Saving Accounts

Ensure more financial security by saving your money at nothing less than the best savings yield. And Velocity's rates are among the highest in town. As a not-for-profit, Velocity offers better rates, low fees and even more security. For example, member deposits are federally insured to $100,000 by NCUA, a government agency. We have developed several savings account plans to fit the diverse lifestyles of our members.

Click on the following savings plans to discover the attributes of each one:
Savings Account
Account Description
Regular Savings
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Your Regular Savings account keeps your Velocity membership active and all it takes to maintain it is $5. Dividends are calculated on daily balances of $100 or more, and are compounded and paid quarterly.

Service Fees: None
Dividends: Yes

Prestige Money Market Accounts
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Prestige Money Market Accounts let you earn a generous dividend rate, but still access your money if you need it. Unlimited over-the-counter transactions are allowed, but you are limited to six preauthorized withdrawals or transfers each month-three can be by check. A Prestige Account can be opened with a minimum deposit of $1,000. Dividends are paid on balances of $2,000 or more. Dividends are compounded daily and paid monthly. Rates are set on the first day of each month. Avoid the $10 monthly fee by keeping a minimum balance of $1,000.

Service Fees: None if balance remains equal to or greater than $1,000, otherwise $10
Dividends: Yes

Share Certificates
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Velocity's Share Certificates pay some of the highest dividends we offer. Select a maturity term anywhere from 91 days to 5 years. Share Certificates are available at minimum deposit levels as low as $100. You can also choose from "mini-jumbo" certificates beginning at $20,000, or from "jumbo certificates" beginning at $90,000. Ask a Velocity representative for complete details.

Service Fees: None
Dividends: Yes

Holiday Accounts
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Let Velocity help relieve some of the financial pressure of the holiday season. Set aside money throughout the year. Open a Holiday Account at Velocity for only $10. You'll start earning dividends immediately. Then, on October 1, we'll send you the balance, which you can use for holiday shopping.

Service Fees: None
Dividends: Yes