At Sb1, we call our savings accounts "Shares" because the deposit you make to maintain a relationship with Sb1 represents an individual share of the Credit Union. Each of our members owns an individual share of the Credit Union.
This might seem like a small detail, but this philosophy leads to larger payouts because unlike a bank that has a first priority of paying external stockholders a profit - Sb1's priorities of paying shareholders and members is aligned since they're the same group. Therefore we convert any profits we do create into keeping your savings rates as high as possible along with keeping loan rates competitive and charging you fewer fees.
At Sb1 FCU, we have a full variety of options to cover all your savings needs with the best possible rates.
You'll earn a high dividend in exchange for the Credit Union's only required minimum balance of just $5. A Share Savings account provides you with high earning power and easy access to your funds.
Special Club Accounts are also available to help with saving towards a specific holiday or any other purpose. These accounts earn the same great rate as our Share Savings account and you won't have to worry about preset withdraw dates or penalties for early withdrawals in case you need your money before you originally planned.
|Product||Minimum Balance||Annual Percentage Yield||Dividend Rate|
|Share Account (Savings)||$0.00||0.10%||0.10%|
|Christmas & Vacation Club||$0.00||0.10%||0.10%|
|Share Draft (Checking)||$0.00||0.10%||0.10%|
|Health Savings Account||$0.00||0.25%||0.25%|
|1Rates are subject to change at any time without notice.|