Savings

We’ve all got something to save for. There’s the usual rainy day, of course, plus about a million other good reasons — from a new tractor to make dad’s Christmas to healthcare expenses to a comfy and cozy retirement. PFCU has savings accounts to suit all your needs — even some tailored to teach your young ‘uns how to be savings-smart from the start!

Primary

Your gateway to PFCU Membership

When you become a member of Parsons Federal Credit Union, your one-time Membership Fee of $1 and initial deposit to your Share Savings Account literally makes you an owner of the credit union (with the right to vote in important credit union matters such as Board Member elections)! You’re also eligible for all the benefits PFCU has to offer — great returns on savings accounts and low rates on loans, plus electronic and internet account access such as CU Online Home Banking, Bill Pay, Mobile Banking, eDeposit, mobile deposit, eStatements and access to more than 30,000 Surcharge Free Co-Op ATM’s!

  • Open & maintain a Share Savings Account with a balance of $25 or more
  • Earn dividends from the day of deposit
  • Dividends are paid monthly
  • Easy and convenient account access through Direct Deposit, Fee Free Co-Op ATMs ,
    Shared Credit Union Branches and more!

How long until I reach my savings goal?

Apply Now

Funds Availability Policy

Truth in Savings Disclosure

Electronic Services Disclosure

Privacy Policy

Holiday Club Savings Account

Are elves putting coal in your stocking for using high rate credit cards for seasonal purchases and spending ages to pay off gifts you buy each year? Use a PFCU Holiday Club Savings Account for expenses — and you’ll have even more to celebrate!

  • Open any time of the year
  • Earns dividends from the day of deposit
  • Set up automatic transfer from your PFCU Primary Savings or Checking for effortless savings
  • Make deposits online, at ATMs, through eDeposit, in person or by mail
  • Holiday Club Savings Accounts mature on November 1st every year and your balance will be transferred to your PFCU Savings or Checking account.

Click for current Holiday Club Savings Account Rates or How long until you reach your savings goal?

Start saving for the holidays today!

Apply Now

Health Savings Accounts - HSAs

We’re pleased to offer our members Health Savings Accounts (HSAs) — savings  plans that offer those with High Deductible Health Plans a different way to pay for health care!
To qualify for an HSA, you must be enrolled in a High Deductible Health Plan (HDHP). An HDHP, sometimes referred to as "catastrophic" health insurance, generally does not pay for the first several thousand dollars of health care expenses (i.e. your "deductible") but will cover your expenses after the deductible has been met. The money deposited into an HSA would help pay for the expenses your HDHP does not cover, as it…

  • Helps you save for present and future medical expenses
  • Allows your savings to grow tax-deferred*
  • Provides additional tax advantages*
  • Allows you to control how and when your savings are spent**
  • Has no "use it or lose it" restrictions
  • Help to pay certain health insurance expenses after age 65

For additional details and to open your HSA today, contact us at 800-765-4527 (sorry, no electronics forms are available at this time).

Note: *Always consult your tax advisor. **Non-qualified medical expense distributions may result in additional taxes and penalties.

IRA RATES ARE UP!

Need an IRA? Take a look at our great rates, as we have just raised them to help our savvy investors!

Click on "Rates" above in the blue bar, then "Deposits" for the rates on all of our savings products.

 Open New Accounts

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