 or if more than six transactions occur during any one month period.
This account is designed for young people aged 17 and under. It can be a great start to teaching the importance of financial responsibility. Opening an account requires just a $5 initial deposit, which also serves as the minimum balance that must be maintained. There is no new member fee. The Xtreme Savers account earns a higher dividend rate than our regular member share savings and dividends are paid monthly. Parents and grandparents often open these accounts, then set up an automatic deposit to steadily build a savings future for the important children in their lives. At age 18, the account automatically converts to a regular member share savings.
*APY=Annual percentage yield. Xtreme Savers account will earn 5.00% APY on the first $5,000; funds beyond this amount will earn the regular dividend rate for membership share savings. Rates effective June 1, 2025 and subject to change without notice.
Member accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA).
