Savings

Share Accounts

Prime Share

To start your credit union membership you will need a savings account. A deposit of $25 secures your membership with UKFCU and may qualify you for other services.

  • No monthly surcharge
  • Minimum balance of $25
  • Interest paid monthly on accounts carrying a balance of at least $100
  • Can be used as Checking overdraft protection
  • Direct deposit

CURRENT RATESOPEN AN ACCOUNT

Club Accounts

Saving for the holidays and vacations can be difficult. Our Club accounts offer an easy way to keep this money separate.

  • No minimum balance
  • Interest paid monthly on accounts carrying a balance of at least $.01
  • No restrictions on withdrawals or deposits
  • Balances transfer to your Prime Share or Checking on October 1 (Christmas Club only)

CURRENT RATESOPEN AN ACCOUNT

Senior Share

Members age 54 and up can take advantage of our Senior Share Account. This account offers a dividend rate that is higher than the Prime Share Account.

  • No minimum balance
  • Interest paid monthly on accounts carrying a balance of at least $100
  • Dividend rates are higher than the Prime Share Account
  • No restrictions on withdraws or deposits

CURRENT RATESOPEN AN ACCOUNT

In addition to our standard accounts, UKFCU also offers:

  • KYUTMA (Kentucky Uniform Trust to Minor Act) Account:

Want to open a youth savings account? Under the Uniform Transfer to Minors Act (UTMA), you may set money aside for your minor child as an irrevocable gift.

  • Association/Organization Account:

Open an account for your charitable association, nonprofit group, school club or other unincorporated organization. To qualify for membership, all members of your organization must be eligible for UKFCU membership.

  • DBA Account:

As long as your business is owned solely by you and is unincorporated, you can open a “Doing Business As” account here at UKFCU.

NCUA, the National Credit Union Administration, a US government agency, insures your funds up to $250,000.00. For more information on NCUA insurance coverage go to the NCUA Share Insurance Tool Kit at http://www.ncua.gov/DataApps/Pages/SI-Tools.aspx.   Additionally, ESI, Excess Share Insurance Corporation, a private corporation, insures your funds up to an additional $250,000.00.

Share Certificates

Looking for a better return on your dollar? A Share Certificate allows you to lock in a higher interest rate.

Share Certificate:

  • Minimum $1000 balance for regular Share Certificate
  • Terms range from 3 months to 5 years
  • Dividends paid at maturity (3 and 6 month Share Certificates) and monthly or annually (1-5 yr Share Certificates)
  • Can be used as collateral for Share Secured Loans

CURRENT RATESOPEN AN ACCOUNT

Step-Rate Share Certificate

Our Step-Rate Share Certificate offers members the flexibility to change their rate one time during the 24 month term to match our regular 24 month share certificate’s rate. For example, if our Step-Rate APY is 4.00% and our 24 month share certificate increases to a 4.35% APY, you can notify us you want to match the new 24 month rate. Your Step-Rate share certificate will earn 4.35% APY from that date until maturity.*

* Minimum balance is $1,000.00, other restrictions may apply.

Individual Retirement Account

Choosing your retirement plan is very important. We offer traditional and Roth IRAs and IRA Certificates to help you meet your retirement goals.

Individual Retirement Account:

  • No minimum balance
  • Up to $4000 deposit per tax year/up to $5000 deposit for members 50 years of age or older
  • See your tax professional for possible benefits
  • Visit our education section for more information on IRAs
  • 1 and 2 year IRA Certificate and IRA savings available

CURRENT RATES

NCUA, the National Credit Union Administration, a US government agency, insures your funds up to $250,000.00. For more information on NCUA insurance coverage go to the NCUA Share Insurance Tool Kit at http://www.ncua.gov/DataApps/Pages/SI-Tools.aspx.   Additionally, ESI, Excess Share Insurance Corporation, a private corporation, insures your funds up to an additional $250,000.00.

IRAs

Looking for a better return on your dollar? An IRA Share Certificate allows you to lock in a higher interest rate.

IRA Share Certificate:

  • Minimum $1000 balance for IRA Share Certificate
  • Terms range from 1 year to 5 years
  • Dividends paid annually

CURRENT RATES

Individual Retirement Account

Choosing your retirement plan is very important. We offer traditional and Roth IRAs and IRA Certificates to help you meet your retirement goals.

Individual Retirement Account:

  • No minimum balance
  • Up to $5000 deposit per tax year/up to $6000 deposit for members 50 years of age or older
  • See your tax professional for possible benefits
  • Visit our education
    section for more information on IRAs
  • 1, 2, 3, 4 and 5 year

CURRENT RATES

NCUA, the National Credit Union Administration, a US government agency, insures your funds up to $250,000.00. For more information on NCUA insurance coverage go to the NCUA Share Insurance Tool Kit at http://www.ncua.gov/DataApps/Pages/SI-Tools.aspx.   Additionally, ESI, Excess Share Insurance Corporation, a private corporation, insures your funds up to an additional $250,000.00.