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Your savings federally insured to at least $250,000
and backed by the full faith and credit of the United States
Government
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Accounts Share Drafts For your convenience, Progressive FCU also accepts Direct Deposits. Savings A regular share (savings) account with a minimum balance of $100 earns quarterly dividends, based on your average daily balance at the end of the quarter. Christmas Clubs make saving for the holiday season easy. The Christmas Club "year" starts in October and runs through September 30th, though you can join at any time. At the end of the year, your balance is deposited automatically into your share account. You can take advantage of Payroll Deduction to painlessly build your Christmas Club balance. For your convenience, we offer automatic renewal of Payroll Deductions for Christmas Clubs. Investment Planning You can start an IRA (Individual Retirement Account) with a minimum deposit of $100, and start earning compounded interest, paid quarterly. The IRS may allow you to deduct part or all of your IRA contribution from your taxes. Additionally, all earnings on your IRA are tax-free until you withdraw. Check with your certified accountant or tax preparer for details. There are penalties for early withdrawal of these investments. Dividends and rates are subject to frequent change, so check with the credit union for current information.
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Copyright © 2008 CU*SOUTH | |