SAVINGS & CHECKING
CHECKING ACCOUNTS
Free Plus Checking
- Minimum Initial Deposit: $50.00
- Monthly Service Fee: Free
- Minimum Balance to Earn Dividends: $10,000.00
- Courtesy Pay
- Overdraft Protection
- Bonuses: 25% Savings on Safe Deposit Box
- eStatements, Online Banking & Bill Pay Required
Basic Checking
- Minimum Initial Deposit: $50.00
- Minimum Balance Fee: $5***
- Minimum Balance to Earn Dividends: N/A
- Courtesy Pay
- Overdraft Protection: N/A
- Bonuses: N/A
Diamond Club Checking
- Minimum Initial Deposit: $1500.00
- Minimum Balance Fee: $10****
- Minimum Balance to Earn Dividends: $2500.00
- Courtesy Pay: N/A
- Overdraft Protection
- Bonuses: Free Coin Verification
- Overdraft Transfer Protection
- 50% Savings on Safe Deposit Box
- Free box of checks per year (1)
Business Checking
- Minimum Initial Deposit: $200.00
- Minimum Balance Fee: $15.00†
- Minimum Balance to Earn Dividends: $1,000.00
FREE PLUS CHECKING RATES
(Rates based on average daily balance) | Minimum Deposit: $50.00
| Balance of Earn Dividends | Dividend Rate |
APY* |
| Tier 1 $50.00-9,999.99 | 0.00% | 0.00% |
| Tier II $10,000.00-24,999.99 | 0.15% | 0.15% |
| Tier III $25,000.00- 99,999.99 | 0.20% | 0.20% |
| Tier IV $100,000.00 and greater | 0.25% | 0.25% |
BASIC CHECKING
Minimum Deposit: $50.00***
DIAMOND CLUB CHECKING
(Rates based on average daily balance) | Minimum Deposit: $1,500****
| Balance of Earn Dividends | Dividend Rate |
APY* |
| Tier 1 $2,500.00-24,999.99 | 0.15% | 0.15% |
| Tier II $25,000.00-49,999.99 | 0.25% | 0.25% |
| Tier III $50,000.00- 99,999.99 | 0.30% | 0.30% |
| Tier IV $100,000.00 and greater | 0.35% | 0.35% |
BUSINESS CHECKING
(Rates based on average daily balance) | Minimum Deposit: $200
| Balance of Earn Dividends | Dividend Rate |
APY* |
| $1,000.00 | 0.10% | 0.10% |
†Minimum balance of $5,000.00 required to avoid a $15.00 service charge.
* APY – Annual Percentage Yield. Minimum average daily balance required to obtain the APY for the dividend period.
*** – Minimum Balance of $500 to avoid $5 Minimum Balance Fee.
**** – Minimum Balance of $1,500 to avoid $10 Minimum Balance Fee.
The Board of Directors, as required by law, reviewed and set the rates to be paid on the following accounts effective December 21, 2024. Rates are subject to change without prior notice. For further information regarding applicable fees and terms, contact an employee at any Security First Credit Union Office.
SAVINGS ACCOUNTS
Ready to save? Security First Credit Union has several savings products to match your needs and future goals.
Regular Share Savings
- Establishes your membership with SFCU
- Minimum deposit to open: $5.00
- Minimum monthly balance to earn dividends: $100.00
- Set up direct deposit for continued savings
- Link to your SFCU checking account for Overdraft Protection
- TUTMA (21 years and younger) and Joint Minor (18 years and younger) style types available.
- Dividends paid on a tiered balance method on the average daily balance
- Quarterly Statements
Young Member Club
- Minimum deposit to open: $1.00
- Minimum balance to earn dividends: $1.00
- TUTMA (21 years and younger) and Joint Minor (18 years and younger) style types available.
- Sign up for our FREE Kids Club (available for ages 5 to 12)
- Quarterly Statements
Money Management Account
- Minimum deposit to open: $2,500.00
- Minimum balance to earn dividends: $2,500.00
- Link to your SFCU checking account for Overdraft Protection.
- Dividends paid on a tiered balance method on the average daily balance
- Quarterly Statements
Individual Retirement Club Account
- Minimum deposit to open: $50.00
- IRA Share accounts available in Traditional, Roth, and Coverdell
- IRA rules apply to this account for withdrawals and contributions
- Dividends paid monthly on an average daily balance.
Holiday Club Savings Account
- Minimum deposit to open: $10.00
- Funds in the account are automatically sent to the account holder on November 1st.
- Any withdraws done during the year will be assessed a $10.00 fee.
- Dividends paid monthly on an average daily balance.
- Quarterly Statements
Give us a call or stop in to one of our Branch Locations to learn more about how we can help you save! 956-661-4000
SHARE SAVINGS
(Rates based on average daily balance)
| Type of Account |
Minimum Deposit |
Balance of Earn Dividends |
Dividend Rate |
APY* |
| Regular Share Account | $5.00 | $100.00 and greater | 0.25% | 0.25% |
| Young Member Account | $1.00 | $1.00 and greater | 0.30% | 0.30% |
| IRA Club Account | $50.00 | $50.00 and greater | 0.35% | 0.35% |
| Holiday Club Account | $10.00 | $10.00 and greater | 0.15% | 0.15% |
| Business Savings | $5.00 | $50.00 and greater | 0.15% | 0.15% |
MONEY MANAGEMENT
(Rates based on average daily balance)
| Balance of Earn Dividends | Dividend Rate |
APY* |
| Tier 1 $2,500.00-24,999.99 | 0.15% | 0.15% |
| Tier II $25,000.00-49,999.99 | 0.25% | 0.25% |
| Tier III $50,000.00- 99,999.99 | 0.30% | 0.30% |
| Tier IV $100,000.00 and greater | 0.35% | 0.35% |
The Board of Directors, as required by law, reviewed and set the rates to be paid on the following accounts effective December 21, 2024. Rates are subject to change without prior notice. For further information regarding applicable fees and terms, contact an employee at any Security First Credit Union Office.
*APY – Annual Percentage Yield. Minimum average daily balance required to obtain the APY for the dividend period.
Your Security First Credit Union deposits are insured by the NCUA.
The National Credit Union Administration, a US Government agency, insures SFCU deposits up to $250,000, per individual depositor.
Learn more about how your accounts are federally insured – click here
SHARE CERTIFICATES
Don’t miss it! Grab these special racing Share Certificate rates before they’re gone!
Take advantage of our Special 6 Months, 12 Months, and 24 Months Term specials on share certificates of deposit today! Minimum deposit of $500 required.†
Ready to save? Security First Credit Union has several savings products to match your needs and future goals
TERM SHARE CERTIFICATES
Minimum Balance: $500.00
| Term | $500 – $999.99 DIV |
$500 – $999.99 APY | $1,000 – $24,999.99 DIV |
$1,000 – $24,999.99 APY |
$25,000 – $49,999.99 DIV |
$25,000 – $49,999.99 APY |
$50,000 – $99,999.99 DIV | $50,000 – $99,999.99 APY |
$100k – and greater DIV |
$100k – and greater9 APY |
| 6 Months† | 2.00% | 2.02% | 2.00% | 2.02% | 2.00% | 2.02% | 2.00% | 2.02% | 2.00% | 2.02% |
| 6 Months | 1.30% | 1.31% | 1.30% | 1.31% | 1.40% | 1.41% | 1.45% | 1.46% | 1.50% | 1.51% |
| 12 Months† | 3.93% | 4.00% | 3.93% | 4.00% | 3.93% | 4.00% | 3.93% | 4.00% | 3.93% | 4.00% |
| 12 Months | 1.30% | 1.31% | 2.40% | 2.43% | 2.45% | 2.48% | 2.55% | 2.58% | 2.65% | 2.69% |
| 15 Months | 2.55% | 2.58% | 2.60% | 2.63% | 2.70% | 2.74% | ||||
| 18 Months | 1.85% | 1.87% | 2.40% | 2.43% | 2.60% | 2.63% | 2.65% | 2.69% | 2.75% | 2.79% |
| 24 Months† | 3.69% | 3.75% | 3.69% | 3.75% | 3.69% | 3.75% | 3.69% | 3.75% | 3.69 | 3.75 |
| 24 Months | 1.95% | 1.97% | 2.80% | 2.84% | 2.85% | 2.89% | 3.05% | 3.10% | 3.10% | 3.15% |
| 31 Months | 3.15% | 3.20% | 3.20% | 3.25% | ||||||
| 36 Months | 2.00% | 2.02% | 2.85% | 2.89% | 3.00% | 3.05% | 3.20% | 3.25% | 3.30% | 3.35% |
| 37 Months | 2.05% | 2.07% | 2.90% | 2.94% | 3.05% | 3.10% | 3.25% | 3.30% | 3.40% | 3.46% |
| 43 Months | 2.10% | 2.12% | 2.95% | 2.99% | 3.10% | 3.15% | 3.30% | 3.35% | 3.45% | 3.51% |
| 48 Months | 2.15% | 2.17% | 3.00% | 3.05% | 3.20% | 3.25% | 3.35% | 3.41% | 3.50% | 3.56% |
| 60 Months | 2.20% | 2.22% | 3.05% | 3.10% | 3.25% | 3.30% | 3.40% | 3.46% | 3.55% | 3.61% |
| 84 Months | 3.10% | 3.15% | 3.30% | 3.35% | 3.45% | 3.51% | 3.60% | 3.67% |
Good as of 11/1/2024
TERM IRA SHARE CERTIFICATES
Minimum Balance: $1,000.00
| Term | $500 – $999.99 DIV |
$500 – $999.99 APY | $1,000 – $24,999.99 DIV |
$1,000 – $24,999.99 APY |
$25,000 – $49,999.99 DIV |
$25,000 – $49,999.99 APY |
$50,000 – $99,999.99 DIV | $50,000 – $99,999.99 APY |
$100k – and greater DIV |
$100k – and greater APY |
| 6 Months | 1.30% | 1.31% | 1.30% | 1.31% | 1.40% | 1.41% | 1.45% | 1.46% | 1.50% | 1.51% |
| 12 Months | 1.30% | 1.31% | 2.40% | 2.43% | 2.45% | 2.48% | 2.55% | 2.58% | 2.65% | 2.69% |
| 15 Months | 2.55% | 2.58% | 2.60% | 2.63% | 2.70% | 2.74% | ||||
| 18 Months | 1.85% | 1.87% | 2.40% | 2.43% | 2.60% | 2.63% | 2.65% | 2.69% | 2.75% | 2.79% |
| 24 Months | 1.95% | 1.97% | 2.80% | 2.84% | 2.85% | 2.89% | 3.05% | 3.10% | 3.10% | 3.15% |
| 31 Months | 3.15% | 3.20% | 3.20% | 3.25% | ||||||
| 36 Months | 2.00% | 2.02% | 2.85% | 2.89% | 3.00% | 3.05% | 3.20% | 3.25% | 3.30% | 3.35% |
| 37 Months | 2.05% | 2.07% | 2.90% | 2.94% | 3.05% | 3.10% | 3.25% | 3.30% | 3.40% | 3.46% |
| 43 Months | 2.10% | 2.12% | 2.95% | 2.99% | 3.10% | 3.15% | 3.30% | 3.35% | 3.45% | 3.51% |
| 48 Months | 2.15% | 2.17% | 3.00% | 3.05% | 3.20% | 3.25% | 3.35% | 3.41% | 3.50% | 3.56% |
| 60 Months | 2.20% | 2.22% | 3.05% | 3.10% | 3.25% | 3.30% | 3.40% | 3.46% | 3.55% | 3.61% |
| 84 Months | 3.10% | 3.15% | 3.30% | 3.35% | 3.45% | 3.51% | 3.60% | 3.67% |
Good as of 11/1/2024
Fees may reduce earning on accounts. Dividends compounded and credited monthly on all share accounts, share certificates, & IRA certificates. Early Withdrawal Penalty: We may impose a penalty if you withdraw any of the principal before the maturity date.
* APY – Annual Percentage Yield. Minimum average daily balance required to obtain the APY for the dividend period.
Share Certificate of Deposit Special Disclosure:
†Annual Percentage Yield. Terms, conditions, and restrictions may apply. APY is accurate as of November 1, 2024 and is subject to change at any time without notice. A $500 minimum deposit is required. Penalty for early withdrawal. Fees may reduce earnings on the account. This promotion does not apply to Individual Retirement Accounts (IRAs).
The Board of Directors, as required by law, reviewed and set the rates to be paid on the following accounts effective November 1, 2024. Rates are subject to change without prior notice. For further information regarding applicable fees and terms, contact an employee at any Security First Credit Union Office.
Your Security First Credit Union deposits are insured by the NCUA.
The National Credit Union Administration, a US Government agency, insures SFCU deposits up to $250,000, per individual depositor.
Learn more about how your accounts are federally insured – click here
IRAs
Traditional IRA
- Earnings are tax deferred until withdrawn.
- Regular contributions may be tax deductible.
- Contributions are subject to IRS limits.
- Most traditional IRA distributions are subject to income taxes.
- Distributions may be taken at any time and will be treated as regular income. (Non-qualified distributions may be subject to the 10% early withdrawal penalty).
- Can be used to rollover your eligible employer-sponsored retirement plan.
Roth IRA
- Earnings may be tax-free if the IRA is opened for five tax years and withdrawn for a qualified reason: Age 59 ½ , Disability, Death or first-time home purchase.
- Contributions are subject to IRS limits.
- No age limit for regular contributions.
- Distributions may be taken at any time and are tax and penalty free for a qualified withdrawal. (non-qualified distributions may be subject to the 10% early withdrawal penalty).
- Not required to take minimum distributions.
- Can be used to rollover your 401(k) from a previous employer.
Coverdell IRA Education Savings
- May be opened by a parent or guardian in the name of any child up to the age of 18.
- Annual contributions of up to $2,000 per child, not deductible.
- Withdrawal for qualified education expenses may be tax and penalty free.
CONTRIBUTION TYPES
REGULAR
A deposit into an IRA made by an owner meeting compensation, age and income qualifications for contributions.
TRANSFER
Money is being moved from one IRA to another IRA (same type) without the owner every having access to the funds.
ROLLOVER
Money from an IRA was paid to the owner and is now being moved to the same type IRA within 60 days of receipt. A rollover can be done once every 365 days.
DIRECT ROLLOVER
Money is being moved from an eligible employer-sponsored retirement plan to this IRA without the owned ever having access to the funds. It is best practice to consult with your employee plan administer and/or tax adviser before pursing this type of retirement account.
To learn more about Security First IRA’s please visit one of our branches or contact our Call Center at 956-661-4000.
For basic IRA account information, please click here.
Security First Credit Union also offers Term IRA Share Certificates. Learn more
