Notice: Please be aware of phishing scams trying to collect your personal information. Do not provide personal information, account numbers or PINs over the phone or through text message. Kinetic Credit Union never contacts you proactively to ask for this information.
Savings
There are several Kinetic Savings account options so you can find one that fits your needs.
Effective Date: [effective-date]
|
Regular Savings
Account Type Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit Regular Savings 0.10%/ 0.10% $25.00 All members open a Regular Savings account upon joining Kinetic Credit Union. A minimum deposit of $25 is maintained in this account and serves as your share ownership in the credit union.
greenkids
Account Type Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit Greenkids 0.10%/ 0.10% $5.00 
This special account is just for kids age 12 and younger. The Kinetic Credit Union greenkids account helps parents teach children the value of saving at a young age. When your child makes a deposit at any Kinetic Credit Union office, they receive a stamp in their transaction register and earn great prizes.
Xtreme Savers
Account Type Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit Xtreme Savers (Ages 13-17) 0.10%/ 0.10% $25.00 
This special account is just for teenagers age 13–17. The Kinetic Credit Union Xtreme Savers Account is designed to help teenagers learn the importance of good savings habits.
Prime Club
Account Type Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit Prime Club Savings 0.20%/ 0.20% $25.00 Kinetic’s Prime Club is available for members age 50 and older. Those enrolled enjoy the following benefits:
- Bonus rates on Prime Club Savings
- Bonus rates on certificates (Certificate Restrictions Apply)
- Free Notary service
- Discount Safe Deposit Box
- Direct deposit
- Annual Financial Checkup
Christmas Savings
Account Type Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit Christmas Savings 0.20%/ 0.20% $5.00 Kinetic Credit Union helps you prepare for your holiday expenses by offering a Christmas Savings account. Deposit at your convenience, or have regular allotments deducted from your direct deposit. Your Christmas Savings balance is automatically transferred to your Regular Savings account on October 1 each year.
Tax Savings
Account Type Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit Tax savings 0.20%/ 0.20% $5.00 Save for your tax expenses throughout the year and earn dividends with Kinetic Credit Union’s Tax Savings account. Deposit at your convenience or have regular allotments deducted from your direct deposit. Your Tax Savings balance is automatically transferred to your Regular Savings account on April 1 each year.
Money Market Savings
Account Type Dividend Rate/ Annual Percentage Yield (APY) Money Market
$250.00 to $2,499.990.15%/ 0.15% Money Market
$2,500.00 to $49,999.990.35%/ 0.35% Money Market
$50,000.00 or Greater0.45%/ 0.45% A Kinetic Credit Union Money Market account is an ideal way to earn more on your savings while still having access to your cash while you need it. This account gives you a higher dividend rate than a Regular Savings account, while maintaining many of the same benefits. These include:
- No monthly maintenance fee
- No minimum withdrawal amount
- Minimum balance of $250 required
IRA Savings (Traditional & Roth)
Account Type Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit IRA Savings (Traditional & Roth) 0.35% / 0.35% $5.00 Kinetic offers both traditional and Roth accounts.
IRAs are a great way to prepare for your retirement years. Dividends may be tax deferred on your account until you begin withdrawing funds. In addition, depending on your income, contributions to your IRA may be tax deductible. Although Roth contributions are not tax deductible, you will never have to pay taxes on your earnings if you follow IRS regulations.
Benefits of an IRA include:
- Convenient payroll deduction available
- No maintenance fees
- Dividends compounded quarterly on the average daily balance