Savings Accounts

Regular Share/Savings Account

When you become a member of the credit union a savings account is opened in your name. An initial deposit of $5 is required. All members must maintain a $5 balance in their savings account to remain a member, and demonstrate regular activity in their account to keep it open. The $5 required to open your account is not a fee.

Other features of Regular Savings include:

A competitive interest rate paid quarterly on the average daily balance in your savings account. Click here for current rate information.
Withdrawals: To withdraw money from your savings account, simply stop by a credit union branch or go to an ATM terminal. Members may make up to three savings withdrawals per quarter free of charge. After three withdrawals in one quarter a $5 charge per excessive withdrawal is applied if your savings account balance is under $500.
Online access to your account.
Quarterly statements by mail.
Payroll deduction: You may have deposits to your savings account deducted directly from your paycheck.

If you have any other questions about regular savings accounts at MidSouth FCU, contact us.

Smart Savers Account

The Smart Savers Account is a savings account available to members who want a higher yield on their deposits. Opening deposit is $1,000 and an ATM card is available for withdrawals.

The features of the Smart Saver Account include:

EZ Call audio response access
Night deposit access
Direct deposit
Consolidated statements
Payroll deduction
ACH
Shared service center access
ATM card with 5 free transactions per month
Higher yields than the regular savings account
A competitive dividend rate

Please contact us if you have any questions about Smart Savers Accounts.

Club Accounts

At MidSouth FCU, you can open a Club account and save!

Features included in the Club Account include:

A competitive dividend rate
Access through EZ Call, our 24-hour audio response system and Home Banking
Quarterly statement
Payroll deduction for convenient automatic deposits
Deposits at any branch or by mail

Gold Star Club

The Gold Star Club is a special club for credit union members 55 and over or retired.

Features of the Gold Star Club include:

Checking: A checking account with Home Banking, no monthly fees, and free personalized checks.
Bonus rate share certificates of deposit: One-quarter percent bonus rate on high-yield, fixed term share certificates of deposit available when an aggregate balance of $3,500 is maintained.
Bonus rate loans*: Receive one-quarter percent discount on all installment loans. Available to qualified applicants if $3,500 aggregate balance is maintained.
Special Trips**: Gold Star Club members who use MidSouth Federal Credit Union as their primary financial institution are invited on annual trips. Destinations have included Savannah, Helen and the north Georgia mountains, Callaway Gardens, Lake Lanier Islands, Chateau Elan, The Biltmore Estate, Chattanooga, and many Atlanta attractions. MidSouth FCU sponsors these trips by paying approximately half the cost for each member and guest who participate in a one-day trip. And the credit union pays a portion of the overall cost for the overnight trips. These special Gold Star trips are MidSouth's way of saying “thank you” to our loyal members.
** Available to Gold Star members who maintain an aggregate balance of $3,500.00 or more or who have a current loan balance of at least $7,000.00.

**Available to Qualified applicants if $3,500 aggregate balance is maintained.

Holiday Club

Start planning early for Christmas expenses. At MidSouth FCU, you can open a Holiday Club Account and save for that special time of year. You can deposit any amount that you want as often as you want, and your balances earn the same dividends on average daily balances of $100+. Withdrawals can be made from your Holiday Club Account from November 1 - December 31 each year.

Features included in the Holiday Club Account include:

A competitive dividend rate
Quarterly statements
You may automatically deposit funds into your account through Payroll Deduction

Teen Advantage Club

The Teen Advantage Account* is a program designed specifically for the youth (age 13-17) of MidSouth FCU.
Teen Advantage focuses on teaching and developing financial responsibility and money management skills to young people.

Teen Advantage Services:

Savings Account
Earn dividends on accounts with average daily balances of $100 or more.
Teen Advantage Share Certificates
Starting at $500, you can earn a higher interest rate on your money.
Joint Checking Account (age 15 - 17)
This is a no-fee checking account that will allow you to sign your own checks. Get your first set of checks free and a Teen Advantage Budget Planner with a $50.00 deposit. Restrictions apply.
Secured Visa® Credit Card (age 16 & up)
Build a good credit rating now with a Secured Visa to make it easier to qualify for future loans. Restrictions apply.
Stafford Student Loan
MidSouth can be your lending institution for the Stafford Student Loan.
Scholarship Program - Two scholarships each year
One High School Scholarship for $4,000 and one Continuing Education Scholarship for $2,000 are awarded each year. Applications are available February - April. For more information on scholarships click here.