Savings Accounts

Membership Savings Accounts: Share Type 01

Opening and maintaining a basic Membership Savings Account is the gateway to accessing all of Northern Redwood’s great products and services. With the Membership Savings you obtain an ownership share in the Credit Union, making you eligible to partake in all the benefits Northern Redwood has to offer – Great returns on savings, low rates on loans, online services, 30,000+ surcharge free ATMs, and much more!

Features:
  • Minimum opening deposit of $5.00
  • Earns dividends which are paid quarterly
  • Free ATM Card to use at any NRFCU ATM
  • Free access to 30,000+ Co-Op ATMs nationwide
  • Quarterly statements with optional eStatements

To open your Membership Share Account please fill out our Invitation to Join and begin your Membership right away.
Invitation to join

Youth Savings Account: Share Type 02

Whether it’s birthday cash, allowance, or money earned from a lemonade stand, Northern Redwood’s Youth Savings Account is perfect for teaching your child the importance of saving while allowing him or her to earn dividends. Our Youth Savings account is designed for members under the age of 18 with a parent or guardian as joint owner.

Features:
  • Minimum opening deposit of $5.00
  • Earns dividends which are paid quarterly
  • Free ATM Card to use at any NRFCU ATM
  • Free access to 30,000+ CO-OP ATMs nationwide

Business Savings Account

Business Membership with Northern Redwood FCU begins with $50.00. The $50.00 minimum opening deposit establishes your membership share in the Credit Union and enables you to take advantage of the great services to offer.

  • Minimum Opening Deposit of $50.00
  • Free ATM Card

  • Minimum Opening Deposit of $100.00
  • Monthly fee $10.00
  • 150 Checks per month
  • Interest: Yes

Christmas Club Savings Account: Share Type 10

*Membership Savings required

It’s easier to manage the holidays when you’ve saved all year. Northern Redwood’s Christmas Club Account is designed to help you get through the holiday season. Deposit all year and have the funds disbursed to you on November 1st - just in time for holiday shopping!

Features:
  • No minimum balance
  • Automatically renews
  • Convenient disbursement options

Special Shares: Share Type 11-13

Are you planning a vacation, getting married, leaving for college, or paying those pesky taxes? Northern Redwood’s Special Share Savings account is the perfect solution for all your savings needs. You can earn dividends while you save for important occasions. All the same features as your membership savings, but with the ease of separating funds for different purposes. You can even give your account a nickname to help keep things organized.

Features:
  • No minimum monthly balance
  • Easily nickname your account for convenient tracking
  • Earns dividends which are paid quarterly
  • Quarterly statements and the option to enroll in eStatements