Savings
ngcu has savings retirement, education, or everyday savings. Earn competitive rates on savings accounts, certificates, and IRAs.
Savings Accounts
Unlock Your Financial Journey with NGCU Regular Share Savings
Opening a Regular Share Savings account is your gateway to membership at North Georgia Credit Union. It’s easy to join – all it takes is a one-time $5 membership share purchase and a $25 initial deposit .
- Competitive Dividends: Earn a competitive interest rate, paid quarterly on your average daily balance.
- Flexible Access to Your Funds: Flexible Access to Your Funds: Withdraw your money easily at NGCU branches, by phone, via no-fee NGCU ATMs, or using STAR®, CIRRUS®, PLUS®, VISA®, or MasterCard® ATMs.
- Stay Informed: Choose to receive quarterly statements by mail or opt for convenient eStatements.
- Simplify Saving: Set up Direct Deposit or Payroll Deduction to effortlessly build your savings.
Special Savings Accounts
Save for anything with NGCU’s flexible Special Savings Accounts.
Whether you’re planning for the holidays, a dream vacation, or back-to-school expenses, our Special Savings Accounts offer the flexibility you need. Our Christmas Club is a great option for saving for the holidays, with funds automatically transferred to your Regular Savings Account on the first Monday of November.
- Dedicated Savings: Set specific goals and watch your savings grow!
- Competitive Dividends: Earn a competitive interest rate on your savings.
- Save at Your Pace: No minimum balance required, so start saving any amount.
- Stay Informed: Receive quarterly statements by mail or opt for convenient eStatements.
- Effortless Saving: Set up automatic deposits through Direct Deposit or Payroll Deduction.
- Multiple Deposit Options: Deposit funds conveniently at a branch, by mail, or through night deposit.
Please contact us if you have any questions regarding Special Savings Accounts.
Savings Certificates
Secure Your Savings with NGCU Regular Savings Certificates
NGCU’s Regular Savings Certificates are a smart way to grow your money with a guaranteed return. Terms range from 6 to 36 months, allowing you to choose the perfect fit for your savings goals. You can even use a Regular Savings Certificate for your Individual Retirement Account (IRA).
- Guaranteed Growth: Earn a fixed dividend rate for the entire term of your certificate.
- Competitive Rates: Enjoy competitive dividend rates to maximize your returns.
- Term Flexibility: Choose a certificate term that aligns with your savings goals, from 6 to 36 months.
- Important Note: Be aware that early withdrawal penalties may apply.
IRAs
Plan for Your Golden Years with North Georgia Credit Union
At NGCU, we understand the importance of planning for a secure retirement. That’s why we offer two distinct IRA options to help you achieve your financial goals: Traditional IRAs and Roth IRAs.
Types of IRAs
- Traditional IRAs allow you to deduct your contributions from your current taxable income, which can lower your tax bill for the year. However, earnings in a traditional IRA grow with taxes deferred, meaning you will pay taxes on your withdrawals in retirement.
- Roth IRAs do not offer tax deductions on contributions, but earnings grow tax-free. This means you won’t pay taxes on your withdrawals in retirement, as long as you meet certain eligibility requirements.
To view North Georgia Credit Union’s Traditional IRA rates, please click here.
To view North Georgia Credit Union’s Roth IRA rates, please click here.
Contribution limits
The IRS sets annual contribution limits for both Traditional IRAs and Roth IRAs. For 2023, the contribution limit is $6,000 for individuals under the age of 50, and $7,000 for those aged 50 or over.
How to open an IRA
Opening an IRA at North Georgia Credit Union is easy. You can visit one of our branches or open an account online. We can help you choose the right IRA for you and get you started on saving for your retirement.
How to open an IRA
Opening an IRA at North Georgia Credit Union is easy. You can visit one of our branches or open an account online. We can help you choose the right IRA for you and get you started on saving for your retirement.
To view North Georgia Credit Union’s Roth IRA rates, please click here.
*North Georgia Credit Union provides no legal advice to members, and provides the foregoing information from a reliable resource to give our members a basic understanding of these services. You should consult with your tax or legal advisor regarding any particular and the current status of applicable federal and state laws.
Savasaurus Kids Club
Make saving fun and rewarding for your child with North Georgia Credit Union’s Savasaurus Kids Club!
Open to members 12 and under, the Savasaurus Kids Club is designed to teach young minds valuable financial habits.
- Early Lessons in Saving & Borrowing: We help your child understand the importance of saving money and using it responsibly.
- Engaging Events & Activities: The Savasaurus Kids Club keeps things exciting with contests, giveaways, and special appearances by Sunny the Savasaurus!
- Free Membership Kit: Every new member receives a fun-filled welcome kit including a pocket folder, book cover, coloring book, pencil, ruler, eraser, and a membership card.
Please contact us if you have any questions regarding the Savasaurus Kids Club.
Additional Information
Skip the Hassle, Embrace Convenience with NGCU Direct Deposit & Payroll Deduction Options
Whether you’re planning for the holidays, a dream vacation, or back-to-school expenses, our Special Savings Accounts offer the flexibility you need. Our Christmas Club is a great option for saving for the holidays, with funds automatically transferred to your Regular Savings Account on the first Monday of November.
North Georgia Credit Union (NGCU) makes managing your finances a breeze with Direct Deposit and Payroll Deduction.
- Effortless Direct Deposit: Arrange for your paycheck, Social Security, pension, or any recurring check to be deposited directly into your NGCU checking or savings account.
- Peace of Mind & Security: Enjoy the added security of knowing your funds are automatically deposited, eliminating the risk of lost or stolen checks.
- Automatic Savings: Set up Payroll Deduction to automatically transfer a portion of your paycheck to your savings account, helping you reach your financial goals effortlessly.
- Never Miss a Loan Payment: Schedule loan payments to be deducted automatically from your paycheck, ensuring you’re always on time and avoid late fees.
The National Credit Union Administration (NCUA) insures your NGCU accounts for up to $250,000. To learn more about NCUA coverage details, visit their website directly: http://www.mycreditunion.gov/protect/Pages/SI.aspx.
If you have any other questions, please contact us.
