Savings Accounts

Any of the Variable Rate Savings programs may be tailored to suit your personal circumstances.

We offer a variety of ways for Valley 1st members to save for schooling, vacation, large purchases, or personal endeavors. Deposits may be made by mail, Automated Clearing House (ACH), in person, or through payroll deduction. Withdrawal requests may be made in person at the office or by Audio Response (Valley 1st Talk).

Share Savings

Share Account

  • Establishes credit union membership

  • Minimum balance of $5.00

  • Dividends earned daily and compounded/posted monthly

Christmas Club Accounts

Christmas Club Accounts

  • Designed for holiday savings

  • Convenience of saving for holiday expenditures through payroll deduction, deposits by mail, or in person

  • Dividends are earned on accounts with an average daily balance of $5.00 or more

  • Dividends are compounded and posted quarterly

  • Disbursements checks are issued after the third quarter dividend posting

  • No penalty for early withdrawal

  • Accounts may be re-opened after October 1 of the year in which they were closed

IRA Accounts

Individual Retirement Accounts

  • Regular IRA and Roth IRA Share Accounts

  • Higher one-year, two-year, three-year, and five-year IRA Share Certificates are available

  • Minimum deposit of $500.00

  • Defer taxes on IRA dividends

  • May be eligible for a tax deduction on IRA contributions

  • Penalties are charged for withdrawals before age 59 ½

Money Market Accounts

Money Market

  • Offers the best of both Savings Accounts and fixed-term investments by paying the high interest rates of fixed-term investments

  • $5,000.00 to open

  • Dividends are calculated based on the average daily balance and are credited quarterly

  • Simply transfer the desired amount to your credit union Share or Share Draft/Checking Account to withdraw as you need it

Share Certificates

Share Certificate Account

  • Certificate Accounts are offered for members who are looking for a higher rate of return on their investments

  • 6-month, one-year, two-year, three-year, and five-year certificates are available

  • New certificates are adjusted weekly

  • Dividends on certificates are credited monthly to either the members Share Account or to the Certificate Account

  • Minimum deposit of $1,000.00 is required to purchase a certificate