SAVINGS

SHARE SAVINGS ACCOUNT

Open a savings account with just $50 and you are on your way to enjoying the many benefits available through your Credit Union membership. Watch just how fast your money can grow.

Rate APY**
0.05% 0.06%
*Rates & terms are subject to change without notice. Par value of a share is $50. Minimum share balance $50. This amount must be maintained in the regular share account at all times in order to remain a member of this credit union.
Dividends on regular share are compounded and credited on a quarterly basis. Minimum balance to earn stated APY** is $250. The average daily balance method is used to calculate dividends. The average daily balance is determined by adding the balance in the account for each day of the period and dividing that amount by the number of days in the period. This credit union will use the full balance in the account for calculation whether deposits are made by cash or check. If you close your account before your accrued dividends are credited, you will not be paid any dividends for that period.
Your credit union is an ideal place to save for the future. Our savings accounts are federally insured up to $250,000 by the National Credit Union Administration.
Applicable Disclosures & Policies

MONEY MARKET ACCOUNT

A Money Market account allows you to earn a higher rate of return than a traditional savings account without tying up your funds for any length of time.

Minimum Balance To Earn Stated APY** RATE APY**
$1,000 0.05% 0.05%
Dividends on the money market accounts are compounded and credited on a monthly basis. The day of deposit/day of withdrawal (actual daily balance) method is used to calculate the dividends. This credit union will pay dividends on the full balance in the account whether deposits are made by cash or check. If you close your account before your accrued dividends are credited, no dividends will be paid for that period.
Applicable Disclosures & Policies

HOLIDAY/VACATION CLUB ACCOUNTS

If the Holiday season always seems to find you a little short of cash, your credit union has just the solution with our Holiday Club. This service is specifically designed to help you save for the holidays. You can also save throughout the year for that dream vacation you were always meaning to take. The account is easy to open and provides an efficient and painless way to have cash on hand when you need it.

Minimum Balance To Earn Stated APY RATE APY**
$50 0.05% 0.05%
Par value of a share is $50. This amount must be maintained in the regular share account at all times in order to remain a member of this credit union.
Dividends on club accounts are compounded and credited on a quarterly basis. The average daily balance method is used to calculate dividends. The average daily balance is determined by adding the balance in the account for each day of the period and dividing that amount by the number of days in the period. This credit union will use the full balance in the account for calculation whether deposits are made by cash or check. If you close your account before your accrued dividends are credited, you will not be paid any dividends for that period.
Applicable Disclosures & Policies

SHARE CERTIFICATES

Minimum Balance To Earn Stated APY** RATE APY** Term
$1,000 0.10% 0.11% 1 Year CD
$1,000 0.10% 0.11% 2 Year CD
If a certificate is withdrawn or transferred to another institution before the maturity date, there will be a 90 day interest penalty. The principle and accrued interest on the term share accounts will be deposited into the regular share account upon maturity. 
Applicable Disclosures & Policies

LUCKY SAVERS CLUB

WHAT IS LUCKY SAVERS?

It's a special term deposit account at NYU Federal Credit Union that helps you build your savings while giving you a chance to win monthly and quarterly cash prizes! Every $25 deposit (up to $250 per month) into this account gets you a chance to win - up to 10 chances every month. Plus, all the money deposited into the Lucky Savers account is still yours and helps to build your savings. It's a win-win situation!

HOW DO I OPEN AN ACCOUNT?

You can open a Lucky Savers account by visiting our branch locations: at 726 Broadway, Suite 110, or at the NYU Langone Medical Center. You can even set up direct deposit or scheduled transfers to increase your chance to win.

WHAT ARE THE PRIZES?

  • Each $25 deposit gives you a chance to win a quarterly prize of up to $5,000
  • Each $25 deposit gives you a chance to win a monthly prize of up to $100
     

WHAT ARE THE REQUIREMENTS TO OPEN A LUCKY SAVERS ACCOUNT?

  • Must be 18 years of age or older
  • A NYU Federal Credit Union member with accounts in good standing
  • Business and Trust accounts are not eligible for this account

WHAT IS A TERM DEPOSIT ACCOUNT?

A term deposit account is a special savings account. You earn a specified dividend if the term deposit account is held for the full term; in the case of Lucky Savers, the term is 12 months.

WHAT'S THE DIVIDEND RATE?

0.10%

WHY SHOULD I OPEN A LUCKY SAVERS ACCOUNT?

Because it's a win-win situation! And, you can win monthly and quarterly prizes! With regular deposits into your Lucky Savers account, you are guaranteed to have money saved at the end of the year. See official rules here. Truth in Savings for Lucky Savers CDs is here.