| 
|
Team
One wants to make saving for your future or unexpected events
easy and painless. A Savings Program doesn’t have to
be difficult to start or to afford. Saving as little as $5
a week can really add up over time and will leave you better
prepared for future needs including:
• Education
• Retirement
• Vacations & Holidays
• Unexpected Events
• Emergencies
Did you know that you could use our Direct Deposit or Automatic
Transfer programs to grow your savings? It’s simple…transfer
as little as $5 a week to a special savings account and watch
your money grow.
Current
Dividends
|
|
Regular Savings
Minimum $5 balance
Dividends compounded and paid monthly
Can be pledged as collateral on loans
Current
Dividends
"Your Savings" Account
This account was designed with you in mind. You determine the
reason and the name for this Savings Account. No matter what you
call it, it provides the competitive rates to make your goals
realities. Balance of $1,000 or more earns higher dividends than
regular savings
Two withdrawals per calendar year
Option of opening two "Your Savings" Accounts
Unlimited deposits (no minimum)
Excess withdrawal penalty of $10
Current
Dividends
Health Savings Account (HSA)
A Health Savings Account is a savings account designed
to help you save money for paying out-of-pocket medical expenses
over and above what high-deductive health plan (HDHP) insurance
pays. In order to open a Health Savings Account you
must be participating in a health plan with a high-deductible,
and you cannot be covered by a plan that has a deductible lower
than the eligible amount.
What are the HDHP Qualification Amounts?
Minimum deductibles for insurance
-$1,100 for individual coverage
-$2,200 for family coverage
Maximum out-of-pocket
-$5,500 for individual coverage
-$11,000 for family coverage
What are the benefits of a HSA?
Save money for health care costs tax-free
It's portable- HSAs can travel with you from job to job, all the
money is yours
It is not a "use it or lose it" account, if you don't
use all the funds the money just stays in the account and
earns interest until you use it
Interest and dividends are tax free if used for qualified
medical expenses
What are the maximum contribution amounts?
Maximum contributions per year for 2007
-$2,850 for individual coverage
-$5,650 for family coverage
Catch-up provisions of $800 are allowed per eligible account for people
age 55 years or older. Deposits can be made from January 1, 2007 until
April 15, 2008.
To learn more about Health Savings Accounts, please
call, visit or email us at talk2us@teamonecu.org.
Current
Dividends
"Save the Change" Account
Do you have a change jar or piggy bank at home that you throw your
loose change into? After a while the change really adds up. Imagine
how much you could save by taking the change from your checks and
depositing it into your account. We've made it easy for you with
our "Save the Change" Account.
Deposit the extra change from your checks (payroll, personal, social
security, pension, etc.) directly into a special "Save the
Change" Account and watch your money grow. You won't even
miss those few extra pennies.
Click here, call or
stop by to open yours today.
Kids Club
For kids age 12 and under
Teaches children to save
Student-run credit unions at various elementary schools
Teen $ense
For youths age 13-17
Savings, Checking Accounts, Loans and ATM cards available
Teaches youth methods of money management
Student-run credit unions at various middle schools and high schools
Current
Dividends
Christmas/Vacation Club Accounts
Open anytime of the year
Savings disbursement in October for Christmas, May for Vacation
Use payroll deduction and never miss a deposit!
No minimum balance
No penalty for early withdrawal
|
