Quick Fact
Over 75 million Americans belong to the growing family of credit union members. Most Americans find that for borrowing, saving, checking and many other financial services, their credit union offers the best value. Credit unions offer a safe place to save and borrow at reasonable rates.
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Savings
When it comes to saving your hard-earned money, KEMBA Financial Credit Union offers a variety of savings programs. Our savings products offer attractive dividend rates and provide a safe and secure place to invest your money. At KEMBA, your savings are federally insured up to $100,000 through the National Credit Union Administration (NCUA). KEMBA also offers Excess Share Insurance for an additional $250,000 in coverage, for a total of $350,000 in protection. No one has ever lost a penny with a federally insured credit union.
Check out our Savings Rates!
Regular Share Savings
Your Share Savings account is your first relationship with us, and it’s a great way to save for the future. Open the account with just $5 and you get membership and ownership in KEMBA. A Share Savings account earns monthly dividends (interest) at a competitive rate. You can make regular contributions by payroll deduction/direct deposit, at ATMs, KEMBA and shared branch locations, online or by telephone. The possibilities are endless.
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Certificates
KEMBA certificates are an excellent investment tool that offer the higher interest rates you want and the security of knowing your funds are insured. KEMBA certificates have competitive rates and a wide-range of maturities –
from 3 months to 5 years –
to fit your financial needs.
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Money Market Accounts
A KEMBA Money Market account is another great way for you to watch your savings grow. It has the best of a certificate and the best of regular savings. You have convenient access to your money, like with regular savings, but you earn higher interest rates, like with a certificate.
You’ll earn a competitive rate with a KEMBA money market account. As your savings grow, you earn additional interest on your account in our tiered account levels:
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$1,000 to $9,999
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$10,000 to $24,999
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$25,000 & higher
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IRAs
IRAs are a safe and smart way to build peace of mind for the future while earning possible tax advantages today. Your KEMBA IRA is insured separately from your other credit union deposits, so you have additional coverage.
Choose from a Traditional, Roth or Coverdell IRA and use payroll deduction/direct deposit to make regular deposits. KEMBA is pleased to accept rollovers, transfers and lump sum distributions from qualified retirement plans.
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Christmas Club Accounts
Save for the holidays all year long! On November 1st each year, your Christmas Club funds are transferred to your KEMBA checking account or savings account. Your Christmas Club account will renew automatically for the next year.
(Penalties may apply for withdrawals made before November 1.)
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Youth Savings Program
Designed for kids ages 12 and younger, the Looney Tunes Savings Club establishes good savings habits at an early age. Each member receives a special membership card, birthday cards, a club newsletter and special deposit slips featuring pictures of Looney Tunes characters. Plus, they will receive special invitations to club events and activities throughout the year. Accounts are opened and tax information is reported under your child’s social security number.
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