Savings Accounts

$5.00 In A Savings Account

is your basic membership share in the credit union. That's why you'll see savings referred to as your "main share" account.

All accounts except checking earn interest ("dividends" in credit union language) on the last day of the month, based on your average daily balance for the month. (See "Rates & Fees" for dividend rates).

Members may automatically have funds credited (that is, direct deposited) to their savings accounts, but federal regulations do not permit members to automatically debit savings accounts to pay utility bills, life insurance bills, PayPal accounts, etc. Please inquire about a checking account if you would like to make payments from funds deposited at the credit union.

JACFCU savings account you can:

  • Receive direct deposits
  • Withdraw cash, in person or at an ATM
  • Purchase money orders, Visa Gift Cards, etc.
  • Load funds onto a prepaid Visa debit card
  • Have payments automatically transferred to your JACFCU loan

Christmas Club

This is a self-directed savings plan: deposits may be payroll-deducted (check with your employer), automatically transferred from your checking or savings, or made in person on a schedule you choose. In the first week of November, we will mail you a check for the balance of your Christmas Club if it totals more than $25.00, just in time for holiday shopping!

Vacation Club and other Auxiliary Accounts

If you would like to put money aside for a specific purpose--vacation, taxes, motorcycle, emergencies--ask about adding an auxiliary account. This will appear on the same statement as your main share, but is separate so you can easily track your progress toward your goal.

IRAs (Individual Retirement Arrangements)

JACFCU offers both Traditional and Roth IRAs to help you in your retirement planning. You can access official IRS information about retirement account contributions (590-A) and distributions (590-B)


There are no fees charged for ordinary use of your savings account. The following are some uncommon situations where you might encounter a fee:

  • Return of deposited check - $30.00
  • Dormant Account Fee (per year, after two years inactive) - $10.00
  • ATM Cards - First ATM Card is free, replacement ATM Cards are $5.00 by mail, $10 instant-issue