Savings Accounts

Your Savings Foundation

From childhood to retirement, your share savings account will always be with you. Perfect for starting out, building your nest egg, or for emergencies, a basic share savings account is the foundation for your credit union membership and your financial life.

• Share accounts earn dividends from the day of deposit to day of withdrawal.
• Dividends are declared and paid quarterly.
• Dividends are posted to the account the first day of the new quarter—January 1st, April 1st, July 1st, and October 1st.
• Dividend rate and APY may change every dividend period as determined by the Board of Directors.
• Minimum balance of $50.00 required after three months.

Tailor Your Savings Plan

Special savings accounts are the perfect way to put aside money you know you will need during the year. Budgeting and saving this way is easy and ensures you won’t be caught short when the time comes to pay for those gifts or make that vacation deposit. You can put away as little or as much as you can. The most important step is to get it started.

Name Your Savings

Focus on your special savings goal when you open a Name Your Savings Account. A $50.00 minimum balance in your primary Share Savings Account is required, with just $5.00 to a Name Your Savings Account.

Holiday Savings Account

Begin in November and close October 31 of the following year. Funds are automatically transferred to your Checking (or Savings) Account to be available for your holiday spending!

Vacation Savings Account

Begin in May and close April 30 of the following year.

• A small $5.00 deposit will open the account.
• Deposits can be automatically deducted from your paycheck bi-weekly.
• Dividends will be paid on the account using the same average daily balance method used on savings accounts.
• To help you save, no withdrawals are permitted.
• A $10.00 fee will be charged if account is closed before the end of the account period.
• Checks are mailed to members or funds can be deposited into your Priority Plus FCU savings or checking account. You can even pick them up at the branch if that’s more convenient for you!
• Vacation Savings Accounts funds released in May. Holiday Savings Accounts funds released in November.
• For your convenience, Special Savings Accounts automatically renew each year.

Savings Account Rates

Dividends declared as of dates listed.

Account	Min Bal to Earn Dividends	Dividend Rate	Declared†	APY*
Regular Share Savings	$5.00	0.25%	09/30/23	0.25%
Name Your Savings**	$5.00	0.25%	09/30/23	0.25%
Holiday Savings	$5.00	0.05%	10/31/23	0.05%
Vacation Savings	$5.00	0.01%	4/30/23	0.01%
*APY=Annual Percentage Yield. The dividend rate and the annual percentage yield may change after the account is open and each month thereafter. Dividends will be compounded every quarter for Saving (Share) Accounts and credited to your account every quarter. Federal regulations prohibit dividends in excess of available earnings. **Must have at least a $50.00 balance in your primary Share Savings Account to open a Name Your Savings Account. †Date dividend was last declared.

Accounts are federally insured by the National Credit Union Share Insurance Fund up to $250,000.00 per account.

Apply by Mail, Fax or In Person:

1. Print Membership Application (PDF) or Account Change Form to open a Holiday or Vacation Savings Account.
2. Complete and Sign
3. Mail, Fax or Visit:

Priority Plus Federal Credit Union
6 Lynam Street
Wilmington, DE 19804
302-633-6481 (fax)