Savings Accounts
Quaker Oats Credit Union offers several savings accounts to suit your needs. Each member is insured up to $250,000 by the NCUA (National Credit Union Administration).
Share Account/Saving:
- Minimum of $5 to open a regular share account.
- Dividends paid on balances of $100 and over.
- Deposit and withdrawal upon demand without penalty.
Money Market Account:
- Minimum of $2500 to open a Money Market Account.
- Dividends paid on balances of $2500 and over.
- Deposit and withdrawal upon demand without penalty.
Christmas and Vacation Club Accounts:
- No minimum balance to open a Christmas or Vacation Club account.
- Christmas Club money will be automatically transferred to regular savings accounts on November 1st every year.
- $10 early withdrawal fee per withdrawal on Christmas Club accounts only.
- If you currently have a Christmas Club Account, you do NOT need to re-open the account for next year. The account will automatically restart with your first pay period in November.
LIFE Timer’s Club Account
- The LIFE Timer’s Club is a savings account for members 55+ years old.
For a minimum balance of $1,000 you can get many benefits such as:
- Free Liberty Checks (1 box a year)
- Free Visa Gift Card (waive load fee of $2.50)
- Free Cashier Checks
- HIGHER CD Rates
- LOWER Loan Rates
