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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

   EzSTART
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 high yield savings
for members 24
or younger		  

A fun savings account
for our young members.
Find fun games and
learning opportunities
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 the member
to earn a higher
APY during a
limited time on
a certain amount
being deposited		  

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 24
and younger who
has in individual
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

  

NO

  

$10

   $0  

$10

  
 

Minimum
Balance

  

$10

  

NO

  

NO

   NO  

$10

  
 

Minimum
Balance
to Earn
Interest
(APY)

  

$10

  

$0.01

  

$0.01

   $0.01  

$10

  
 

Monthly
Service Fee

  

NO

  

NO

  

NO

   NO  

NO

  
 

Dividends
Paid

  

YES -
Quarterly

  

YES -
Quarterly

  

YES -
Monthly

   YES -
Monthly		  

YES -
Quarterly

  
 

VISA ®
Debit Card

  

NO

  

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		  

YES
Max of 6 Call24,
preauthorized, or
automatic transfers
per month from
account

  
 

Withdrawal
Fee

      

 

  

Loss of any accrued
interest if w/d after
7 days of opening

      

$2 charge ONLY if
funds are w/d in a Credit
Union Check below $3,000

  
 

How Often
Can APY
Change

  

Quarterly

  

Quarterly

  

Monthly

   Monthly  

Quarterly

  
 

Dormant Fee
Amount
Criteria
(all must apply)

  

YES
$15
-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  

NO

  

 

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