Personal Savings Accounts

Let Us Provide A Savings Account That Takes Care of You 
smiliing lady with cup of tea

Regular Share Savings

Your Regular Share Savings Account establishes your membership at BMI Federal Credit Union. This account only requires a $5.00 minimum to open, and earns competitive dividends. Because it is considered your base account, it allows you to open SubShare Savings Accounts. SubShare Savings are subsequent savings accounts, allowing you to compartmentalize your money by category or person (e.g. family member). 

Change Jar

The BMI FCU Change Jar helps you save, even if you don't always remember. This service takes each debited transaction and rounds up to the nearest dollar, dropping the change into a special, high-yield Savings Account. Saving can be automatic!

Certificates and IRAs

Financial freedom comes from smart moves in savings and investment, and BMI FCU has the products and services to help. Certificates and IRAs are long-term savings and investment products.   

Much like stocks, bonds, and 401ks, these products are designed with your future in mind. However BMI FCU products are also designed with your peace of mind. These products include Bump Certificates, Youth Certificates, Share Certificates and IRAs, and Certificate Specials. Visit our Certificates and IRA page to learn more about each product. 

Money Market Accounts

A Money Market Account is perfect for our members who hold $2,500 or higher in savings. While this account requires a higher minimum balance, it does earn a better interest rate. If you already maintain or plan on holding onto more of your savings, this account is perfect for you. Dividends are tiered according to your minimum savings balance. Our Platinum Plus Money Market Account deducts no monthly fee, but requires a minimum balance of $50,000.

Holiday Club Savings Account

For many of us, our financial accounts see the most activity during the holidays. Sales encourage us to save our shopping for the Fall, the holidays cost us in gifts and donations, and those cold winter months cause a spike in our energy bills. Not to mention your family coming into town! Going into debt should not be on your mind. 

A Holiday Club Account can be opened at any time throughout the year. Begin making deposits to this account, and earn a higher rate than your regular Savings Account. BMI FCU then deposits the amount saved on November 1 straight into your Regular Savings or Checking Account.

Open a New Savings Account with BMI Federal Credit Union

Product Minimum Maximum Rate APY1Print Savings Page
Regular Share Savings $5 0.05% 0.05%
Holiday Club 0.20% 0.20%
Plus Money Market $2,500 $9,999 0.20% 0.20%
Plus Money Market $10,000 $24,999 0.25% 0.25%
Plus Money Market $25,000 0.35% 0.35%
Platinum Plus Money Market $50,000 0.40% 0.40%
Rates effective 12:00 am on Saturday, March 31, 2018
1 APY = Annual Percentage Yield. Rates are subject to change without notice. Fees such as a penalty for early withdrawal may reduce earnings.

You can open these accounts when you log into Online Banking, over the phone at (614)707-4000, or in any of our five branches.

As a member of BMI Federal Credit Union, your funds are now insured by the National Credit Union Administration (NCUA) for up to $250,000. Plus, you have an additional $250,000 of Insurance through the Excess Share Insurance Corporation (ESI), for up to a total of $500,000 in insurance*.

*The National Credit Union Association (NCUA) provides $250,000 per depositor per ownership category, which is equal to that of the Federal Deposit Insurance Corporation (FDIC). Banks insured by the FDIC therefore do not provide any more in insurance coverage than BMI Federal Credit Union.

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