Savings

At Parkside Credit Union, we are here to help with all of your savings needs. Whether you have a few dollars to save or thousands, we have a program to help you get the most for your money. Click here for today's rates!

Regular Share

Begin your membership with a $5.00 deposit into your savings account. This $5.00 must remain on deposit in order to maintain your membership privileges, and to participate in the services available. This account is also used for the automatic transfers of loan payments, insurance payments, mortgage payments, and transfers to other Parkside accounts. You will also earn dividends on balances of $500 or more.

CD's & IRA-CD's:

Choose from a wide range of certificate terms from three months to five years, all with a minimum deposit of only $500. The dividend payment can either remain in your certificate, or you can arrange to have it transferred to your savings or checking account, or we will mail you a check.

Contact us today for more details on IRA-CD's.

Money Market:

Earn higher rates of return with the Parkside IDF (insured daily funds/money market) Account. Open your account with a minimum balance of only $2,000. Maintain a minimum balance of $2,000 to earn interest and keep the account open. Deposits and withdrawals can be made at any time. Dividends are declared and paid monthly. Our money market is tiered: the higher the balance, the higher the interest. The tiers are set as follows: $2,000.00-$39,999.99; $40,000.00-$79,999.99 and $80,000.00+. Check our current rates.

IRAs

When you plan for your retirement, qualified members can save on taxes in an IRA. There are no annual fees, and you can make deposits conveniently through payroll deduction, by mail, or in person at the credit union offices. Consult with your tax attorney regarding your IRA eligibility.

Holiday Clubs

Save separately for your holiday shopping or a special vacation in a Christmas Club Account. Open your account with a $5.00 deposit. Make deposits through direct deposit, payroll deduction, ATM, by mail or in person. In November, your money is automatically transferred into your checking or savings account. If withdrawals are made prior to November, the account must be closed. Dividends are declared and paid monthly.

NCUA Insured

Each members account is insured up to $100,000 by the National Credit Union Administration (NCUA), an agency of the U.S. government. IRAs are insured up to an additional $100,000.

Additional Insurance

As of July 2003, Parkside Credit Union has qualified to insure member savings accounts up to $350,000 - the highest combination of federal/private savings insurance available to consumers.

This coverage is a combination of $100,000 per member provided by the National Credit Union Administration, an agency of the federal government, and $250,000 per member provided by the Excess Share Insurance Corporation (ESI), a licensed property and casualty insurer.

ESI accepts only credit unions meeting strict underwriting criteria, and therefore insures many of the nation's most respected credit unions. "Parkside Credit Unions acceptance into the program reflects the credit union's commitment to safety and security," said CEO, T. Scott Kreinbring.