Regular Share Savings Accounts
The C.A.H.P. Credit Union Regular Share Account is similar to a 'regular' or 'passbook' savings account offered by other financial institutions, but with many more benefits. It represents your share of member-ownership, while offering complete liquidity and generally higher dividends than comparable accounts elsewhere. You will find CAHPCU’s savings rates are always competitive when compared to other financial institutions, and with us, your savings are very secure. In fact, each of your deposit accounts is insured up to $500,000 by American Share Insurance (ASI), the largest cooperative insurer of credit unions in the nation. Our basic objective is to teach and encourage sound financial habits among our Members.
You can make deposits to your CAHPCU Savings account in person, by mail, or through convenient payroll deduction. And don’t forget, you can access your account 24 hours a day, 7 days a week through the nationwide CO-OP Network of over 28,000 ATM machines using our Code 4 ATM Card or Visa Debit Card and the Star System.
Rates:
Regular Share & Member-Named Accounts
| Average Daily Balance |
|
|
|
APY1,2 |
| $0.00 |
-
|
$100.00 |
|
0.01% |
| $100.01 |
-
|
$2,000.00 |
|
0.05% |
| $2,000.01 |
-
|
$500,000.00 |
|
0.10% |
A CAHPCU savings account serves as your basic membership account and enables you to enjoy the many benefits we have to offer. With a minimum deposit of $50, you earn competitive dividends on your deposit. Dividends are calculated from the day of deposit to the day of withdrawal and are paid and compounded quarterly. You must maintain a minimum balance of at least $50 to earn dividends (interest) on this account and remain in active status.
If you are not already a member, it’s easy to join:
- Confirm you belong to an authorized Public Safety Organization
- Complete our Membership Application
- Fund your account
- Start saving immediately!
Open a Savings Account Today Because…
Besides providing for your basic membership account, building a CAHPCU savings account is for anyone who wants to save but realizes he/she might need access to that money at any time.
It is generally recommended that you save and hold three to six months of living expenses. You may also need access to those funds at any time if you have medical bills, emergency car repairs, or a critical home appliance breaks.
It is also a good type of account for members with strict financial behaviors. Like someone who sets his/her insurance deductible to $1,000 and then saves that specific amount in case it’s needed. Basically, savings accounts provide very liquid (available) and easy access to your funds. And it is easy to save using direct deposit or a payroll deduction; just ask us how to set things up.
The above information is educational and should not be interpreted as financial advice. For advice that is specific to your circumstances, you should consult a financial or tax adviser.
1 Annual Percentage Yield (APY)
2 Minimum opening balance - $50.00; Minimum to earn dividends - $50.00; Variable rate - Dividends paid quarterly
Rates Effective 1/1/2012. Rates and terms subject to change without notice.