Savings & Money Market Accounts
Savings accounts to assist you in your financial journey
Save Money & Make Life A Little Easier with HFCU
Whether you’re saving for a walk down the aisle or a trip to a faraway shore, Heritage Financial Credit Union is here to get you where you want to be. With multiple savings account options, let’s hit your savings goals, together. By opening a savings account with as little as $0.01 you officially establish your membership with HFCU. If you are looking to become a member, you can open your savings account to establish membership online by clicking the button below. For more information on our savings products, continue scrolling on this page, stop into your local branch or call us at 845-561-5607.
Savings Accounts
A savings account is a secure deposit account offered by banks and credit unions that allows you to store money while earning interest on your balance. It is ideal for building an emergency fund, saving for future goals, or setting aside funds you don’t need for everyday spending. While you can withdraw money when needed, savings accounts typically limit the number of withdrawals per month to encourage long-term saving. Learn About our Savings Account types by clicking the buttons below.
| Product | Annual Percentage Yield (APY)1 | Balance to Earn Minimum APY | Minimum to Open Account | Dividend Rate4 |
|---|---|---|---|---|
| Share Savings | 0.03% | $500 | $0.01 | 0.03% |
| Additional Savings (Holiday, Vacation) | 0.01% | $500 | $0.01 | 0.01% |
| IRA Savings | 0.01% | $500 | $0.01 | 0.01% |
| Super Saver – Tier 1 | 0.15% | $25,000 | $0.00 | 0.15% |
| Super Saver – Tier 2 | 0.15% | $50,000 | $0.00 | 0.15% |
| Super Saver – Tier 3 | 0.20% | $100,000 | $0.00 | 0.20% |
| Super Saver – Tier 4 | 0.30% | $200,000 | $0.00 | 0.30% |
Share Savings
Build a strong foundation and work toward your goals. Whether you’re saving for a down payment, a new computer, or thinking ahead with an Emergency Fund, it all starts here. Begin with as little as $0.01 and grow your savings with us. We also offer additional savings accounts for holidays and vacations. HFCU offers competitive dividend rates and services that help make saving easier. New members can open savings accounts online and current members can open additional savings accounts through online banking. Stop into your local branch or call us at 845-561-5607 with questions.
Grand Slam Savings
Watch as your balance runs, not walks – the more you save, the more we’ll pay you! The Grand Slam Savings account from Heritage Financial Credit Union is a digital, high-yield savings account that offers competitive interest rates when you meet certain requirements. Start earning more by opening a Grand Slam savings account with Heritage Financial Credit Union today. Batter up!Stop into your local branch or call us at 845-561-5607 with questions.
| Product (9) | Annual Percentage Yield (APY)1 | Balance to Earn Minimum APY | Minimum to Open Account | Dividend Rate4 |
|---|---|---|---|---|
| Grand Slam Savings- Tier 1 | 0.00% | $50.01 | $10,000 | 0.00% |
| Grand Slam Savings – Tier 2 | 2.50% | $2,500.01 | $10,000 | 2.47% |
| Grand Slam Savings- Tier 3 | 3.25% | $10,000.01 | $10,000 | 3.20% |
| Grand Slam Savings – Tier 4 | 3.50% | $75,000.01 | $10,000 | 3.45% |
| Grand Slam Savings – Tier 5 | 3.60% | $150,000.01 | $10,000 | 3.54% |
| Grand Slam Checking | 0.00% | $0 | $0 | 0.00% |
IRA Share Savings
Protect your future with an IRA
Save for the long-term. Whether you’re looking for a Traditional IRA to defer taxes until you’re retired, or the benefit of a Roth IRA for a tax-deferred return on investment, we have the solution to fit your needs. As long as you are under 70 ½ and earning income, you can establish and contribute to an IRA. You can even use the money for education needs through a Coverdell Education Savings Account. Simplify your contributions by using payroll deduction to automate deposits. Stop into your local branch or call us at 845-561-5607 with questions.
Super Saver
See your money grow in our super saver saving account. Wit a tiered structure, the more you save the more you earn in dividends. New members can open savings accounts online and current members can open additional savings accounts through online banking. Stop into your local branch or call us at 845-561-5607 with questions.
Money Markets
Enjoy the convenience of a money market
A money market account (MMA) is an interest-bearing deposit account offered by banks and credit unions that combines features of both savings and checking accounts. It usually offers higher interest rates than traditional savings accounts and provides limited check-writing and debit card access. However, it may require a higher minimum balance to open and maintain the account. New members can open savings accounts online and current members can open additional savings accounts through online banking. Stop into your local branch or call us at 845-561-5607 with questions.
| Product | Annual Percentage Yield (APY)1 | Balance to Earn Minimum APY | Minimum to Open Account | Dividend Rate5 |
|---|---|---|---|---|
| Money Market – Tier 1 | 0.15% | $2,500 | $0.00 | 0.15% |
| Money Market – Tier 2 | 0.15% | $20,000 | $0.00 | 0.15% |
| Money Market – Tier 3 | 0.15% | $50,000 | $0.00 | 0.15% |
| Money Market – Tier 4 | 0.20% | $100,000 | $0.00 | 0.20% |
| Money Market – Tier 5 | 0.30% | $200,000 | $0.00 | 0.30% |
Savings & Money Market Disclosures
1Any Annual Percentage Yield (APY) provided in this disclosure assumes dividends will remain on deposit for at least one year for accounts with terms. Rates are effective as of 7/1/2024 and are subject to change at any time without notice. You may contact the Credit Union at (845) 561-5607 for current rate information. Fees, withdrawals, or other conditions could reduce earnings on any account. Rates may chance after account opening. Dividends are paid from current income and available earnings. All accounts are subject to the applicable terms and conditions set forth in the Membership Agreement & Disclosures, the Fee Schedule, and any agreement to which the Truth in Savings Disclosure and Membership Agreement references.
4Dividends are compounded quarterly and credited quarterly.
5Dividends are compounded monthly and credited monthly
9This is a digital account with e-statement sign-up and online banking sign-up required. Grand Slam Savings: Any Annual Percentage Yield (APY) provided in this disclosure assumes dividends will remain on deposit for at least one year for accounts with terms. Rates are accurate as of today’s date and are subject to change at any time without notice. The Grand Slam Savings account requires a minimum opening deposit of $10,000 new money. New money is defined as funds not on deposit with HFCU. You may contact the Credit Union at (845) 561-5607 for current rate information. Fees, withdrawals, or other conditions could reduce earnings on any account. Rates may change after account opening. Dividends are paid from current income and available earnings. All accounts are subject to the applicable terms and conditions set forth in the Membership Agreement & Disclosures, the Fee Schedule, and any agreement to which the Truth in Savings Disclosure and Membership Agreement references. Dividends are compounded monthly and credited monthly. Minimum amount to open a savings account for the Grand Slam savings is $10,000.
1 No early withdrawals are allowed on any IRA account or the member will be charged a penalty.