Savings Accounts

Financial freedom and peace of mind begins with personal savings. At AFL-CIO Employees Federal Credit Union, our purpose is to help you achieve your savings goals for the future.

Share Savings Insurance
The share insurance at AFL-CIO Employees Financial is similar to deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC).

Share accounts in federally insured credit unions are insured up to $250,000, an amount equal to the insurance protection offered by the FDIC. Generally, if a credit union member has more than one account in the same insured credit union, those accounts are added together and are insured up to $250,000 (including checking).

There are exceptions, however. If a member has a regular share account and an Individual Retirement Account in the same credit union, each account is insured up to $250,000.

The NCUA Insurance booklet gives a more detailed explanation of insurance coverage.

Savings Account Options
Regular Share Accounts — Open your savings share account with just $5 and you're on your way to experiencing the finest of credit union services. Click here for a membership form.

Holiday Club — Save for the holidays effortlessly. By putting a small amount in your club account on a regular basis, you’ll have a tidy sum by the time the holiday season arrives. We’ll mail a check to you or transfer your funds into your Regular Share Savings account in early November.

Money Market Accounts — Get the freedom, flexibility, and security you desire with the access you need. Write yourself a check or transfer the funds when you need them, and get a competitive market rate that increases as your balance increases. A $2,500 minimum deposit and a three-withdrawal per month restriction apply.

Certificates of Deposit — CDs are one of the most popular high-yield investments; they offer a low-risk, stable, federally-insured savings option with a competitive rate of return. We offer both Regular Certificate and IRA Certificate accounts for terms ranging from 6 to 60 months, with a minimum $1,000 deposit. You’ll receive a competitive rate that is guaranteed throughout the term, and you’ll begin earning dividends from the day of deposit. For a higher rate, look into our Membership Rewards program.

IRA Accounts — Whether you are considering a Traditional, Roth, or Education IRA, your credit union is your source for competitive IRAs. All you have to do is select an IRA to meet your needs!