At Niagara’s Choice you can save your way with a variety of savings account options. You can earn dividends, have funds for emergencies, establish a college fund, save for retirement. Whatever you need, we are here to help you reach your goals.
- Just a $5.00 deposit establishes your Niagara’s Choice account. Once you have a savings account with us you can take advantage of the products and services we have to offer.
- Open your account in person at any branch or online by clicking here. Follow these steps to open the account online:
- You will need your social security number, driver’s license number, address and email information.
- Click here and follow the prompts and enter required information.
- Your membership application will be reviewed by our team. They will contact you to complete the account opening.
- Fund your account. You can do this by bringing funds into a branch or mailing in a check.
- We offer quarterly dividends on qualifying savings balances.
- Our online and mobile banking options make it easy to access your account information 24/7.
- Go paperless with e-statements.
- Your deposits are insured up to $250,000 by the NCUA.
This account makes it easy to save for the holidays or other purchases by making regular deposits throughout the year. A Christmas or Multi Purpose account can be opened at any time throughout the year.
- Open account in person or online (must have a regular savings account first.)
- Earns dividends like a regular savings account.
- Make deposits at the teller line in any branch.
- Set up a payroll deposit to make savings easier.
- Start anytime throughout the year. Full balance is transferred to your designated regular savings or checking account in October. The account remains open and you can start deposits again right away.
- Account transfer and withdrawal limitations apply.
An IRA (Individual Retirement Account) is a special type of savings plan that helps you save for your retirement or for your child’s education. IRAs are a secure way to save for the future. They require very little administration and are easy to set up.
If you’re looking for IRAs Niagara’s Choice offers Traditional, Roth and Coverdell Education accounts. Stop in any NCFCU branch location to open your IRA.
- Traditional IRA – This account offers the advantage of tax-deductible contributions now, building earnings until you need them. Taxes are deferred on your earnings until they are withdrawn.* Minimum contribution is $500.00
- Roth IRA – A Roth IRA offers flexibility by allowing you to pay taxes now and reap the benefits in the future. Within qualifying limits, Roth IRA contributions and earnings may be withdrawn tax-free.* Minimum contribution is $500.
- Coverdell Education Savings Account (ESA) – This account is perfect if you want to start saving for your child’s education. You can contribute each year to help pay for your child or grandchild’s qualified educational expenses.* Minimum contribution is $500.
*NOTE: List is for informational purposes only. Please consult with your tax advisor when deciding which IRA type you are eligible for and which will meet your needs best.
Time is money – make the most of it! If you are looking for a longer term savings option, then a Niagara’s Choice share certificate might be the right option for you. This financial product is a low-risk way to increase your savings over a fixed period of time called a “term.” During the term of the certificate you cannot touch the money. Meanwhile, you earn a fixed percentage yield which is given back to you upon the completion of the certificate’s term. The yield is often referred to as an APY or Annual Percentage Yield. With various terms available, you can choose the option that works best for you.
- Our share certificate accounts offer higher dividend rates for specific terms.
- Share certificates earn interest. Dividends are compounded daily and posted quarterly on the average daily balance.
- We offer terms of 3, 6, 12, 24, 36, 48, and 60 months.
- Low $500 minimum deposit
- Insured by NCUA.
To open a Share Certificate you can stop into one of our branches during normal business hours.
Niagara’s Choice makes saving fun for little ones! With a low introductory deposit, kids age 12 and under can begin to learn about savings and finances. With an online portal of games and activities available, we make membership fun. Check it out here
- Ages 0-12
- $5.00 minimum balance
- Joint owner necessary – you will need the child’s social security number to open the account
- Free coloring book and quarter saver upon opening
- Access to online portal with activities and games
Open an account today by stopping into any branch or online
