Savings Accounts Overview

No matter what you're saving for, West Virginia Federal Credit Union has the perfect savings plan to match your needs.

You've got a plan for the future, and we've got a plan for you. Whether it is Short-term savings, long-term goals, or a nest egg for retirement. All are federally insured to current NCUA levels, earn high dividends, and allow for fast, easy deposits and withdrawals. At West Virginia Federal Credit Union, you have so many reasons to save, and we have so many ways to get you there.

  • Regular Savings

  • Money Market

  • Christmas Club

  • Certificates

  • IRAs

Regular Savings Accounts

Our Savings Account (Share Account) establishes your membership with us. Once you open your basic share/savings account, you are eligible to apply for all other services, including checking, loans, credit, and more. Open additional savings accounts for specific purposes such as a holiday or vacation.

  • $1 minimum initial deposit

  • Minimum daily balance of $100 to earn stated APY

  • Dividends compounded and paid monthly

  • Six withdrawals per calendar month without fee

  • No monthly service charge

  • Convenient access to funds via ATMs, Personal Account Teller (PAT)

  • 24-Hour access and Home Banking

Stop by today to open your West Virginia Federal Credit Union Savings Account!

Money Market Accounts

Money Market Accounts offer our members a higher dividend rate than typical Share Accounts. The Money Market Account is essentially a large-balance Savings Account with a higher interest rate. With the higher return, this account is frequently used as an investment vehicle.

  • $5,000 minimum initial deposit

  • Six withdrawals per calendar month without fee

  • Minimum daily balance of $5,000 to earn stated APY

  • Dividends compounded and paid monthly

  • APY based on a tiered balance

To find out more about our savings products, stop by one of our convenient locations and speak with a Member Service Representative today!

Christmas Club Accounts

A good idea is a planned savings program designed for this special occasion. A great way to lighten the expenses incurred for the holidays is to open a Christmas Club Account. Club accounts are perfect for segregating money. You will be issued a check on the first of October, just in time for the shopping season.

  • Dividends are compounded monthly and paid monthly

  • Minimum initial deposit is $15

  • Minimum balance of $100 to earn interest

  • Fee is imposed on each withdrawal prior to the annual October payout

Don't hesitate to open an account - stop by one of our convenient WVFCU locations to get started!

Share Certificates

If you are looking for a great investment opportunity to maximize your dollars, try out our share certificates. They are available in short-term or long-term options and give you the most competitive rates available, combined with the safety and security associated with this popular investment. You can choose from various terms ranging from 6 to 60 months with a minimum of a $1,000 deposit.

  • Dividends compound and credit monthly

  • Additional deposits are not permitted

  • Withdrawals allowed prior to maturity with penalty (terms 12 months or less, 90-day penalty & 12 months or over, 180-day penalty)

Start your investment today - stop by one of our convenient locations to open a share certificate for yourself or a loved one!

IRA Accounts

To help you save for your future, West Virginia Federal Credit Union offers various IRA Accounts, including Traditional, Roth. Our retirement plans offer you a way to set aside a portion of your earnings for the future and to multiply your assets over the years. We offer both IRA Savings and IRA Certificates.

IRA Share Account

  • Minimum initial deposit is $100

  • Minimum daily balance of $100 to earn stated APY

  • Dividends compounded and posted monthly

  • APY based on a tiered balance

  • IRA limitations apply. Cannot be pledged as collateral

IRA Certificates

If you are looking for a great investment opportunity to maximize your dollars, try out our share certificates. They are available in short-term or long-term options, and give you the most competitive rates available, combined with the safety and security associated with this popular investment. You can choose from various terms ranging from 12-60 months. Whatever you investment goals, our experienced staff will help you select the best alternative to meet your current and future needs.

  • Dividends compounded and paid monthly

  • Additional deposits allowed at maturity

  • Withdrawals based on IRA limitations

  • A fee is imposed for transfers or early closeout for non-qualified reason

One of our West Virginia Federal Credit Union Member Service Representatives can help you through the process - stop by one of our convenient locations today to get started.