Baycel FCU

Share Accounts (Regular and Special)

Begin your plan for success with a share account that is accessible while also earning high dividends. Each $25.00 deposited represents one share in ownership of the credit union. The larger your deposit, the more your account will earn. Minimum balance in this type of account is $25.00. Special savings are opened at the member's request and pay the same dividend rate as regular share accounts.

Share Draft Accounts (Checking)

With only a $50.00 minimum deposit to open the account, take advantage of the interest bearing "free checking" accounts that offers unlimited check writing, no minimum balance to maintain, and no monthly service fee.For your convenience, direct deposit information is available and a Visa ATM/Debit card may be ordered upon your request. This gives you access to your funds 24 hours a day from most ATM machines. Your check orders may also be placed online directly from your computer.

Share Certificates

When your savings have grown, or if you have an additional amount to invest, you may be ready to take advantage of a credit union share certificate. Minimum balance for this type of account is $2,500. Certificates are offered for 182 days, one-year, or two-year periods with dividends compounded quartely and added to the pricipal of the certificate quarterly and available at certificate maturity or may be available on a monthly basis.

IRA Accounts

A successful and enjoyable retirement requires the vision to plan for your future now. An Individual Retirement Account will help fulfill your vision of a happy retirement and help decrease your tax burden now. Every wage earner can establish an IRA with a minimum balance of $500.00 and deposit up to $3,500.00 yearly (or 100% of gross income if less than $3,500.00). Nonworking spouses may also contribute $3,500.00 yearly provided you are filing your income taxes jointly and together you had earned $7,000.00 jointly. Dividends are paid on a day in, day out basis and posted quarerly. We offer three types of IRA's: Traditional, Educational and Roth. Each type of IRA is unique and can be custom tailored to your needs. The Board of Directors declares the rate of your credit union IRA account quarterly. Since these accounts are not locked in certificates with set maturity dates, we require a 30-day written notice to withdraw funds.