Savings Plus!

A savings account is a great way to save money at a competitive interest rate, build your "rainy day" fund, or accumulate savings to purchase a higher-paying Money Market Plus account or Certificate of Deposit.  Features of the SharePlus Savings Plus! account include:

• $100 minimum to open
• Maintain a $500 daily balance to avoid a $6 per month fee
• Quarterly interest payments
• The option to make deposits through payroll deduction or direct deposit

**See "Other Limitations" on Savings Plus at bottom of this page.

Club Accounts

Start saving now for next year's holiday season or the vacation of a lifetime. With a Christmas Club or Vacation Club account, you can have funds automatically transferred to your club account(s) each month. You determine the amount to be deposited and when. It's easy and worry free! And you won't be short-changed when next year's holiday season or vacation rolls around.

• $100 minimum to open
• Deposits earn quarterly interest
• Competitive rates
• Deposits can be made through payroll deduction and direct deposit
• Automatic disbursements are made once per year in November (Christmas Club) and May (Vacation Club)

**See "Other Limitations" on Club Accounts at bottom of this page.

Click here to open your Savings Plus! or Club Account, visit your nearest branch, or call the Customer Service Center at 1-800-35BUCKS.

 

Youth Accounts

A SharePlus Youth Account will help young bank customers (up to age 18) to develop important money management skills. FREE of monthly service charge until age 18.  Requires only a $25 deposit to open.

 

Click here to open a Youth Account, visit your nearest branch, or call the Customer Service Center at 1-800-35BUCKS.

**See "Other Limitations" for Savings Accounts at bottom of this page.

A Certificate of Deposit offers a safe home and a high yield for your money. For the saver with $1,000 or more to invest, CD's offer market-competitive interest rates, and the safety of FDIC Insurance for your investments.

• Available in terms of varying lengths, from 3 months to 60 months
• Interest rates and minimum balances are dependant on how much you invest:
  • Regular CDs $1,000,
  • Mini-Jumbo CDs $50,000, and
  • Jumbo CDs $95,000
• Interest is paid monthly, quarterly, or at maturity
• You can direct your interest to be:
  • added to your certificate’s account balance, or
  • automatically transferred to your checking or savings account, or
  • mailed to your home

The Encore!CD offers 8, 12, 14, and 18 month terms, higher interest rates, and the option to bump-up the rate one time during the term. This provides the opportunity to take advantage of market rate increases.

• Regular Encore!CD - $5,000 minimum deposit, with 8-, 12-, 14-, and 18-month terms.
• Mini-Jumbo Encore!CD - $50,000 minimum deposit, with an 18-month term
• Jumbo Encore!CD - $95,000 minimum deposit, with an 18-month term

**See "Other Limitations" for CDs at bottom of this page.

 

Click here for detailed information and Q&A to help you select the IRA that's best for you.

Click here to open a Certificate of Deposit, visit your nearest branch, or call the Customer Service Center at 1-800-35BUCKS. Click here for Current CD Rates.

**See "Other Limitations" at bottom of this page.

Life Happens, We Can Help! Prepare for the unexpected by setting aside three to six months' living expenses. That way you'll avoid taking on new debt or raiding your investments if unexpected events cause a decrease in income. Keep your emergency fund money where it's readily accessible, such as in a Savings or Money Market Plus, and resist the temptation to dip into it for anything but true emergencies.

Emergency Fund Calculator

Use this Emergency Fund Calculator to see how much you need to set aside.


Savings Calculator
Click here to use our handy Savings Calculator.

Insurance

Keep your money safe at SharePlus Federal Bank!  The FDIC has temporarily increased its deposit insurance limits from $100,000 TO $250,000 per depositor through 12/31/09.  Learn how a family of four can structure the ownership of accounts to achieve insurance levels up to $3 million. Click here to learn more about FDIC Insurance. 

 

SharePlus is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.


Other limitations on SharePlus Accounts:

* Savings and Money Market Accounts are Federally Regulated, Limited Transaction Accounts: transfers and withdrawals by preauthorized, automatic telephone, wire or computer transfer are limited to six per statement cycle including check, draft, or debit card.  A REG D Excess Transaction Fee of $30 will be charged for each pre-authorized withdrawal, check, draft or debit card withdrawal in excess of six per statement cycle. Unlimited withdrawals in person from your branch.  Customers will be allowed three months of REG D Excess Transactions within a twelve month period.  Further violation will result in the closing of the account.

 

** CD Accounts - SharePlus Federal Bank may impose a penalty if you withdraw any of the principal before the maturity date. Encore!CDs: The bump up rate is available once during each term. The rate increase request will match our prevailing 8-, 12-, 14-, and 18-month Encore!CD rate available at that time. The new rate applies to the remaining term of your Encore!CD. A penalty will be imposed for early withdrawal. More CD terms and yields available upon request.