Savings

As a member/owner you get a great interest rate for minimal investment with a Savings Account from SouthPoint. All you need to do is open a membership share savings account to start saving for that special purchase, to build an emergency fund, or to make someone's dreams come true.

Dividends are calculated by applying a rate to the balance in the account each day and statements are sent quarterly if no other accounts or direct deposits exist. Otherwise, the accounts all offer options to fit your individual needs. Check out the account details below and start saving and earning today!

Looking for a higher return for your dollar? A Certificate of Deposit or Money Market Savings may fit your financial needs. Check out our current rates.

And don't forget to check out our Health Savings Account (HSA).

All of our deposit accounts are protected up to $250,000 by the National Credit Union Association (NCUA).

	SHARE SAVINGS	SECONDARY SHARE SAVINGS	HOLIDAY CLUB SAVINGS	DOLLAR DOG SAVINGS
What It Is	An insured dividend paying account that establishes your membership	An insured dividend paying account	A special savings to accumulate money for holiday spending	A fun savings account for our your members. Find fun games and learning opportunites on the Dollar Dog website.
What It Does	Allows members to earn dividends while giving them easy access to funds	Allows members to earn dividends in a separate savings account while giving them easy access to funds	Allows the member to save for additional expenses incurred during the holiday season and earn a higher rate than a regular savings	Allows kids to learn how to save money at an early age and get cool prizes, too
Who Is Eligible	Anyone who lives, works, worships, or owns a legal entity in Brown, Redwood, or Renville counties	Anyone who has a membership with us	Anyone who has a membership with us	Anyone age 0-11 who lives, works, worships, or owns a legal entity in Brown, Redwood, or Renville counties
Opening Deposit	$10.00	NO	$10.00	$10.00
Minimum Balance	$10.00	NO	NO	$10.00
Minimum Balance to Earn Interest (APY)	$10.00	$0.01	$0.01	$10.00
Monthly Service Fee	NO	NO	NO	NO
Dividends Paid	YES - Quarterly	YES - Quarterly	YES - Monthly	YES - Quarterly
VISA ® Debit Card	NO	NO	NO	NO
Limit on Withdrawals/ Transfers	YES Max of 6 Call24, preauthorized, or automatic transfers per month from account	YES Max of 6 Call24, preauthorized, or automatic transfers per month from account	YES No withdrawals are allowed	YES Max of 6 Call24, preauthorized, or automatic transfers per month from account
Withdrawal Fee	$2.00 charge ONLY if funds are w/d in a Credit Union Check below $3,000		Loss of any accrued interest if w/d after 7 days of opening	$2.00 charge ONLY if funds are w/d in a Credit Union Check below $3,000
How Often Can APY Change	Quarterly	Quarterly	Monthly	Quarterly
Dormant Fee Amount Criteria (all must apply)	YES $15.00 -Balance is below $100 -Over 18 (no fee if under 18) -Inactive for 1 year or more -No other active account relationship	NO	NO	NO

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