Savings

Share Savings
81264769 A $5.00 deposit in a Share Savings account is required for membership at Northwoods Community Credit Union. Membership gives the primary owner on the account voting privileges. With a $100.00 minimum balance, dividends are paid monthly on the share savings account.   There is no minimum balance required to receive dividends if the account holder is under the age of 21. Click here to view our  share rates, and to open a share savings account, visit any NCCU office! click HERE to apply online click HERE to print an application     Calculate your savings Click HERE to learn about how your funds are insured
Club Savings
200331450-001 A “Club” account is just another savings account with a special name - Club Savings. Saving up for a special reason, like a vacation or a special holiday? Why not open a club savings account? You can easily keep track of the balance with online banking, mobile banking, or with 24-Hour Member Information Attendant (MIA). With the convenience of payroll deduction, a deposit can be made directly to your club account with every paycheck.   click HERE to apply online click HERE to print an application     Calculate your savings
Christmas Club
Fotolia_58904747_Subscription_XXL Start saving early for those holiday expenses with a Christmas Club account. Put money into your Christmas Club account with every paycheck using our Payroll Deduction program, or deposit as often as you like. With our great Christmas Club rates, your money will grow right before your eyes! Funds are transferred to your share savings account and are available for withdrawal on the first business day of October of each year.   You can adjust the allocation to the account anytime, simply contact us at your convenience.  There is a penalty for withdrawing funds early.
 
This is just an example of how quickly your savings can add up over a year with 26 paydays:
  • $5 each payday = $130
  • $10 each payday = $260
  • $20 each payday = $520
  • $50 each payday = $1,300
  click HERE to apply online click HERE to print an application
Tax and Insurance Club
Fotolia_59360157_Subscription_XL Tax time sneaking up on you? Are your insurance costs taking a bite out of your wallet? Save for tax and insurance expenses with a tax and insurance club account. It also works great with Payroll Deduction. click HERE to apply online click HERE to print an application Calculate your savings
Kangaroo Kids Club
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For our youngest members, ages 5 and under

    Kangaroo Kids Club members receive an immediate reward each time they make a deposit by picking our a prize from the goodie basket!  What a fun way to get in the habit of saving and making frequent deposits!  They also receive a piggy bank when their account is opened.  Drawing tickets are received with your deposit, for quarterly cash drawings.  All tickets are then entered in the the year end prize of a children's tablet. Stop in today to learn more about our Kangaroo Kids Club, and get started today!

Youth Accounts Brochure

Click Here to View Kangaroo Kids Club Program Disclosure Click Here for Official Rules of Kangaroo Kids Club Annual Prize Drawing     Share Certificate  .50 % Dividend Rate  .50% APY* 6 Month Term Minimum balance to earn the APY - $100.00 Must be a member of NCCU with $5.00 minimum in share account, and have a Kangaroo Kids  Club account.
  • Maximum Aggregate Investments per Club Member $1,000.00
  • The dividend  rates are subject to change without notice.
  • Dividends  compounded  semi-annually
  • Subject to penalty for early withdrawal
The *Annual Percentage Yield is accurate as of 12/10/18. The APY assumes reinvestment of principal and dividends for a 12-month period. This credit union is federally insured by the National Credit Union Administration. Membership eligibility required.
Junior Savers Club
Clip Art Graphic of a Flat Green Dollar Bill Cartoon Character  

For our members ages 6-12

      For every $5.00 that is deposited into their Junior Savers Account, they will receive 1 drawing ticket for drawings held during the year.    New this year are quarterly cash prizes! A winner will be drawn from our Ashland office and our Park Falls office.   These tickets will then be entered for a tablet drawing held on the first business day of 2020; this drawing will have one winner from all offices combined.  

Youth Accounts Brochure

Click Here to View Junior Savers Program Disclosure Click Here for Official Rules of Junior Savers Club Annual Prize Drawing

   

Share Certificate .50% Dividend Rate  .50% APY* 6 Month Term

Must be a member of NCCU with $5.00 minimum in share account, and have a Junior Savers account.
  • Minimum balance of $100.00 to earn .50% APY
  • Maximum Aggregate Investments per Club Member $1,000.00
  • The dividends rates are subject to change without notice.
  • Dividends are compounded semi-annually
  • Subject to penalty for early withdrawal
The *Annual Percentage Yield is accurate as of  1/2/19. The APY assumes reinvestment of principal and dividends for a 12-month period. This credit union is federally insured by the National Credit Union Administration. Membership eligibility required.
Teen Cents Club

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FOR OUR MEMBERS AGES 13 - 18

    The goal of our Teen Cents Club is to promote saving throughout the year by offering our teenage members the opportunity to win cash prizes three times during the year.   The more money that is deposited, the more chances to win! For every $5.00 deposited, the TC member will receive 1 drawing ticket for the quarterly prize drawings! All drawing tickets from the entire year will be put in the grand prize drawing for a tablet. The quarterly drawings will  have two winners  -  one from our Ashland office and one from our Park Falls office.

Youth Accounts Brochure

Click Here to View Teen Cents  Program Disclosure Click Here for Official Rules of Teen Cents Club Annual Prize Drawing    

Share Certificate  .50% Dividend Rate - .50% APY* 6 Month Must be a member of NCCU with $5.00 minimum in share account, and have a Teen Cents account.

  •  $100.00 minimum balance to earn .50% APY
  • $1,000.00 Maximum Aggregate Investments per Teen Cent$ Member
  • The dividend  rates are subject to change without notice
  • Expect the dividends to compound semi-annually
  • Subject to penalty for early withdrawal
The *Annual Percentage Yield is accurate as of 01/01/2019 The APY assumes reinvestment of principal and dividends for a 12-month period. This credit union is federally insured by the National Credit Union Administration.Membership eligibility required.
Share Certificates
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Put a Spring in your step with a NCCU Share Certificate. Currently running a Share Certificate Special to help our members save. Check out our rates for a 13 Month  Share Certificate.

With a variety of terms and competitive tiered dividend rates, Northwoods Community Credit Union has Share Certificates to complement all of your savings needs. Come into one of our offices and visit a Member Service Representative, who can help you decide which investment is right for you.

Calculate your savings
Deposit Rates

NCCU Share Savings, Club, and Certificate Rates

EFFECTIVE - September 3, 2019 Rates are subject to change without notice. *APY - Annual Percentage Yield ** Funds Available on first business day in October *** Premier Account Rates - Personal Accounts Only - Minimum of $5000.00 must be maintained in your Premier Checking account to receive Premier Checking, Savings, IRA, And Share Certificate Rates.
Share Savings, Share Draft, and Club Accounts
Account TypeDividends compoundedMinimum Amount to Receive DividendsDividend RateAPY*
Share Savings (21 and over)Monthly$100.000.05%0.05%
Share Savings (Under 21)Monthly$5.000.05%0.05%
Open Club (21 and over)Monthly$100.000.05%0.05%
Open Club (Under 21)Monthly$5.000.05%0.05%
Christmas Club**MonthlyNot Applicable0.25%0.25%
Tax & Insurance ClubMonthly$100.000.05%0.05%
IRA Club SavingsMonthlyNot Applicable0.10%0.10%
Kangaroo Kids Club
Junior Savers
Teen Cents Club
Monthly$5.000.05%0.05%
Basic Checking (Share Draft)N/ANot ApplicableN/AN/A
Preferred Checking (Share Draft)Monthly$1,000.000.07%0.07%
Preferred Plus Checking (Share Draft)Monthly$2,500.000.07%0.07%
***Premier Checking (Share Draft)Monthly$5,000.000.07%0.07%
***Premier Share Savings(Must open a Premier Checking and maintain a minimum average balance of $5000.00 to receive rate)Monthly<$5,000.000.05%0.05%
$5,000.00 - $10,000.000.06%0.06%
>$10,000.000.07%0.07%
***Premier IRA Club Savings(Must open a Premier Checking and maintain a minimum average balance of $5,000.00 to receive this rate)Monthly<$25,000.000.07%0.07%
$25,000.00 -$50,000.000.15%0.15%
$50,000.00 -$75,000.000.20%0.20%
$75,000.00 - $100,000.000.20%0.20%
>$100,000.000.20%0.20%
Dividends Compounded Semi-Annually Subject to penalty for early withdrawal Fees may reduce earnings on the account. *APY - Annual Percentage Yield Must be a Kangaroo Kids Club, Junior Savers, or Teen Cents Member to be eligible for the Share Certificate Special for Youth Accounts.
Share Certificate Rates
TermRequired DepositDividend RateAPY*Dividend Rate with Premier Account***APY* with Premier Account***
6 Month$2,000.00 to $9,999 0.15%0.15%0.20%0.20%
$10,000 to $49,9990.20%0.20%0.25%0.25%
$50,000 and up0.25%0.25%0.30%0.30%
12 Month$2,000.00 to $9,9990.20%0.20%0.25%0.25%
$10,000 to $49,9990.25%0.25%0.30%0.30%
$50,000 and up0.30%0.30%0.35%0.35%
18 Month$2,000.00 to $9,9990.30%0.30%0.35%0.35%
$10,000 to $49,9990.35%0.35%0.40%0.40%
$50,000 and up0.40%0.40%0.45%0.45%
24 Month OR 36 Month$2,000.00 to $9,9990.35%0.35%0.40%0.40%
$10,000 to $49,9990.40%0.40%0.45%0.45%
$50,000 and up0.45%0.45%0.50%0.50%
Share Certificate Special Youth Accounts
TermRequired DepositDividend RateAPY*
6 MonthTeen Cents Club
Junior Savers
Kangaroo Kids Club
Minimum $100.00 Maximum $1000.00 (Aggregate)
.50%.50%
Share Certificate Special 13 Month
TermRequired DepositDividend RateAPY*
13 MonthsMinimum deposit - $2000.00
Maximum $9,999.00
2.01%2.01%






Minimum deposit - $10,000
Maximum deposit - $49,999
2.25%2.26%
Minimum deposit -
$50,000
2.35%2.36%
    For deposit accounts, you must be a member with a share savings account with a minimum balance of $5.00.       
IRAs
Fotolia_40060511_Subscription_XXLIRAs are an excellent way to save for the future. Northwoods Community Credit Union has the three types of IRAs, all of which offer the ease and convenience of a simple savings account that earns a competitive dividend  rate. The IRA savings accounts dividends are compounded and paid monthly. Choose from the following options:
  • Traditional IRAs -  Traditional IRAs offer tax-deferred earning, and the possibility for tax-deductible contributions. All earnings in the Traditional IRAs are not taxed until they are withdrawn. The main attraction of Traditional IRAs is the ability to defer taxes on the earnings, and to withdraw in a year when you may be in a lower tax bracket.
  • Roth IRAs - Regular contributions to the Roth IRAs can be withdrawn tax-free and penalty-free at any time.  After your Roth has been open for five tax years, earnings can be withdrawn tax-free and penalty-free for any of these reasons: age 59 1/2, disability, death, or a first-time home purchase (lifetime limit is $10,000.00 per person).
  • Coverdell Education Savings Accounts (ESA) - Formerly known as the Education IRA, the Coverdell Education Savings accounts sole purpose is to help you pay for your child's education expenses such as: tuition, fees, books, supplies, computer equipment and technology required for elementary, secondary, and post-secondary education. Contributions are not-tax-deductible, but there is potential for tax-free withdrawals including earnings. The funds in the Coverdell ESA can also be transferred from one child's account to an account for another child in the family.