Every credit union member has a Share Savings account with a minimum maintained balance of $5. Members under the age of 18 will have a Xtreme Savers Account as their membership share savings, which will convert to a regular Membership Share Savings Account upon turning age 18.
This is a required membership share savings account for individuals age 18 and older, 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.
This account is designed for young people up to 18 years of age. 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.
At Interfaith FCU we believe in saving with a purpose towards a meaningful future. If your plans include going to camp, a special mission trip, attending a conference, furthering your education, or another dream, your credit union is here to support your journey. Purpose Savings provides the opportunity to earn up to $150 in matching funds towards your Purpose Savings goal. Individuals 18 and older are eligible for a one-time savings match. Those aged 14-17 can qualify for an annual match up to 4 times.
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Member accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA).
