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Progressions Credit Union
 

 

Savings & Investments

Savings accounts that help you invest in your financial goals.

We offer a variety of savings accounts to fit your needs. Accounts that will grow with you through all of life’s stages.

 

Basic Savings

  • Moderate dividends
  • No minimum balance

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Prime Savings

  • Made for larger savings account balances
  • Must be connected with a Prime Checking account
  • $25,000.00 minimum to open

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SmartMarket

  • Higher dividends
  • Money Market account
  • $2,000.00 minimum balance to earn dividends

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YES! Savings

  • Made for building savings habits
  • Higher dividends up to $2,000.00
  • Continue to earn dividends by depositing $25.00 every month
  • No minimum balance

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YES! Christmas

  • Higher dividends
  • Funds transfer into checking on October 15th
  • No minimum balance

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Smart Saver Round-Up

Grow your savings when you use your debit card. Smart Saver Round-Up can help you increase your savings by rounding up to the nearest dollar on every purchase you make with your debit card. Earn more with every swipe.

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Investment accounts that help you save for your future.

We offer a variety of investment accounts to fit your financial journey. Accounts that will grow with you through all of life’s stages.

 

Certificates

Progressions Credit Union offers Certificates, another great stable method of savings that allows you to lock in a fixed dividend rate.

  • Variety of rates and terms available*. Dividends can be paid to the certificate or transferred to your savings or checking account on a monthly basis.
  • Offer Step up and onPar – Certificate options to increase your potential earnings.

*Fees may reduce earnings and an early withdrawal penalty may apply. Visit our Deposit Account Rates page to learn more about minimum requirements and Truth in Savings Disclosures.

Rates

Retirement

Progressions Credit Union offers multiple options to help you save for retirement. It’s never too early to start saving for retirement.

  • Individual Retirement Account (IRA) may offer tax savings and higher dividends
  • Supplement a 401(k) or other employer-sponsored Retirement plans
  • Easy payments with payroll deductions and automatic payments (after set up)
  • Federally Insured by the NCUA (up to $250,000.00)

Limits could be lower based on your income and other restrictions may apply. Consult with a Tax Advisor for more information on the best option for you before opening or rolling over an account with us.

Rates

Certificates

Progressions Credit Union offers Certificates, another great stable method of savings that allows you to lock in a fixed dividend rate.

  • Variety of rates and terms available*. Dividends can be paid to the certificate or transferred to your savings or checking account on a monthly basis.
  • Offer Step up and onPar – Certificate options to increase your potential earnings.

*Fees may reduce earnings and an early withdrawal penalty may apply. Visit our Deposit Account Rates page to learn more about minimum requirements and Truth in Savings Disclosures.

Rates

Certificate Special

  • Special offering going on NOW
  • Earn 2.05% on $5,000.00 or more
  • 24-month term
  • Minimum to open $5,000.00

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Save to Win 

  • Rewards members for contributing to their own savings certificate account
  • Earn dividends on your investment
  • Enter to win money with each $25.00 deposit
  • 12-month period

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Retirement

Progressions Credit Union offers multiple options to help you save for retirement. It’s never too early to start saving for retirement.

  • Individual Retirement Account (IRA) may offer tax savings and higher dividends
  • Supplement a 401(k) or other employer-sponsored Retirement plans
  • Easy payments with payroll deductions and automatic payments (after set up)
  • Federally Insured by the NCUA (up to $250,000.00)

Limits could be lower based on your income and other restrictions may apply. Consult with a Tax Advisor for more information on the best option for you before opening or rolling over an account with us.

Rates

Certificate Special

  • Special offering going on NOW
  • Earn 2.05% on $5,000.00 or more
  • 24-month term
  • Minimum to open $5,000.00

Learn More

Save to Win 

  • Rewards members for contributing to their own savings certificate account
  • Earn dividends on your investment
  • Enter to win money with each $25.00 deposit
  • 12-month period

Learn More

Roth

  • Income restrictions apply to participate
  • Contribute up to $6,000.00 if you have an earned income
  • Or contribute up to $7,000.00 if you are  ages 50+
  • Lower limits are available based on income
  • Qualified tax-free distributions from Roth IRA’s occur if you own a Roth IRA for 5+ years and are ages 59 1/2+, disabled, a first-time homebuyer or deceased

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Traditional 

  • Contribute up to $6,000.00 if you have an earned income
  • Or contribute up to $7,000.00 if you are ages 50+
  • Lower limits are available based on income
  • Earnings are tax-deferred
  • Distributions allowed at age 59 1/2 with no IRS penalties
  • Required minimum distributions at age 72

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Traditional 

  • Contribute up to $6,000.00 if you have an earned income
  • Or contribute up to $7,000.00 if you are ages 50+
  • Lower limits are available based on income
  • Earnings are tax-deferred
  • Distributions allowed at age 59 1/2 with no IRS penalties
  • Required minimum distributions at age 72

Learn More

Roth

  • Income restrictions apply to participate
  • Contribute up to $6,000.00 if you have an earned income
  • Or contribute up to $7,000.00 if you are  ages 50+
  • Lower limits are available based on income
  • Qualified tax-free distributions from Roth IRA’s occur if you own a Roth IRA for 5+ years and are ages 59 1/2+, disabled, a first-time homebuyer or deceased

Learn More