Share Savings

To establish membership with Cherokee Strip Credit Union, an individual is required to open a share (savings) account, an account that earns dividends which are paid monthly and are computed on an “average daily balance” basis. Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government NCUA (National Credit Union Administration), a U.S. government agency.

Benefits:

  • $5 minimum deposit into a share savings account serves as your membership to open an account.
  • Receives quarterly statements (monthly if a member has a checking account or electronic transaction on their account.
  • Fee notifications by mail or email (if member has email address on file, they will receive email notifications)
  • Two free teller checks per month
  • Night deposits are normally posted Mon-Fri by 9:00 a.m.

 

Savings Rates - Effective Wednesday, March 27, 2024
APYMinimum
Deposit
Minimum
Balance
PRIME MONEY MARKET0.4%$2000$0
PRIME MONEY MARKET5.12%$2000$25000
PRIME MONEY MARKET5.12%$2000$100000
PRIME MONEY MARKET4.07%$2000$250000
PRIME MONEY MARKET3.56%$2000$500000
PRIME MONEY MARKET2.79%$2000$1000000
CHRISTMAS CLUB0.04% $0
SECONDARY SAVINGS0.04% $0