This club account requires a minimum balance of $10,000 to achieve and maintain the 1.65% APY.
If you drop below this balance at any time, the 1.65% APY will be changed to
the normal checking account return rate of 0.10%
Debit cards & checks will be offered for this account type.
This offer is valid on new money only (new deposits only). Please call us 540-639-0885 for more details.
This is a limited time offer. Offer expires on 12/31/2018.
All members are required to have and maintain a share savings account in order for them to be a member at First NRV Credit Union
$10 is required to open a membership savings account at First NRV Credit Union. A $5.00 minimum balance is required to open & maintain your regular savings account at First NRV Credit Union, and the other $5 covers your membership fee. The $5 minimum deposit will be placed on hold within your savings account, and symbolizes your "share" of our credit union.
If this minimum balance is not maintained within your savings account, all of your accounts will be placed under administrative review. Upon completion of the review, the accounts may be closed if deemed necessary by our management and/or by our board of directors.
First NRV Credit Union Savings Accounts are eligible for one free ATM card order. Replacement cards will be $10 in the event that the card is damaged or lost. If there is a risk of fraud on your current card, your new ATM/Debit Card reorder fee will be waived.
If our required balance thresholds are met within your savings account, you will earn the matching interest rate for that dollar amount. Please see our current rates for more details on these rates.
Open a Christmas Club Savings Account at First NRV Credit Union today and avoid the holiday money blues!
No minimum balance is required to open one of these club savings account.
The account can be opened at any time in the year.
No monthly deposit requirements.
All balances earn dividends. See our current rates for more information.
The current dividend rate is posted quarterly.
You can even setup a direct deposit to help fill your Christmas Club before the holidays.
You cannot transfer or withdraw from this account. If you need the funds before the release date of November 1st of each year, the account will be closed and all funds will be released for your use. Once closed it cannot be reopened until November 1st of that year.
Upon maturity, the Share Certificate Account will automatically renew at the current rate and will be subject to First NRV Credit Union's terms and conditions.
Promotional Offers on Share Certificates are not eligible for renewal at the promotional rates.
These are one time promotional offers, and will not be renewed at the elevated interest rate. No exceptions will be made.
After the initial maturity of the certificate, there is a 10-day grace period to make changes to the renewal and/or disbursement method.
Dividends are posted quarterly to all certificate accounts.
We have two types of IRAs here at First NRV: (1) Traditional and (2) ROTH IRAs.
The traditional IRA is where money was put into the IRA before taxes were paid, therefore taxes must be paid when money is withdrawn.
With the ROTH IRA, taxes are deducted prior to the deposit being made into the IRA. Therefore, money can be withdrawn without paying taxes for the withdrawal.
Our IRA accounts have a return rate of 1.50% APY
Below is a link that will redirect you to a page on the National Credit Union Administration's (NCUA) website that has numerous articles, advice, and tricks for helping you to become more financially responsible.