Membership Means Saving
Finances. Family. Future.
Membership Starts With a Savings Account
What reason do you have to save? Our short and long-term personal savings accounts are designed to help you reach your financial goals. From traditional simple savings accounts to high-rate Share Certificates and Money Market Accounts, we have the solution to meet your savings goals.
Opening a savings account is just the beginning. As a member, you have access to all the benefits and resources Ferguson has to offer. Plus, being a member means your immediate family is eligible to join Ferguson.
Join Ferguson & Open a Mississippi Savings Account Today!
Once a member, always a member!
Questions About Savings Accounts- Contact Us!
Having a Ferguson FCU Savings Account Means:
Higher dividend rates
Fewer fees
Fast and accurate access to digital services
Hometown experience with tomorrow’s technology
Compare Ferguson FCU’s Savings Account Options
| 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 |
Find the Best Savings Account for You
Primary Share Savings Account
Establishes your Ferguson FCU membership
$5 minimum deposit
Dividends earned monthly (min. $1,000 balance)
No withdrawal fees
Can serve as overdraft protection
ATM and online access available
Youth Savings Accounts
For members under 18 (requires joint owner)
$5 minimum deposit
Dividends from the first dollar
Encourages early saving habits
Accessible via Youth Checking & debit card
Christmas Club Savings Accounts
Save gradually for holiday expenses
No minimum deposit
Dividends from $1
Auto-transfer options available
$25 fee for early withdrawal
Special Share Savings Accounts
Designated for specific goals (e.g., wedding, vacation)
No minimum deposit
Dividends with $1,000 balance
Track your progress online
High Yield Money Market Accounts
Higher dividend rates with flexible access
No minimum deposit
Dividends from $2,500 balance
Ideal for larger balances
Share Certificates
Fixed-rate returns for terms you choose
$1,000 minimum deposit
Monthly dividends
Penalty applies for early withdrawals
Perfect for long-term savings goals
Create Your Next Savings Goal
Frequently Asked Questions
What is the difference between a share certificate and a savings account?
A savings account offers flexible access to your funds and typically earns variable dividends. A share certificate, on the other hand, requires you to lock in your funds for a set term in exchange for a higher, fixed dividend rate. Share certificates are best for long-term savings goals, while savings accounts provide day-to-day flexibility.
How do I open a youth account?
Opening a Youth Savings Account at Ferguson FCU is easy. A parent or legal guardian must be a joint owner on the account. Bring the child’s Social Security number and a valid form of ID for the joint owner to get started. You only need a $5 deposit to open the account and start encouraging smart saving habits early.
Can I open a savings account online?
Yes! You can open your Ferguson FCU savings account online in just a few steps. Select the account that aligns with your goals, complete the secure application, and make your initial deposit, all from the comfort of your own home. Once your account is open, you’ll have instant access to digital tools to manage your savings anytime, anywhere.