Savings | Healthcare Financial FCU (New Haven, CT)

Savings

Share Savings

Share Savings is your basic account required for credit union membership and can be used to build cash reserves for long-term goals or unexpected emergencies

Saving for a vacation, the holidays, new furniture, retirement, a child's education, or just for fun is easy and achievable at Healthcare Financial Federal Credit Union!

Advantages

  • Earn competitive dividends and watch your balances grow.
  • Use the convenience of Direct Deposit or Payroll Deduction to benefit from automatic, committed savings.
  • Establish a healthy saving habit.
  • Access to over 55,000 surcharge free ATMs
  • 24 hour telephone access to your account via EverReady Teller

A Share Savings Account is vital to being a credit union member. Having a Share Savings Account is the first step in accessing all of the other great products and services HCFFCU has to offer. All you need is $5.00 to open an account and sustain your membership. This $5.00 represents your share of ownership in the credit union. . A deposit of only $5.00 is required to open and sustain your membership.

Your Share Savings account earns a quarterly dividend on an average daily balance of $100.00 or more during the quarter.

Please Note: Transfers/withdrawals in excess of 6 may be subject to a transaction fee. Please refer the Credit Union's Fee Schedule.

For more information, contact Member Services.

See Share Savings Rates

Money Market

Want a higher rate without locking your money in like a Certificate of Deposit? Want convenient and easy access to your money? Then a HCFFCU Money Market is the account for you!

Advantages

  • Our tiered dividend rates offer a better return as your balance grows.

  • Earn premium dividend rates on a minimum balance of $2,500.  If balance falls below the minimum, the dividend rate drops to the current savings rate.

  •  Additional deposits are allowed - Use the convenience of Direct Deposit or Payroll Deduction to benefit from automatic and committed savings. 

  • Transfers/withdrawals in excess of 6 may be subject to a transaction fee. Please refer the Credit Union's Fee Schedule.

  • 24 hour access through online banking and our mobile app. 

Your Money Market account earns a quarterly dividend on an average daily balance of $100.00 or more during the quarter.

For more information, contact Member Services.

For our current tiered rates, click on the button below.

See Share Savings Rates

Club Accounts

Saving for a vacation, the holidays, new furniture, retirement, a child's education, or just for fun is easy and achievable at Healthcare Financial Federal Credit Union! 

Holiday Club Account

Balances are automatically deposited to your Checking or Savings Account at the end of the Club term (October). There is a $15.00 fee to close before the end of the term.

Vacation Club Account

Balances are automatically deposited to your Checking or Savings Account at the end of the Club term (April). There is a $15.00 fee to close before the end of the term.

Quarterly Club Account

Your balance is withdrawn at your discretion, but only one withdrawal is permitted per calendar quarter.

See Club Account Rates

Custodial Share Savings

The CTGMA is a Gift to Minors Act custodial account that allows members to save for their child or grandchild.

  • In Connecticut, the child cannot access the account funds until age 21.
  • Account earns a quarterly dividend on competitive dividend rate.

Appropriate for Direct Deposit or Payroll Deduction contributions.

See Club Account Rates

See Custodial Account Rates

IRA Share Savings

Established by the federal government in 1978 to provide consumers with a tax-deferred personal retirement savings vehicle, the IRA is an ideal way to save for retirement.

HCFFCU offers IRA accounts as follows:

  • Members are eligible to open an IRA if they have earned income or received alimony during the year.
  • Individual taxpayers may contribute up to $5,500 annually until the age of 70 1/2.
  • Individual taxpayers over the age of 50 may contribute an additional $1,000 annually.
  • Dividends are compounded and paid quarterly.
  • Taxes on earnings are deferred until funds are withdrawn after age 59 1/2.
  • Consult your tax advisor before opening an IRA account.

For more information, contact Member Services.

See IRA Share Savings Rates

 

 

 
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