When you become a member of the credit union a savings account is opened in your name. An initial deposit of $25 is required. All members must maintain a $25 balance in their savings account to remain a member, and demonstrate regular activity in their account to keep it open.

Other features of Regular Savings include:

• A competitive interest rate is paid quarterly on the daily balance in your savings account. Click here for current rate information.
• Withdrawals: To withdraw money from your savings account, simply stop by a credit union branch. Members can withdraw up to four times per quarter free of charge. After four withdrawals in one quarter a $4 charge per excessive withdrawal is applied.
• Free Online access to your account.
• Quarterly statements, and can also signup for free e-statements if you don't want to get an actual paper copy.
• Direct deposit: You may have your paycheck deposited directly into your savings account.
• Payroll deduction: You may have deposits to your savings account deducted directly from your paycheck.
• Wire Transfers are available with your savings account.
• If an account is closed within the first six months of opening it, a $15 fee will be assessed.

If you have any other questions about regular savings accounts at Hutcheson FCU, contact us.