How to Get Started
Financial freedom is carefully crafted over time. Primary savings is the initial account needed to start your membership with Ferguson. From there, let us help you create the path that leads to meeting your savings goals with accounts designed to help you meet your future with confidence. No matter the reason you are saving or the age you begin saving, we have an account to meet your needs. Primary Savings, Youth Savings, Special Savings, and Christmas Club - you can choose a combination of these accounts to arrive where you would like to be on your destination to save for your future.
Opening an Account is Easy
You can apply online within minutes!
Details
Establishes your membership with Ferguson FCU
Competitive dividends on balances of $1,000.00 or more
Tiered rates; higher balances earn higher rates
Dividends post monthly
No monthly service fees
No minimum balance requirements after initial deposit
Can be used as overdraft protection for checking
Free digital banking
Benefits
✓ Enjoy unlimited transactions
✓ Pay yourself first with automatic transfers and payroll deductions
✓ Use as a source of overdraft protection for your checking account
Compare Accounts
| Comparison | Primary Savings | Youth Savings | Special Savings | Christmas Club | Money Market | Savings Certificate |
|---|---|---|---|---|---|---|
| At a glance | A general-purpose savings account that is easily accessible and establishes your membership with Ferguson | Help kids learn the value of a dollar. Requires a parent or guardian as joint owner | What special occasion do you want to save for? You decide the purpose, set a goal, and watch your investment grow | Save all year little by little so you can spend smart during the jolliest time of the year | Save more, earn more with easy access to your funds | Lock in your dividend rate for a set period of time for greater savings rewards |
| Minimum Deposit Required to Maintain Account | $5.00 | $5.00 | $0.00 | $0.00 | $0.00 | $1,000.00 |
| Minimum Balance to Earn Dividends | $1,000.00 | $1.00 | $1,000.00 | $1.00 | $2,500.00 | $1,000.00 |
| Dividends Compounded | Monthly | Monthly | Monthly | Monthly | Monthly | Monthly |
| Withdrawal fee | None | None | None | $25.00 per trans | N/A | $25.00 fee plus penalty on interest paid |
| Special Features | Can serve as overdraft protection for checking | Earns dividends from the first dollar with a higher rate than the adult accounts. Start early, earn more | Easily accessible and separate place to track savings for special events | Set up auto transfers and save more for Christmas | Crossroads between savings, checking, and certificates. Save your way, withdraw your way | Lock in your rate, and no matter what the future holds, your rate does not change |
| Example of uses | Deposit 5% of gross income each month | Deposit birthday and chore money | Save for downpayment on car | Save $1,000 for Christmas by saving $83.33 each month | Save for a house or house repairs such as roof replacement | Save for retirement or a dream vacation overseas |
| Accessible via ATM | Yes with checking account and debit card | Yes with youth checking and debit card | No | No | No | No |
| Transfers available online | Yes | Yes | Yes | No | Yes | No |
| View account balances online | Yes | Yes | Yes | Yes | Yes | Yes |
| Federally insured by NCUA up to $250,000 | Yes | Yes | Yes | Yes | Yes | Yes |