Savings Accounts

Think there’s only one type of savings account you can open? Think again. We have options that will help you save the way you want to save, depending on what your financial goals are. Our goal is to help you find the right product for your needs.

Regulation D (Reg D)

Regulation D is a federal law that limits the number of transfers and withdrawals that can be made from an interest bearing account (Savings, Money Market) to a Checking Account or to a third party. Reg D imposes a limit of six transfers or withdrawals, or a combination of such transfers and withdrawals, to another account at the same credit union or to a third party during a calendar month or statement cycle by means of the following types of transactions:

• Preauthorized or automatic withdrawals
• Telephone transfers
• Transfers initiated by personal computer
• Withdrawals by check, debit card, or similar order