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Regular Savings Account - Every member/owner of St. Louis Postal has a Regular Savings Account. The minimum balance to open this account is $1. To be a member and maintain accounts at SLPCU, you must purchase a $1 share in the credit union and maintain that $1 balance in your account. Members can have regular deposits made through payroll deduction.
Certificate of Deposit (CD) - SLPCU wants to help you get the most for your money, while at the same time providing you with a safe and secure insured investment.
- 3 to 84 month terms
- $1,000 minimum balance requirement to open
- Interest posted monthly or quarterly
- A check can be sent to your home monthly or quarterly
- Or the interest can be compounded until the end of the certificate term
- IRA CDs are also available (10-basis-point premium over regular CDs)
Throughout different times of the year, the credit union will run periodic specials on Certificates of Deposit with various rates and terms.
Investment Builder Certificate (IBC) - If you don't want to put a $1,000 aside at one time, but would like to start a CD, this is the investment for you.
- 12 month term
- $100 minimum balance requirement to open
- Unlimited deposits, $10 minimum
- Earns an even higher interest rate through payroll deduction
Individual Retirement Account (IRA Savings) - A St. Louis Postal Credit Union IRA Account is the perfect way to set aside funds while you earn a high rate of interest. Choose between a Traditional IRA, a Roth IRA, or a Coverdell Education Savings Account.
- Deposits by payroll deduction available
- Interest posted quarterly
- Additional $100,000 in NCUA insurance coverage
- Contributions may be tax deductible; consult your tax advisor
- Minimal annual fee
- IRA CD's available with terms from 12 - 84 months
Money Market Account - The Money Market Account provides you with a competitive tiered interest rate structure, so the more money you have on deposit, the more interest you will earn. The Money Market Account is an ideal means of investment for those individuals seeking to combine transaction flexibility with a higher rate of return.
- $2,000 minimum balance required
- Unlimited deposits
- Interest posted monthly
- Direct deposit available
- ATM access
- FREE personalized checks
- Three checks FREE per month
- Six withdrawals FREE per month
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