Savings & CDs
Family First Savings Accounts
Ways to Save
Family First Certificates of Deposit (CDs) offer a risk-free investment vehicle with which to build your savings. Lock up your money with a competitive rate at the term that works for you. CDs are available for all account types.
Withdrawal restrictions apply.
Every spender needs a saver. That’s why we created the Companion Savings account—to help you balance smart spending with smarter saving!
Bundle it with a Debit Reward$ or Pinnacle Plu$ checking account to unlock 5.00% APY* on Companion Savings balances up to $10,000 while enjoying cash back or dividends on your everyday purchases and checking balances. Spend confidently, save effortlessly.
The Coverdell Educational Savings Account (ESA) allows you to save for your children’s future educational expenses. These accounts can be set up for anyone under the age of 18 and the funds saved in an ESA can be used for elementary, secondary or post-secondary education expenses.
With a Coverdell ESA, you can make annual after-tax contributions for a designated beneficiary. Although the contributions are non-deductible, the account will continue to grow tax-free. Qualified withdrawals are tax-free.
ANNUAL CONTRIBUTIONS
- The maximum annual contribution is $2,000 for the designated beneficiary
- Contributions can be made until the designated beneficiary turns 18 years of age
- Funds may come from multiple parties (parents, grandparents, etc.)
- The account is in the name of the designated beneficiary
- Funds can be rolled over to a designated family member under the age of 30 if not used by the original named beneficiary
- Earnings are taxed if funds are used for non-qualified educational expense
DISTRIBUTIONS
- Distributions are allowed for qualified expenses, such as:
- Tuition
- Academic Tutoring
- Books
- Room & Board (and supplies)
- Qualified schools include:
- Colleges &. Universities
- Vocational Schools
- Elementary & Secondary Schools (K-12)
- May be public, private, or religious schools
Want more control over your medical expenses? Have you recently had to change to a High Deductible Health Plan (HDHP)? Consider a Family First Health Savings Account (HSA) to help you save for future medical expenses. An HSA is a no-fee, tax-exempt account established exclusively for the purpose of paying medical expenses when you have a High Deductible Health Plan.
Use your HSA to pay for qualified health expenses, then easily track your spending online with our free online and mobile banking services. Take advantage of:
- No maintenance fees
- No minimum balances
- Free Tap-to-Pay HSA Debit Card
- Total control of your HSA funds
A Holiday Club account is an easy and convenient way to save for your holiday shopping. By making small consistent deposits into your Holiday Club, you can get everything you need with the peace of mind that you have saved enough money when it comes time to go holiday shopping.
HOW DOES IT WORK?
On the final day of September, the balance you’ve acquired in your Holiday Club will be automatically transferred to your savings account. Just in time to start your holiday shopping!
Our MoneyBuilder is a savings account with tiered interest rates based on your balance. The more you save, the more you earn in dividends! This account is a great way to earn higher rates on your savings without locking them up for any length of time. Plus, there is no minimum opening balance.
Withdrawal restrictions apply.
The Money Market Gold is the perfect fit for members who maintain a higher balance and want to receive higher dividends, but don’t want to commit the funds to a fixed term with a CD.
The minimum balance to open and earn dividends on a Money Market Gold Account is $10,000. As you continue to save you will automatically be moved up in the tiers and earn higher dividends.
Withdrawal restrictions apply.
Feel more secure about your financial future with a Family First Individual Retirement Account (IRA). With our flexible retirement plans, you can maximize your savings with no maintenance fees or commission costs. Plus, your retirement funds at Family First are not subject to market fluctuations, and are insured up to $250,000 by the NCUA.
We offer several types of IRAs, including:
- Roth IRAs
- Traditional IRAs
- Roth Conversions
- Simple IRAs
- SEP IRAs
- Coverdell ESAs
Family First Youth Accounts are designed to teach and encourage our younger members about the advantages of saving so that they can be financially successful as they grow. By establishing checking and savings accounts, youth members receive the dual benefit of financial education, as well as prizes and incentives for making smart money choices.
All Family First members ages under the age of 18 have the benefit of free account service. This means no relationship or paper statement fees! With just $5, you can get your child started down the road to savings.
Funds on deposit at Family First FCU are insured up to $250,000 by the NCUA.
Accessing Your Account
At Family First, it’s easier than ever to access funds from your account! We participate in a shared ATM and branching network that allows surcharge-free access to ATMs and allows you to handle your finances at other credit unions across the country… just one of the perks of being part of our Family.
Direct Deposit
Direct Deposit is a free service that allows you to have your paycheck, government check, pension, or annuity automatically deposited into your Family First CU account.
Save time, eliminate the chance of a lost or stolen check, and increase your savings by having your payroll funds directly deposited and disbursed among your accounts any way you like!
Don't Know Where to Start?
Calculators
Check out all our Savings Calculators to help you determine your goals!
Rates
Our rates are as good as they come.
