Share Savings Accounts
Type of Account	Minimum Balance	Dividend Rate	APY
Shares*	$5 - $99 $100 +	0.0% 1.00%	0.0% 1.00%
eRewards Savings	Up to $500.00 $500.01 +	7.25% 1.00%	7.50% 1.00%
Super Shares**	$2500 -$ 9999 $10,000+	1.98% 2.23%	2.00% 2.25%
Top Ten Shares***	$5000 - $49,999 $50,000 +	2.72% 2.96%	2.75% 3.00%
Share Draft (Checking)	$1 - 2499 $2500 +	0.00% 0.50%	0.00% 0.50%
Christmas Club	$5 -  24 $25 +	0.00% 1.98%	0.00% 2.00%
Health Savings  Account	$5 - $99 $100 +	0.0% 1.49%	0.0% 1.50%
IRA Share  Traditional, Roth & Education	$5 -  99 $100 + 49,999 $50,000 +	0.00% 2.72% 2.96%	0.00% 2.75% 3.00%
* Life insurance on Shares above $1000-restrictions apply-contact us for details. **If balance is below $2500, the dividend rate will be equal to the Share rate. *** If balance is below $5000, the dividend rate will be equal to the Share rate. Share Savings Accounts are variable rate accounts which means the rate may change after the account is opened.  Dividends will be calculated using the average daily balance for the statement period method and posted to the above share accounts monthly.  Please contact the credit union for further information.

Dividends are earned daily and posted monthly to all accounts.  APY = Annual Percentage Yield.  Rates and terms are subject to change without notice.   Penalty for early withdrawal on term share certificate accounts.  Fees could reduce earnings.  The minimum requirement for obtaining membership is a $5.00 deposit in a Regular Share Savings.  Federally Insured by the NCUA.

Use our online financial calculators to figure your savings needs & goals

Share Savings Account

Your share savings account is the most suitable place for short-term investments, or for emergency reserves. The minimum requirement for obtaining membership in the credit union is a deposit of $5.00 in this account.

A very unique benefit our share savings offers is credit union paid life insurance. Depending on your age, for every dollar you save, PCMCU will match another dollar in life insurance up to $3,000. As you save for the future, safeguard against the unexpected. (See Life Savings Insurance)

Share Savings Features:

• $5 minimum deposit to open and maintain membership.
• No monthly maintenance fees.
• Quarterly statement provided. Accounts with ATM access will receive monthly statements.
• Federal regulations limit this account to no more than six (6) pre-authorized transfers per month.
• Unlimited withdrawals in person.
• No minimum withdrawal or deposit amount.
• No interest is earned on any day the account balance falls below $100. 
• The interest rate and APY (Annual Percentage Yield) may change monthly 
• Interest is compounded and credited monthly, based on a 365-day year.
• Interest will begin to accrue on the same business day of your deposit.

Health Savings Account (HSA)

A health savings account (HSA) is a tax-exempt trust or custodial account that you set up with a qualified trustee to pay or reimburse certain medical expenses you incur.  PCMCU is a qualified trustee and now offers health savings accounts.  You must be an eligible individual to qualify for an HSA.  You may contact the credit union for more detailed information on HSAs, or visit the IRS website directly as www.irs.gov and enter Health Savings Accounts in the search. 

Share Draft Checking

A Share Draft Account is a credit union’s equivalent of a checking account, only BETTER! Just check out these features!

Share Draft Features:

• New Check Orders - online order form
• No minimum balance requirements apply to this account.
• No monthly maintenance fees.
• Monthly statement provided
• No per check fees.
• Carbonless copy of each draft.
• Copies of checks are available.
• Overdraft Protection is available.
• Deposits to your share draft can be made in person, by mail, by ATM, payroll deduction, direct deposit, electronic funds transfer, telephone transfer (TLC) or home banking transfer.
• No transaction limitations apply to this account.
• Minimum balance must be maintained to obtain APY (See Rates).
• No interest is earned on any day the account falls below $2,500.
• The interest rate and APY may change monthly.
• The daily balance method is used to calculate the interest on the account.
• Interest is compounded and credited monthly, based on a 365-day year.
• Interest will begin to accrue on the same business day of your deposit.
• Transfers between accounts completed at no charge.
• Instant statements available at no charge.
• Free checks to senior citizens.

Children’s Regular Share Account 

PCM CU’s Children’s Regular Share Account offers to minor, newborn to 18 year of age, a regular share account with a low $5.00 minimum opening balance.  Also find out about our Smart Start Program,  a low cost financial package for Young Adults. 

Children’s Regular Share Account Features:

• Must also meet other PCM CU membership requirements, including opening a Regular Share Account.
• Members age 16 to 18 years of age are encouraged to open a joint Regular Share Account with a parent or guardian. The Regular Share Account needs to be joint because anyone under the age of 18 cannot enter into a lending contract due to federal regulations.
• If a member is 18 & older and has a Children’s Share Account, he/she must get permission from the parent or guardian on the account to close the account.
• The minimum balance to earn interest is $100.00. The account will not earn interest each day the balance is below $100.00.
• Interest is earned daily, posted monthly, and subject to change without notice.
• The child may not withdraw from the Children’s Share Account without a parent’s signature. 

Super Share Account 

If you are looking for an investment account that earns a higher rate of return than a regular savings account, plus combines the safety of federal deposit insurance, look no further than a Super Share Account at PCM CU.

Super Share Features:

• $2,500 minimum deposit to open.
• No monthly maintenance fees.
• Quarterly statement.
• Federal regulations limit this account to no more than six (6) pre-authorized transfers per month.
• Unlimited withdrawals in person.
• No minimum withdrawal or deposit amount.
• Tiered interest levels with interest on full balance.
• Minimum balance on each tier level must be maintained to obtain APY interest
• No interest is earned on any day the account balance falls below $100.
• The interest rate and APY may change monthly.
• The daily balance method is used to calculate the interest on the account.
• Interest is compounded and credited monthly based on a 365-day year.
• Interest will begin to accrue on the same business day of your deposit.

Top Ten Share Account

PCM CU’s Top Ten Share Account works like a savings account in that you can make a deposit of any amount, any time during the month (payroll deduction is available, too). Withdrawals can be made the top (first) ten days of each calendar month with no penalty. Withdrawals made from the 11th to the end of the month are subject to a 90-day interest penalty on the amount withdrawn. 

Top Ten Share Features:

• $5,000 minimum deposit to open.
• No monthly maintenance fees.
• Quarterly statement.
• If the balance in the account falls below the $5,000.00 minimum balance during the month, the interest rate drops to the Regular Shares rates for the day(s) the balance is below$5,000.00.
• Interest is earned daily and posted monthly. Interest is subject to change without notice. 

Christmas / Vacation Club

It’s never too early to start saving for the holidays…or that long awaited vacation. By putting a small amount per paycheck into your account, you will be amazed at the amount you’ll have in your pocket when holiday shopping or vacation time rolls around.

Club funds, plus interest, are automatically transferred into your savings or checking account each year on the first business day of November. To assist you in planning your vacation at any time, one additional withdrawal can be made throughout the year. 

You will also receive a special gift when you open your account each year. Sign Up Today!

Club Account Features:

• No minimum balance requirements apply to this account.
• Quarterly statement provided.
• The daily balance method is used to calculate the interest on the account.
• Interest is compounded and credited monthly based on a 365-day year.
• $5.00 will be charged for each withdrawal in excess of one per club year. We do not charge for the November 1st withdrawal.
• The interest rate and APY may change monthly