"My money works for me." From kids to graduation, and starting her own
business, to becoming a motivational speaker, Consumers has been the perfect fit
for Theresa and her family. Theresa started her Home Health Care
business about ten years ago. She’s also a registered
nurse, motivational speaker, and busy mom of four.
"I’ve had some rough patches," she admits, "but
Consumers has always had my back financially."
When Theresa first walked into the West Main Office in 2002, she was just starting
her business. "I didn’t get the loan at the time, but I did get solid financial advice." After working with Consumers, the loans came, and so did a long–term relationship built on mutual
"It’s not just a bank where you put your money—you get advice
on how to have your money work for you," says Theresa. All her personal and business banking needs are met through Consumers. Today, her 18–year old son is away at college
and buying a duplex. He’s made investments. He’s light years ahead of others his age. "Consumers taught him about banking. If you don’t bank at Consumers, I’m sorry, you’re truly missing out."
– Theresa, joined 2002
Savings Options That Fit Your Needs
You can enjoy an unlimited number of savings accounts, each named for your special financial planning needs. The accounts are flexible and deposits can be made in person or electronically through direct deposit, Online Banking, or at an ATM.
A Christmas Savings Account is an easy way to save for holiday expenses, without having to rely on your credit card. You’ll earn a great rate, plus have less stress next holiday season. And, you’ll find direct deposit the most consistent way to save! Simply set a small amount aside to be deducted from your paycheck automatically. You’ll love having extra money for Christmas! To open a Christmas Savings account, call us at 800.991.2221 or click here.
You may select from a variety of Certificate of Deposit programs, all of which earn excellent rates. Terms range from 6 months to 5 years, with minimum opening deposits starting as low as $1,000. We also offer promotional CDs with special rates and terms. For a guaranteed return on your investment, consider a Consumers CD. Protected by NCUA insurance up to $250,000. Click here to view your NCUA insurance coverage.
With a money market account, you'll earn excellent rates plus enjoy the convenience of making unlimited deposits and withdrawals. Investment levels start at just $2,500. As your balance increases, so will your rate of return. There are no monthly fees and 24–hour access is available through Online Banking. Your funds are also federally insured by the NCUA to at least $250,000. Click here to view your NCUA insurance coverage.
A Money Market IRA from Consumers is a smart way to save for your retirement. The account can be opened with a small deposit, and added to via direct deposit. Dividends compound monthly and are tax-deferred until withdrawal. Once you’ve accumulated $1,000, you can move the investment to a traditional CD IRA.
CD IRAs earn great rates with just a $1,000 opening deposit. Terms range from 6 to 60 months. Funds in your Consumers Money Market or CD IRA are federally insured up to $250,000. Important tax benefits may also be available with your IRA. See your tax advisor for details.
Other programs include Roth and Educational IRAs.
Transaction limits very by accounts. There are "transactions accounts," such as checking accounts (share draft), that offer unlimited transactions. There are also "non-transaction accounts," such as share savings accounts and money market accounts. These accounts are intended to be used for fewer transations and transaction limits are placed on these accounts by federal law.
Federal Regulation D allows for up to six (6) automoatic or preauthorized transfers from "non-transaction accounts" per calendar month or statement cycle.
²APY = Annual Percentage Yield. Rates accurate as of Feb 2, 2015. Offer available for a limited time only on CDs with a minimum balance of $1,000 and maximum of $250,000. Maximum investment of $250,000 per household. Rates are subject to change at any time. Fees may reduce earnings and early withdrawal penalties may apply.