Savings

Savings (Membership)

“The doorway to all credit union services!"

A Membership Savings Account establishes your membership at East River Federal Credit Union. It also establishes your family’s eligibility to join. A Membership Savings Account works just like a regular savings account. This Savings Account represents your "ownership" in East River Federal Credit Union, and entitles you to voting privileges at our Annual Meeting.

  • A minimal deposit of $15.00 declares your membership.
  • Interest is paid monthly on the Average Daily Balance.
  • Quarterly statement with a Credit Union newsletter.
  • Federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

Becoming a Credit Union member and opening your account is easy! Simply complete a membership application today, apply online, request a new member packet via E-mail, or contact the Credit Union at (800) 667-6039 or (605) 256-8145.

Access your cash 24/7 with an East River FCU VISA® ATM Card!

You can even receive 24-hour access to your cash with an East River FCU VISA® ATM card. Enjoy unlimited, free access at more than 53,000 ATMs throughout your neighborhood and all across the country. Use your card at any ATM on the CO-OP or MoneyPass Networks and you’ll be guaranteed a surcharge-free transaction.

Special Savings

"Set aside savings for that rainy day!"

Saving for any special purpose is made easy with a Special Savings Account. This Savings Account is frequently used to make regular deposits for vacations, home improvements, taxes, unexpected medical expenses, etc.

  • No minimum balance is required to open and maintain a Special Savings Account.
  • Interest is paid monthly on the Average Daily Balance.
  • Quarterly statement.

Holiday Club

"Make your holidays more enjoyable by saving all year!"

The Holiday Club Account may be the perfect way for you to save for your holiday expenses. Through payroll deduction or other regular deposits, you will save systematically and painlessly. Holiday Club funds are automatically transferred to your membership savings account on the first Monday in November, allowing you plenty of time to shop for gifts or plan a winter vacation!

  • Holiday Club accounts may be opened at any time during the year.
  • No minimum balance is required to open and maintain the Holiday Club Account.
  • Interest is paid monthly on the Average Daily Balance.
  • Quarterly Statement.
  • Payroll deduction is an effortless, systematic way to save.
  • No monthly service fee is charged.
  • A $25.00 fee will be assessed for each early withdrawal prior to November 1st of each year.

Savings Rates