SM Federal

Savings & Investments | Current Savings Rates

Share account

Our basic share account is a great way to save your hard earned money. Unlike other share accounts, we offer at tiered interest rate automatically. You don't need to transfer your money into a higher earning account after you have reached a certain dollar, we do it for you without changing your account. Your interest is calculated on a daily balance and posted to your account at the beginning of each quarter at which time we send our statements to keep you informed of your account status.

Christmas Club

Our Christmas Club makes it so easy to save money throughout the year for holiday expenses. It is an interest bearing account and interest is posted quarterly. To make it even easier to save, try having payroll deduction and send the money directly to your club account.

Individual Retirement Accounts

Start planning for your retirement today by opening an IRA account at SM Federal Credit Union. With outstanding rates and funds that grow tax deferred year after year, an IRA account is an important part of your long-term savings portfolio. A Traditional IRA offers tax-deferred earnings and the possibility of tax deductible contributions. A Roth IRA is funded by non-deductible contributions but gives owners the opportunity for tax-free withdrawals.

Certificates of Deposit

Looking for a more conservative investment for your savings, how about one of our certificates of deposit?  We offer terms from 6 month to 4 years at very competitive rates.  Refer to rates and fee section for current rates available.  If you would like to transfer funds from your share account to open a cd, just call our office or send us an email and we will get it taken care of or stop by our office.

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