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VIRTUAL
BRANCH

Savings

Start right by paying yourself instead of paying everyone else.


    Regular Savings

    Make The Future Happen.

    A Regular Savings account is part of every members’ ownership in CBI Federal Credit Union. This membership account grants you ownership and voting privileges. How you use your account will make all the differences in the long run. One of the hardest parts about saving money isn’t taking the step to set it aside, it’s not dipping into it once it’s there.

    With your money in a savings account at CBI Federal Credit Union, your money grows safely, building interest (dividends) until you need it. Our members’ deposits are federally insured, backed by the full faith and credit of the U.S. Government, up to at least $250,000 per account plus an added $250,000 per IRA.

    Regular Savings Account details:

    • $25.00 to open (required to become a member).
    • Our regular share savings account pays dividends on average daily balances of $50.00 and over.
    • This account is accessible through Virtual Branch, Audio Response, or your cuCheck Card.

    Tips to help your savings grow:

    • Set up automatic transfers with every paycheck or once a month
    • Make deposits through many means of electronic funds transfers, via mail or in person at either our office or through one of our shared branches… no need to mail in checks.
    • Ask that your cuCheck Card not be able to access your savings.

    Enroll Online With Our Virtual Branch Application

    For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.

    Special Savings

    A great way to save is through a Secondary Special Savings Account.

    With CBI FCU, you can create a cash reserve to help you prepare for the future. You can keep your savings goals separate from your Primary Savings. We offer this separate savings account that pays the same dividend as our regular savings but is not accessible through your cuCheck card. Special savings accounts carry no minimum balance requirement. This can be designated for whatever you choose.

    • Vacation
    • Wedding
    • Education
    • Saving for a new car
    • Property Taxes

    All deposits are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the United States Government.

    Enroll Online With Our Virtual Branch Application

    For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.

    Holiday Club

    CBI Federal Credit Union makes it easy to invest a little each month and create big savings for happy holidays or dream vacations.  By limiting your access to these funds you can help yourself stay on track to build up a dedicated nest egg for the holidays.

    Holiday Savings Account details:

    • This account earns a higher rate of interest than our regular and special savings.
    • Holiday savings runs from November 1 through October 31st each year. On November 1st, your Holiday Savings Funds will be automatically transferred to your Share Savings Account or Checking Account. If you prefer, a check for the amount can be mailed to you. This dividend bearing account requires a $50.00 minimum balance to earn dividends.
    • A small penalty is imposed on early withdrawals.

    If you would like to open a Holiday Savings Account or would like more information contact us at inquiries@cbifcu.org or call us at 800-699-5417.

    christmas-club

    52-week-savings-plan

    Try our 52 Week Money challenge savings plan!  This is a great way to start.

    Enroll Online With Our Virtual Branch Application

    For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.

    Money Market

    It pays to save with CBI FCU!

    Money Market accounts give you the higher rates without tying up your funds. Unlike a certificate which locks in your money for a set period of time, you have full access to your funds when you need them. You can also make deposits and withdrawals. This type of liquid account is ideal for earning higher dividends while offering availability for any emergency needs that might arise. You can even set up an automatic transfer to go into your Money Market Account.

    Many people choose a Money Market for the higher dividends combined with the availability of funds in an emergency without penalties. Money Market Accounts can be opened with as little as $25.00. With three different rate tiers earning competitive rates, you can choose the one that best fits your current needs.

    MONEY MARKET TIERS

    • Tier One: Up to $4,999.99
    • Tier Two: $5,000 - $9,999.99
    • Tier Three: $10,000 - $24,999.99
    • Tier Four: $25,000 - $49,999.99
    • Tier Five: $50,000 - $99,999.99
    • Tier Six: $100,000 and over

    FEATURES

    • No minimum balance to earn interest
    • Earn Dividends: Rates vary depending on the tier you choose. Dividends are paid monthly and are calculated on the average daily balance of the account. The rate may change if the balance drops below the minimum balance or a rate tier threshold.
    • Unlimited Deposits: Make as many deposits as you like: weekly, biweekly, monthly or once in a while, whatever fits your budget.
    • Easy Access to your funds: Check your balances, transfer funds, and make withdrawals at any Shared Branch or online.
    • Secure: CBI FCU money market accounts are insured by the National Credit Union Administration (NCUA)

    TRANSFERS/WITHDRAWALS

    Under Regulation D, financial institutions are required to limit the following transactions to six (6) per month per account. *

    • Electronic funds transfers/automatic transfers (EFT/ACH)
    • Virtual Branch transfers
    • Telephone transfers

    If you are ever in a financial pinch, use this Money Market Account to cover expenses instead of piling up credit card debt. We’re happy to help CBI FCU members find the right fit with our Money Market Account.

    For more information on this type of account, call us at 815-439-6676

    *During any month you may not make more than six (6) withdrawals or transfers from this account. Withdrawals or transfers include but are not limited to: automatic transfer; by check or ACH. If you exceed the transfer limitations set above in any statement period, your account will result in a $10 transaction fee per occurrence.

      Enroll Online With Our Virtual Branch Application

      For the best experience, use the most recent versions available for browsers such as Mozilla Firefox, Microsoft Edge, Microsoft Internet Explorer 11 or Google Chrome. Members that try to log in without a compatible browser might be redirected to a website to download a new version of the browser.