
Club Savings Accounts
At CCECU, we believe saving should be easy, rewarding, and tailored to your unique financial goals. Whether you're planning for the holidays, building an emergency fund, or saving for something special, our Club Savings Accounts help you stay organized and on track. With flexible options and great rates, we make it simple to reach your savings goals faster.
Why Choose a Club Savings Account?
Set It and Forget It - Saving for a specific purpose is easier with a Club Savings Account. Set up automatic deposits, watch your balance grow, and enjoy peace of mind knowing you're working toward a defined goal.
Higher Interest Rates - Our Club Savings Accounts often offer better interest rates than traditional savings accounts, allowing your money to grow faster with minimal effort.
Focused Saving - Whether you are saving for Christmas, a vacation, or an emergency fund, each type of club account is designed to help you stay focused on your financial goals.
Security and Peace of Mind - Your deposits are federally insured up to $250,000.00 by NCUA, so you can rest assured that your savings are protected.
Our Club Savings Account Options
1. Christmas Club Account
Start saving for the holidays early with our Christmas Club Account. By setting aside a little each month, you’ll have the funds you need to make this holiday season stress-free—no more scrambling for extra cash when the holidays approach!
o No Monthly Fee
o Earn Higher Interest
o Automatic Transfers
o Access Your Funds in November 1 – December 31 (Just in time for holiday shopping!)
How it Works:
o Make regular deposits throughout the year.
o Withdraw your balance between the 1st of November and 31st of December
o Earn interest on the balance saved (paid annually on October 31st).
2. Money Market Account
For those looking to earn higher returns while keeping their funds easily accessible, our Money Market Account is the perfect choice. With tiered interest rates based on your balance, you can watch your savings grow faster.
o Higher Interest Rates than a traditional savings account
o Access Your Funds Anytime
o Monthly Transfers Allowed (up to 6 free per month)
o No Fees with Minimum Balance
How it Works:
o Deposit any amount, and watch your savings grow with competitive interest rates.
o Enjoy easy access to your funds through online transfers.
3. Special Savings Account
Whether you're saving for a special occasion, a rainy day, or a major purchase, our Special Savings Account helps you set aside funds for any goal. You get the flexibility of a regular savings account with the added benefit of earning competitive interest.
o No Monthly Fees
o Earn Interest
o Flexible Deposit Options
o Easy Access to Funds
How it Works:
o Set aside money for any goal: vacation, home improvement, or even an emergency fund.
o Make deposits as needed.
o Earn interest while your balance grows.
How to Open a Club Savings Account
Opening a Club Savings Account with CCECU is simple and hassle-free. Here's how:
- Apply Online
Use our secure online portal to apply for your Club Savings Account in minutes. - Visit a Branch
Prefer face-to-face service? Stop by one of our friendly branches, and a Member Service representative will assist you in setting up your account. - Call Us
Have questions? Our team is happy to guide you through the process. Call us at 727-442-7746 or send us an email at MemberServices@ccecu.org for assistance.
Frequently Asked Questions (FAQs)
Q: Are there any fees for Club Savings Accounts?
A: No, there are no monthly fees for most of our Club Savings Accounts. However, the Money Market Account and Christmas Club Account may have withdrawal fees.
Q: How can I deposit money into my Club Savings Account?
A: You can deposit money through automatic transfers, direct deposit, or via online banking, mobile banking, or telephone banking.
Q: When can I access my funds in my Christmas Club Account?
A: Christmas Club Accounts are designed to be accessed between November 1st and December 31st, just before the holiday season. This helps you save consistently throughout the year for the holidays. Withdrawals made between January 1st and October 31st with incur a $5.00 fee per withdrawal.
Q: Can I withdraw money from my Money Market Account anytime?
A: Yes, Money Market Accounts allow you to make withdrawals or transfers whenever you need, up to six (6) withdrawals per month for free, though maintaining a minimum balance may help you earn higher interest. Withdrawals more than 6 times in one month will incur a $10.00 fee per additional withdrawal. Withdrawal counts reset on the 1st of each month.
Benefits of Joining CCECU
As a member-owned credit union, CCECU is committed to helping you succeed financially. When you open a Club Savings Account with us, you're not just a customer—you’re part of a community. You’ll receive:
- Competitive Rates: Our Club Savings Accounts often offer higher rates than traditional banks.
- Personalized Service: We take the time to understand your financial goals and provide the right tools to help you achieve them.
- No Hidden Fees: Transparency is key—no surprise fees, ever.
- Access to Full Banking Services: As a member, you can access all of our products, from loans to credit cards to insurance.
Get Started Today!
Whether you’re saving for something big or just want to start building your financial future, our Club Savings Accounts are here to help. Ready to start saving smarter? Click the Apply Now button or contact our friendly team to get started today!
Need Help?
If you have any questions or need assistance, don’t hesitate to contact us. We’re here to help you every step of the way.
Share (Savings) & Club Rates
Account Type | Minimum | Minimum Balance | Frequency | Rate | APY* |
---|---|---|---|---|---|
Regular Shares2 | $5 | $100 | Monthly | 0.25% | 0.25% |
Christmas Club5 | $5 | None | Annually | 0.50% | 0.50% |
Young Millionaires Club1 | $5 | $25 | Monthly | 0.25% | 0.25% |
Lighthouse Savings1 | $100 | $100 | Monthly | 0.50% | 0.50% |
Prime Checking3 | N/A3 | $1,000 | Monthly | 0.05% | 0.05% |
IRA Share Savings2 | $5 | $100 | Monthly | 0.25% | 0.25% |
*APY: Annual Percentage Yield
1$5 Average Daily Balance required to earn dividend
2$100 Average Daily Balance required to earn dividend.
3$1,000 Average Daily Balance required to earn dividend.
46 withdrawals allowed per month at no charge. Any withdrawal after 6 will incur a $10 per withdrawal fee.
5Christmas Club dividends paid October 31st annually
Rates are variable and subject to change by the Board of Directors without notice. Fees may reduce earnings. Other restrictions may apply. Contact a Credit Union employee for current rates and terms.
Effective January 1, 2025