Savings

Whatever your savings goal, it begins with paying yourself first. What is most important to you? Tell one of our Relationship Managers about your savings goals, and we’d be happy to help get you started on reaching that goal.

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Regular Savings -- this account is sometimes called share savings because members are part-owners of the credit union, or have a “share” in the credit union. Every member starts with a share savings account and has the right to vote on credit union issues. A minimum deposit of $5.00 is needed to open a this account. (More Adult account options)

LUCKY SAVERS Accounts -- This is a special prize-linked account (ages 18 and older) that helps build savings while also giving you chances to win $5,000 quarterly prizes, plus monthly cash prizes.  (More details)

Regal Club -- an exclusive savings account to reward members age 50 and over who also maintain a minimum $1,000.00 balance in an ACMG account or have direct deposit. Some benefits include up to 2 free boxes of checks per year, additional ATM withdrawals and free financial planning services. It takes a minimum deposit of $5.00 to open a Regal savings account. (More Regal options)

Young Adults -- to help them be financially healthy, we're dedicated to providing education about the basics of saving and money management. Visit GreenPath, an online resource to learn about credit reports, budgeting, college loans and how to avoid debt . It takes a minimum deposit of $5.00 to open a young adult account.  (More Youth options)

Kids  --  our youngest members can learn the value of saving when you start them out with a Youth savings account. It takes a minimum deposit of $5.00 to open this account.  (More Youth Account options)

Health Savings Accounts (HSA) -- If you are covered under an HSA-eligible High Deductible Health Plan (HDHP), you can contribute to a Health Savings Account (HSA).  (Check with your insurance provider or employer to see if your health plan is HSA-eligible.) ACMG’s HSA account offers: no setup fee, no monthly or annual fees, balances that earn dividends, it’s fully portable, and a VISA debit card is provided for health expenses. Click to open an ebrochure.

Appreciation  -- we reward dedicated savers at the credit union who plan for the future.  Appreciation Account holders earn higher dividend rates than regular share accounts, enjoy liquidity of funds - deposit, withdraw & transfer funds without penalty*, and earn higher dividends on Share Certificates held with ACMG FCU**. To meet requirements, members must have a Share Draft/Checking Account, Direct Deposit to your ACMG account (same member number), and maintain a $2,500 minimum balance.

Special  -- are you saving for a vacation... a home improvement project...  a wedding... or simply need an emergency savings account?  No matter what your goal, a Special Savings Account can help. Think of it as an extra savings account that you can use as you see fit - no strings attached! It takes a minimum deposit of $5.00 to open a special savings account.

Holiday  -- prepare to make the holidays merrier when you save throughout the year. Members deposit funds into their Holiday Club Accounts & earn interest throughout the year. On October 1, accumulated funds are transferred into your regular savings account so you can begin your holiday shopping. Members who withdrawal funds early will pay a small fee (see current fee schedule). It takes a minimum deposit of $5.00 to open a holiday savings account.

Escrow -- don't dread the arrival of your tax and homeowner’s insurance bills, manage those expenses with an Escrow Account.  Access the funds at anytime and without penalty*** if used to pay homeowner insurance or school and property taxes. Funds used to pay these items must be withdrawn from the Escrow Account in the form of an Official Check and be made payable to the correct payee (i.e. Tax Agency or Insurance Company). It takes a minimum deposit of $5.00 to open an escrow savings account.

* Accounts that fall below the $2,500.00 minimum balance requirement will incur a monthly fee (see current fee schedule).  If the minimum balance is not maintained for three consecutive months, the account will be closed with remaining funds being moved to regular shares to avoid continuing fees.
** Members who have an Appreciation Account will earn a dividend rate on 24 and/or 36 month Share Certificates that is 1/4 percent higher than the current rate.
***Escrow Accounts incur a per instance withdrawal fee if not for tax or home owner insurance payment purposes.  See current fee schedule for details.



This credit union is federally insured by the National Credit Union Administration.
Questions on coverage? Try the Share Insurance Estimator.
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Main Branch: ACMG Federal Credit Union
1753 Milton Ave. Solvay NY 13209
(315) 488-4433 or (800) 634-9239

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