 |
This text is replaced by the Flash movie.
|
   |
|
Share/Savings |
Payroll Deduction |
ATMs |
Christmas Clubs |
Money Markets
Your savings account represents your share of ownership in Baptist Hospital Credit Union. In addition to our regular share/savings account, we offer:
A balance of $10 must be maintained to keep your share/savings account active.
Dividends are earned quarterly with a $100 minimum balance.
Save time and money through payroll deduction. At your request, your money or select amounts you specify are sent from your direct deposit to your accounts at BHCU. Payroll deduction can also be used for repayment of loans and deposits to money market accounts and investments.
Baptist Hospital Credit Union members can, without charge, access funds in their Share/Savings, Money Market,
and Share Draft/Checking accounts 24-hours a day by using these ATMs:
At other ATM locations: There is no charge for ATM transactions on a regular checking account.
ATM transactions on a BHCU EZ Checking account are $1.00 each
above 4 free per month.
Transactions on savings accounts are $1.00 each above 2 free per month.
Save money the easy way! Make contributions throughout the year and when the holiday shopping season nears, you will be ready!
Money Market accounts are maintained with a minimum of $500.
There are unlimited withdrawals and the account has no maturity date. Deposits may be made at any time. You may also write up to 3 checks a month from this account.
A Term Certificate requires a minimum deposit for a specified term. Interest is paid at maturity or can be paid monthly into a deposit account. Interest rates are based on local market conditions. Early withdrawals will incur a penalty, and this penalty is stated on the disclosure when the account is opened. See rates or contact BHCU.
The Traditional Individual Retirement Account (IRA) is a retirement savings account that allows you to deposit a portion of your income for retirement. You can contribute up to $5,000 annually or 100 percent of your yearly earnings, whichever is less. All or part of your contribution may be tax deductible, and earnings on the IRA are tax deferred until withdrawn.
The Roth IRA is an additional type of retirement savings account. Total combined contributions to Roth and Traditional IRA's or both for a given year cannot exceed your annual compensation or $5,000 per year, whichever is less. Contributions are not deductible, but you may withdraw tax and penalty-free the contributions you have made at any time. Earnings are tax-free if the account has been opened for five years and you are over the age 59½, disabled, or buying a first home.
Parents and other interested persons may be able to establish this IRA for a child under the age of 18. Contributions to the account will not be tax deductible, but the earnings will be tax free if used for qualified education expenses. Contributions are limited to $2,000 each year on the child's behalf.
The Baptist Hospital Credit Union has an accumulated savings account for each of the 3 IRA types. These accounts can accept payroll deduction contributions or lump sum contributions. Interest is paid quarterly on a minimum balance of $100.00. For a minimum balance of $4,000, Traditional and Roth IRA's may be invested in Term Certificates. Educational IRA's require a $2,000 minimum. Interest is paid at the certificate's maturity. Penalties are involved for early withdrawals.
We also offer a MEMBERS Financial Services Program that allows members to create a personal financial blueprint to follow to help achieve their financial objectives. This service is offered at no obligation and no charge. Free information on the following services is available:
|
  |
Baptist's Audio Response Teller 
|
||||
|
© Copyright 2010 Baptist Hospital Credit Union. All Rights Reserved. Site Created by: VolCorp Design. Read our Privacy Notice.
|
||||||
