Savings Accounts
It's easy to establish your membership with Pacific NW Federal Credit Union. Just open and maintain a $5 balance Savings account. Once you join the Credit Union, you're a member for life, as long as you keep your account active - even if you move, change jobs or retire. If you're interested in setting up a Savings Account, please call 1.800.444.5858, or visit your local branch.
Features include:
- $5 minimum balance to open and maintain membership
- No monthly service fees
- Dividends compounded and paid monthly
With the current media coverage on troubled banks, you may be wondering if your accounts are secure at the credit union. The short answer is, yes!
Not only is our credit union sound and stable, every credit union in Oregon is federally insured by a fund that is backed by the full faith and credit of the U.S. government. The National Credit Union Share Insurance Fund (NCUSIF) insures accounts to $250,000 per account (with additional coverage of up to $250,000 for certain retirement accounts), just as the FDIC does for banks. For more information on federal share insurance click here.
Update 7/22/2010: President Barack Obama yesterday signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. Included in this sweeping legislation are provisions making permanent the current $250,000 maximum federal deposit insurance level, which had been temporary until December 31, 2013.
Click here to print our rates and disclosures. Click here to review our service charges.
Discover the Benefits of Privilege Plus
Are you 50+ or retired? We have a savings account that is loaded with benefits, all for just $8 a year! Privilege Plus membership includes:
- Free Travelers Cheques
- 3 free money orders per month
- 3 free cashiers checks per month
- 3 free non-PNWFCU ATM transactions per month*
- 1 free wire per month
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1 free box of basic checks per year (with a checking account)
* All members may pay a surcharge by the ATM proprietor when they use a non-PNWFCU or non-CO-OP ATM.
Download a Privilege Plus Application
Get More with brass
At PNWFCU, we want to help young adults build financial security. We don't stop with just a savings and checking account. We have an online resource, brass, which features articles on relevant topics that are updated frequently on topics such as the benefits of buying a home vs. renting, or how to find a good deal on a car. We also offer products to help you get ahead, such as:
- .25% discount on first car loan with checking account and auto pay
- First box of collegiate (or image) checks free & debit card free with checking account
- Edge Visa
- College scholarships
Save Time and Money with Direct Deposit
There is no need to go to the branch to deposit your paycheck! Have all or a portion of your paycheck deposited directly into your savings or checking account. To start direct deposit, give your company's payroll our routing number, 323075754, and your six-digit member number, or call our member service representative.
Earn More for Your Money
If you are interested in a savings account with higher dividend rates, our money market account might be the thing for you. It has more flexibility than a certificate account, and pays higher dividends than our regular savings accounts.
We also sell and redeem government issued EE and I Savings Bonds at all of our branches. Click here if you would like to learn more about savings bonds.
Click here for savings calculator
