Product Overview

Spectrum Credit Union (Spectrum) offers high-yield Member Savings accounts, Money Market accounts, Share Certificate accounts, and Individual Retirement Accounts (IRAs). All accounts are Federally-insured up to $250,000 (IRAs up to $250,000) by the National Credit Union Share Insurance Fund (NCUSIF).

Ownership of accounts may be established individually or jointly, as custodial accounts, or under the Uniform Transfers to Minors Act (UTMA). Dividends on all Spectrum investments are compounded daily.

 

	Regular Savings/IRA	Checking	MarketEdge	Share and IRA Certificates
Minimum to open account	$25	$25	opening balance	$500
Minimum to maintain account	$25	none	none	opening balance
Minimum to earn dividends	$25	$500	any balance	opening balance (penalty for early withdrawal)
Higher yields for larger deposits	no	no	*Under $2,500 earns minimum rate *$2,500 and up earns base rate	*Under $50,000 earns base rate *$50,000-$99,999.99 earns base rate+ *$100,000 and up earns base rate+
Frequency of dividends	monthly	monthly	monthly	monthly

*Dividends earned on ENTIRE balance each day it was within stated tier 

   How to make deposits:

• Direct deposit all or part of your paycheck.
• Direct deposit government checks, such as Social Security check.
• Electronic funds transfer (EFT).
• Through Spectrum ATMs, CO-OP ATMs, and Shared Branch/CU Service Center locations.
• Wire transfer.
• In person at our branches, by mail, and at any Spectrum branch drop box.
• Online using eDeposit. Log in to PC Access and click on eDeposit. Scan in the front and back of your check (or upload check images), and print your receipt. Click here for a list of eDeposit FAQs.
• With your iPhone or Android camera using Mobile Deposit. Download Spectrum's Mobile Banking app and select Check Deposit.

Master Account Agreement and Disclosure (PDF)
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