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Savings Accounts

At Prospectors we believe that your money should work as hard as you do.  That’s why our deposits earn competitive yields with all of our savings programs.  Deposits may be made in our office, by mail, payroll deduction, or electronically from other institutions within the Home and Mobile Banking platform.

Regular Share Savings

Regular Share Savings is your key to credit union membership. It’s convenient and pays a competitive rate of return.  Money Market and Hi-Yield Money Market earn higher dividends while leaving your cash accessible; low minimum opening deposit of $2,500.  Share Certificates earn higher dividend rates than our regular savings account and have terms ranging from 90 days to 60 months. Rates vary by term.

FREE Debit card or ATM card

We offer you two ways to access the cash in your account 24/7.  Accounts with only savings have access to  our CO-OP ATM card.  Accounts with checking and savings have access to our convenient VISA Debit card.   They are connected to an ever-growing national and international network of ATMs.  You can also use it to pay for goods and services – and get cash back at thousands of merchants.  You are able to use your VISA Debit card wherever the VISA logo is displayed.

Prospectors ‘Christmas Club’

Any time is a great time to start setting money aside for Holiday Shopping.  On or about October 15th each year,   we will transfer your ‘Christmas Club’ account to your regular Checking or Savings account just in time for Holiday Shopping sales.  By depositing just $25 per paycheck from January 1st through Oct. 15th (when the club accounts transfer), savers will have saved nearly $500 to begin their holiday shopping.

Miners Club

Many children want to spend money as soon as they get it.  Birthdays, Christmas, and other holidays are times when family and friends might give your children money as a gift.  Children also earn money through babysitting, yard work, house chores, and allowance.  How can you get your children to save more?  We have a plan!  Learning to just save, can become a habit of a lifetime.  Establishing a relationship with Prospectors can set the foundation for future financial services such as a debit card, discounted checking account, auto loan rates, and establishing a solid credit history.  So, why not help your child get started today with a Prospectors Miners Club account – now is the time to help build a good habit, one that will last for a lifetime. A Youth Savings account can be started with as little as a $25 minimum deposit.

Click the Join Prospectors link at the top of the page to start your child’s account today!

Home Buyers Club

Interested in saving for and buying a Home?  Prospectors offers its members an account that not only provides an accelerated savings plan, but also offers many other advantages that will help to prepare you for and save you money on a home purchase.

Follow this link for details on this savings plan and all the perks that will save you money on your home purchase.

IRA Savings

Whether it’s a Traditional, Roth or SEP IRA account, each has a long term tax benefit that will help you secure a better financial future. Traditional;  these accounts offer the possibility of tax deferment with earnings remaining sheltered from taxes until withdrawn. Contributions may be fully or partially tax-deductible, depending on your income level.  Roth; Also recently modified to allow more savings, these contributions are not tax deductible, but withdrawals and certain earnings provide a  tax-free source of funds after age 59 1/2, provided funds have been in the account for at least 5 years. SEP; A Simplified Employee Pension IRA, or SEP IRA, is a type of traditional IRA that lets self-employed people and small-business owners save toward retirement. But contribution rules mean these plans tend to be best for companies with few or no employees.

Follow this link for a quick overview of the types of plans designed to help you on the road to a successful retirement.

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