Accounts
Whether you are looking for a safe haven for your nest egg or a place to start your first savings account, we have an array of options for you. We offer FREE Checking and IRAs, just to name a few.
Our savings accounts are federally insured to give you peace of mind.
Review each of these deposit accounts, then open those that best fit your needs.
Christmas Club
Our Christmas Club account is a smart and convenient way for you to save for the holiday season — or any other occasion for that matter. Make a daily, weekly or monthly deposit to ensure you have the funds you need when the holiday shopping season arrives!
Features included in the Club Account include:
• November 1, 2024 - November 30, 2024
• Penalty-free pay-out date: November 1st – December 23rd
• Quarterly statement provided
• Automatically deposit through payroll deduction
• $5 Minimum balance required
• A $25 early-withdrawal fee helps incentivize Members to use the savings as intended.
Kids’ Club
The Fairfield Community Credit Union Kids’ Club is the easy way to teach kids how to save and manage money. It is important for children of all ages to learn the fundamentals of managing personal finances. FCCU invites all savers under 12 years old to join the Kids Club, a program designed to teach today's youth the merits of saving their money.
• Membership is FREE!
• Members receive gifts, prizes and more!
Existing Members ages 12 & under are automatically a Kids Club member. So come by today and pick up your FREE package.
For more information on how to join the FFCU Kids Club, please call.
Teen Club
Jefferson County youth, 13 -17 years of age, can develop good financial habits with budgeting, saving and decision-making by opening FFCU Teen Club Savings and FFCU Teen Club Checking account.
• FREE Savings & Checking Accounts
• FREE Visa Debit Cards
• FREE Online Banking
Coverdell Savings Account
Gives flexibility to families saving for college tuition and other related expenses.
• Up to $2,000 per year may be deposited for each child under age 18.
• Anyone can make a contribution — parents, grandparents, relatives, or friends
• Earnings and withdrawals are tax free if used for educational expense by age 30
• Can be transferred to another child in family
• 10% penalty if used for another purpose
• These contributions are not tax deductible, but dividends earned are tax free.
• Contributions can be made up to April 15th.
Investment Savings
Individual Retirement Accounts (IRAs) offer unique and exciting savings opportunities based on your financial needs. Fairfield Federal Credit Union offers three options for you to choose which type of tax-advantage savings plan works best for you!
Traditional IRA
Contributions to this type of IRA may be tax deductible in the year in which the contributions are made, and taxes due on the earned interest are deferred until the funds are withdrawn.
Roth IRA
Contributions are post-tax and growth may be tax-free.
Since withdrawals are not reportable income, they will not affect your adjusted gross income during retirement. Contributions can be made after age 70½, and no withdrawals are required during the accountholder's life. Withdrawals from a Roth IRA are tax- and penalty-free as long as the account has been open for at least five tax years and you are either over 59 ½, disabled or buying a first home.
Contributions can be made up to April 15th for the previous year.
Certificates of Deposit
To help you earn the most money, Fairfield Community Credit Union always offers exceptional rates on our Certificates of Deposit. Our Certificate terms range from 3 months to 2 years, giving you the freedom to choose which rate and term best fits your needs.
Share Certificates of Deposit
Share Certificates of Deposit are another great way to save. You can open a Share Certificate Account with a minimum balance of $1,000. Share Certificates of Deposit are also available with terms of 3 months to 24 months.
Our Share Savings Certificates provide competitive, fixed dividend rates for each term.
Share Savings Account
Our philosophy that Members actually own shares in Fairfield Community Credit Union led us to call these accounts Share Accounts. The name is unique, but a Share Account is essentially the same as a conventional savings account at any other financial institution. In order to continue FCCU membership in good standing, Members are required to maintain a minimum balance in their Share Accounts of only $5.00. In addition to FCCU membership, the Share Account entitles Members to dividends payments which are paid quarterly based upon the daily average balance method.
Become a valued Member of Fairfield Community Credit Union by opening your Share Account today!
As of the last dividend declaration date, 06-26-2024, the dividend rate for regular share accounts was .15% with an APY of .15%. Dividends are compounded quarterly. Dividend rates for each quarter are determined during the last month of the quarter, and the rate could be lower.
FREE Checking Account
Fairfield Community Credit Union offers you the convenience of full-service features with our checking accounts, also known as share draft accounts. With your FCCU checking accounts, you will have NO monthly service fees, NO minimum balance requirements and NO per-check charges.
In addition, the Fairfield checking account provides these additional benefits:
• VISA® Debit Card
• No-fee credit union ATMS at three convenient locations and ATM services
via CIRRUS® and PULSE® systems
• Free box of FFCU checks per quarter for Members 60 years old or older.
• Interest bearing/monthly dividends
• Overdraft Privilege Protection
• Mobile Banking
• E-Statements
• No charge on pre-authorized automatic drafts
• Consolidated monthly statements
• Direct deposit
• Wire transfer of funds to an outside account
• Stop payment
• No monthly service charge
• All accounts verified thru Chex Systems
Dividends on all the above accounts are calculated by the average daily balance method.
| Share Type | Effective Dates | Rate | APY | Compounding |
|---|---|---|---|---|
| Share Draft $1,000+ | November 1, 2024 - November 30, 2024 | 0.00% | 0.00% | Monthly |
| Share Draft Under $1,000 | November 1, 2024 - November 30, 2024 | 0.00% | 0.00% | Monthly |
| Term | Minimum to Open | Nominal Rate* | APY | Compounding |
|---|---|---|---|---|
| 3 Month | $1,000 | 0.03% | 0.03% | Quarterly |
| 6 Month | $1,000 | 0.06% | 0.06% | Quarterly |
| 12 Month | $1,000 | 0.09% | 0.09% | Quarterly |
| 18 Month | $1,000 | 0.12% | 0.12% | Quarterly |
| 24 Month | $1,000 | 0.15% | 0.15% | Quarterly |
| Balance Requirement | Nominal Rate | APY† | Compounding |
|---|---|---|---|
| $25 - $20,000 | 0.05% | 0.05% | Quarterly |
| $20,001 - $75,000 | 0.10% | 0.10% | Quarterly |
| $75,000 and up | 0.20% | 0.20% | Quarterly |
| Balance Requirement | Nominal Rate | APY† | Compounding |
|---|---|---|---|
| $25 and up | 0.05% | 0.05% | Quarterly |
Debit Cards with No Monthly Usage Fee
Stop paying monthly fees to use your debit card! With a FCCU Checking account you are free to use your debit card as often as you wish without any additional fees. Just sign up for your FREE debit card when you open your FREE checking account.