Savings

Savings accounts – where it all begins.  Your regular savings account keeps your Velocity membership active and all it takes is the minimum balance of $5.

Velocity’s rates are consistently among the best in the country, and your deposits are safe and secure with us. Member deposits are federally insured up to $250,000 by the NCUSIF, backed by NCUA and the full faith and credit of the United States government.

We offer several types of savings plans to fit the diverse needs of our members.

Savings Account Account Description

Regular Savings

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Your regular savings account keeps your Velocity membership active and all it takes is the minimum balance of $5.  Dividends are calculated on daily balances of $100 or more, and are compounded and paid quarterly.

Service Fees: None
Dividends: Yes

Money Market Accounts

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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 -- all of which can be by check. A Money Market 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