Other Savings & Investments
In addition to regular Share Savings Accounts the Credit Union offers a range of other savings and investment vehicles such as Honors Money Market Accounts, Term Shares Certificates and Individual Retirement Accounts (IRAs) that can help you reach your savings goals. Deposits at SBSEFCU are insured up to $500,000.
Honors Money Market Accounts
An Honors Money Market Account is a safe and convenient investment vehicle that can earn a higher rate of return than a regular Share Savings Account and give you more liquidity than a Term Share Certificate.
Features
- No minimum balance required
- ATM Access to funds through Visa Debit Card or ATM Card
- No minimum withdrawal amount required
- Up to six withdrawals or transfers per month
- Competitive Tiered Variable Rates
Term Share Certificates
A Term Share Certificate combines the safety of insured funds with a greater earning potential than a regular Share Savings Account.
Features
- Term Share Certificates from 3-60 months
- Rates are locked for the term of the term share
- $2,000 minimum balance required
- Competitive Rates
Individual Retirement Accounts (IRA)
IRA’s are a powerful tool to help build your retirement savings. IRA’s offer either tax-deferred or tax-free earnings growth until they are distributed, and some contributions may be tax-deductible as well. These special tax features can result in significantly larger savings than what you could achieve with ordinary savings accounts. We have both IRA Term Share Certificates and IRA Share Accounts. Note that all of the information provided on this page regarding IRAs is general information only and not intended as tax advice. For advice please consult a tax professional.
Traditional IRA Share Accounts
Features
- Add to the account up to the maximum yearly allowance
- Low $5 minimum to get started
- Competitive Variable Tiered Rates
Traditional IRA Term Share Certificate
Features
- 12-month Term
- Requires a $500 minimum balance to open
- Additional deposits of $100 or more can be made after open date
- Competitive Fixed Rates
Roth IRA Share Accounts
Features
- Add to the account up to the maximum yearly allowance
- Low $5 minimum to get started
- Competitive Variable Tiered Rates
Roth IRA Term Share Certificate
Features
- 12-month Term
- Requires a $500 minimum balance to open
- Additional deposits of $100 or more can be made after open date
- Competitive Fixed Rates
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