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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 month free of charge. After three withdrawals in one month 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 Community FCU, contact us.

Club Accounts

At MidSouth Community 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.
• Discount Rate on Loans: Available to qualified applicants if $3,500 aggregate balance is maintained.
• Bonus rate on share certificates of deposit: Available when an aggregate balance of $3,500 is maintained.
• Special Trips**: Gold Star Club members who use MidSouth Community 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 Community 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.
  
  *No monthly fees apply to Gold Star members over the age of 64.
  ** 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.

Holiday Club

Start planning early for Christmas expenses. At MidSouth Community 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 Community 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.
• No fee to use coin machine
• 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.
• 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.

*Some restrictions may apply.

Johnny Appleseed Club

The Johnny Appleseed Account is a program designed especially for our young savers age 12 and under.

Johnny Appleseed Services:

• Savings Account
  Earn dividends on account with average daily balances of $100 or more.
• Johnny Appleseed Share Certificates
  Starting at $500, you can earn a higher interest rate on your money.
• No fee to use coin machine
• Upon enrolling your child receives a colorful Johnny Appleseed calendar for the current year, which includes a dime-saver apple bank, an official Johnny Appleseed membership card and three activity pages. Your child will also receive a custom MidSouth Apple Bank and a savings account passbook.
• Each year, 6 lucky Johnny Appleseed members will get the chance to win an 8 foot tall Christmas Stocking full of fun toys!
• Members will receive a card on their birthday from Johnny Appleseed.
  When members bring their birthday card into any MidSouth Community FCU location, they receive a gift.

Please contact us if you have any questions about Club Accounts.