Accounts
Free CheckingShare Draft Accounts (Checking) Piedmont Credit Union offers a simple, free share draft account with many extra features that you would normally have to pay for. With easy online and telephone access, VISA Check Cards, and a Nationwide ATM Network Piedmont Credit Union is the clear choice for your checking account. It evens pays you dividends! For Free! Features...... keep reading... »
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Share SavingsRegular Share Savings is the most basic of credit union services. In fact it is required to become part of Piedmont Credit Union. The $25 minimum balance in this account represents your "share" or ownership of the credit union. This account must remain open as long as you wish to remain a credit union member. Features...
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Share CertificatesA Share Certificate is a term based account with a fixed interest rate. The term "Certificate of Deposit" or "CD" is often applied to it. This type of account guarantees a specific interest rate for a specific term such as 6 months, 12 months, or even as long as 5 years. Because of this and early withdrawal fees the interest rates on Share Certificates is much higher than that of a Regular Share Savings. Features...
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Christmas Club AccountsDo you go into debt every year to pay for all the expenses associated with the Holiday Season? Do you have a difficult time saving for Christmas or do you plan to purchase something really big and expensive next year? If this describes you then you might very well benefit from a Christmas Club. You may deposit to your Christmas Club little by little through Direct Deposit or Payroll Deduction. Or you can always deposit extra money to it too. You can change the automatically deposited amount at any time.... keep reading... |
Individual Retirement Accounts (IRA's)Planning for retirement is something that most of us only think about when it is too late to make much of a difference. A Roth or Traditional IRA are wonderful ways to save money to supplement your retirement. Piedmont Credit Union offers IRA Certificates. You should always consult a trusted tax advisor when making decisions about retirement. Typical use of a Piedmont Credit Union IRA... keep reading... |
Money Market AccountsThis type of account provides the easy access of a Regular Share Savings at a much higher savings rate. The minimum deposit for this account is $2,000. Funds are readily available and may be accessed at any time provided the balance will not fall below the minimum amount. |
Special Share SavingsThis account is almost exactly like a Regular Share Savings account. It gives members an option of having a second share savings that cannot be accessed by an ATM or Check Card. This account is good for short term savings that you expect to need access to more than a few times per year. |
Summer Club AccountsThis club account was created specifically for elementary, middle school, and high school teachers as a way to replace that missing paycheck during the Summer months. If a teacher or other school worker only works tem months out of the year and they do not get a paycheck for the months of July and August, the Summer Club allows them to save up money throughout the year so that two checks can be made from the account during the Summer. Half of the funds in the Summer Club are transferred in July and the other half in August. |
Vacation Club AccountsA Vacation Club is perhaps the most versatile club account of all. There is no date restriction on this type of account. So if you want to take vacations in Winter, Spring, Summer, or Fall the choice is yours. The only restriction is that there may be only two withdrawals per calendar year without a penalty. Vacation Clubs may be opened at any time of year. Of course what you do with your money is up to you, so you may use this account to save up for something besides vacations such as Taxes or Insurance premiums that you only pay at certain times of the year.<... keep reading... |
