Savings Accounts

Regular Share Accounts

Membership at BVFCU starts with a $5.00 deposit to a regular share account. This is your primary savings account, and allows you access to all other services offered by your credit union. Dividends are declared quarterly from earnings of the credit union. Dividends are calculated by the average daily balance method and are paid and compounded quarterly.

Deposits can be made in person, by mail, through direct deposit, or via TellerNet or 24 Hour Teller-Phone.

All deposits are federally insured by the National Credit Union Administration (NCUA), a U.S. Government Agency.

Christmas Club

BVFCU's Christmas Club accounts are continuous. A minimum deposit of $1.00 will open your account. Automatic transfer of balances is performed after September 30th dividends are posted. You can elect to have the funds transferred to your regular savings or checking account. This direct transfer feature eliminates the wait for check processing and makes Christmas shopping money available immediately. Dividends are declared and calculated the same as your regular share account.

Deposits can be made in person, by mail, through direct deposit, or via TellerNet or 24 Hour Teller-Phone.

Following the transfer on October 1st, withdrawals can be made in person, by mail, by writing a check, or at any ATM bearing the Visa logo with your BVFCU Check Card.

Vacation Club

Vacation club accounts earn dividends the same as your regular share account. There is no minimum deposit and your vacation club is continuous. You choose when to withdraw from this account.

Withdrawals can be made in person, by mail or transfer to your BVFCU checking account. You can then write a check or withdraw cash at any ATM bearing the Visa logo with your BVFCU Check Card.

Deposits can be made in person, by mail, through direct deposit, or via TellerNet or 24 Hour Teller-Phone.

IRA

BVFCU offers accumulative IRA accounts. There is no minimum deposit and dividends are calculated and paid the same as your regular share account.

There is no age limit to open an IRA; however, rules apply regarding the ability to make regular contributions.

A member must have earned income to contribute to an IRA. There is no minimum balance to open an IRA, and it can be done with a regular contribution or with a rollover/direct transfer.

Save what you want, when you want. All interest is tax deferred.

Deposits can be made in person, by mail, through direct deposit, or via TellerNet or 24 Hour Teller-Phone.

Share Certificates

Your credit union offers time-deposit accounts at very attractive rates and terms. A minimum of $500 will purchase share certificates with terms from 91 days to 36 months. Dividends are paid and compounded quarterly on 12 - 36 month certificates and paid at maturity on 91-day and 6-months certificates; you can choose monthly dividend payments on deposits of $5000 or more on 12 - 36 month certificates (excluding "special" term certificates). Check our Savings Rates. Share certificate rates are subject to change weekly and are posted in our branch lobbies and at this website every Tuesday.