Savings Accounts

• Minimum balance^A - $5.00
• Unlimited withdrawals
• Online banking access
• Mobile banking/mobile check deposit^B
• SavvyMoney Credit Score^C
• Link as overdraft option
• Monthly fee - $0/month
• Rates

We've set members like you up for success by renaming our Seasonal Savings to “RISE Account” at the beginning of May 2024.

The account terms will stay the same, but we thought this was a great time to remind you that you can use this account to save for whatever matters most to you today, tomorrow, and way into your future.

• Minimum balance^A - $5.00
• Withdraw without penalty the first 10 days of each quarter^D
  Jan. 1-10, April 1-10, July 1-10, Oct. 1-10
• Online banking access
• Mobile banking/mobile check deposit^B
• SavvyMoney Credit Score^C
• Monthly fee - $0/month
• Rates

If under 18, a parent or guardian may need to be a joint or secondary account holder.

RISE Savings Accounts

• Minimum balance^A - $5.00
• Withdraw without penalty the first 10 days of each quarter^D
  Jan. 1-10, April 1-10, July 1-10, Oct. 1-10
• Online banking access
• Mobile banking/mobile check deposit^B
• Rates

Simplicity Credit Union offers these types of Individual Retirement Accounts.

Traditional IRA

• Tax deductible contributions. Available to anyone under age 70 1/2 with earned income compensation.

Roth IRA

• No age limit, but you must have earned income to contribute. Contributions are nondeductible, and may be withdrawn tax-free.

Coverdell Education Savings Account

• Contributions limited to $2000 per year per child. Offers the potential for tax-free withdrawals, including earnings.

IRA Account Savings

• Minimum deposit of $5, add to your account at any time.
• No administration fee
• Dividend rates may change quarterly
• Dividends compounded and paid quarterly
• No maturity period

Fixed Rate Share Certificates

• Minimum deposit of $250
• No administration fee
• Automatic renewal for same term at current rate
• Dividends compounded monthly for six month terms
• Dividends compounded quarterly for 12, 24, 36, 48, and 60 month terms
• NOTE: Substantial penalty for early withdrawal for fixed rate share certificates. 
• Rates

• ^A$25 minimum balance required to earn dividends, except RISE Savings which requires $5 minimum balance to earn dividends.
• ^BMobile Banking and Mobile Deposit terms and conditions apply.
• ^CEnrollment in online banking is required for use of SavvyMoney Credit Score.
• ^DEarly withdrawal penalties apply.
• No dividend is paid if an account is closed prior to the dividend pay date.  
• All rates are subject to change without notice at the discretion of Simplicity Credit Union. Please contact Simplicity for verification of current rates.
• Complete disclosures will be provided at your request or when you open your account. See terms and conditions for full account details. All information herein provided is subject to change.