Peninsula Federal Credit Union Savings

Open a Savings Account!

A Savings Account with Peninsula Federal Credit Union is a great way to save, earn dividends, and keep your savings insured. The minimum deposit for a new account is $5. This $5 holds your own share in the Credit Union. Apply online or stop into one of our branches to get started-- no appointment necessary!

Prime Shares Account

Your Savings Account or, Prime Shares Account, officially establishes your membership at the Credit Union. This account is where your savings funds, as well as your $5 share in the Credit Union will be held while your account is open.

Special Savings Accounts

Under your Prime Shares Account, you can open Special Shares accounts. These are also known as Sub Accounts. You can open and "nickname" up to 10 Sub Accounts. These can be helpful with budgeting and organizing your money, all while continuing to earn dividends!

Business Savings Accounts

A business account qualifies for membership the same way an individual does. Documentation is required to open business accounts. Call or stop into any branch to find out the documents that are needed to open an account for your business.

Your savings in the Credit Union is insured up to $250,000 by the National Credit Union Administration (NCUA) along with Excess Share Insurance (ESI) which covers an additional $1,000,000. Excludes Business and Organization Accounts.

IRAs (Individual Retirement Accounts)

We have multiple IRA options:

Coverdell ESA (Education IRA)
Traditional IRA
Roth IRA
HSA (Health Savings Account)

Early withdrawal penalties do apply.

Certificates

We have a variety of different Certificate options. Members can purchase Certificates through their online banking or at any one of our branches. Early withdrawal penalties do apply.

Share Certificates

The lowest term available is 4 months with a $400 minimum deposit. From there, we have options between 6 Months to 60 Months with $1000 minimum deposit.

Youth Certificates

Youth certificates are a great way to help your kids get a head start on saving. With a low minimum deposit of $100, there are options for 6 months and 12 months.

Jump Rate Certificates

With our Jump Rate Certificate, you no longer have to worry about being locked into an old rate! Jump Rate Certificates allow you to opt into a new rate once per term, if the Credit Union's rates increase. Terms are available between 12 Months and 60 Months with a minimum of $1,000. Members can jump their rate once per certificate term through their online banking, mobile app, or by contacting the Credit Union.

Save to Win Certificate

Save to Win is a 12 month term certificate that has a low minimum deposit of $25. Members can open a Save to Win Certificate through online banking or on the mobile app. This is a great starter certificate that provides you with chances to win every month! It can also be a great way to save for a trip or special holidays.

Click here for more information

IRA Certificates

IRA Certificates are also available with terms ranging from 4 months to 60 months. These allow for members to earn more on their IRA funds without having to withdraw from their IRA. The minimum deposits are the same as Share Certificates. To open, an IRA Certificate you can call or stop into any of our branches.

Check out our rates here

Money Market Accounts

Earn a Higher Dividend With Your Savings!

Our Money Market Accounts help you earn more dividends, while still having flexible access to your money. The dividend rate is based on existing market conditions and is compounded daily.

A minimum daily balance of $2,500.00 must be in the account to avoid a low balance fee. Fees may cause loss of principal balance.

Stop in or call any of our branches for more information.

Insurance Coverage

Peninsula FCU cares about your financial well-being. We take pride in offering our members our added insurance coverage.

Excess Share Insurance

Excess Share Insurance (ESI) is exclusive to Credit Unions. Peninsula FCU is currently the only Credit Union in the U.P. that is offering this protection.

ESI insures up to $1,000,000.

*Excludes business and organization accounts.

National Credit Union Administration

The National Credit Union Administration (NCUA) is exclusive to Credit Unions. Peninsula FCU is insured by the NCUA and offers this protection.

NCUA insures up to $250,000.

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