Checking & Savings

Checking

Compare and you’ll see the benefits to a Waterfront checking account

We don't believe a checking account should be difficult or that you should have to pay for it. In fact, we believe in paying YOU if you simply maintain a minimum of $500 in your account.

Here are all the great benefits our checking account has to offer:

  • Withdraw up to $1,500 cash from an ATM daily with your checking account’s EMV-enabled VISA Debit Card, along with worldwide acceptance
  • Access to over 30,000 surcharge-free ATMs nationwide through the CO-OP ATM Network
  • Easy online access to check balances, transfer funds and pay bills 24/7/365 with Waterfront@Home online banking and bill pay, or through our automated phone teller system
  • Mobile banking is here!
  • eStatements
  • Unlimited check writing
  • Reorder checks online
  • Direct Deposit
  • Overdraft protection from your regular share account
  • Courtesy Pay*
  • No minimum balance required, but let’s not forget that we’ll pay you for having your checking with Waterfront if you maintain a monthly minimum of $500 in your account

*Other fees, such as insufficient funds, stop pay requests, and automatic overdraft protection transfer fees may apply. Click here for our Courtesy Pay Opt-in and Disclosure information.

Savings Accounts

If you're looking to earn more on your money, consider one of our savings accounts.

Regular Share Savings Account

Our share savings account earns competitive dividends, so the more you save, the more you’ll earn.

  • Competitive rates
  • Automatically set aside savings
  • Low minimum deposit
  • No monthly service fee
  • Easy online access to check balances and transfer funds 24/7/365 with Waterfront@Home online banking, or through our automated phone teller system
  • Direct Deposit of payroll or social security

Set-it & Forget-it Savings Account

A savings account created for life’s major events and purchases such as the holidays, a vacation, wedding—anything you can think of!

Our Set-it & Forget-it Savings Account lets you save money all year long. You simply preset the amount you want automatically deposited into this account each month (must be $25 or greater) and that's it—you're all set to save! And you can choose to deposit more into this account at any time. Then just sit back and watch your savings—plus dividends—grow. Come the first business day in November, a check or transfer is done for the total amount in your account at that time and then you can spend the funds on whatever you want or need.

Fill Out the Form & Email, Fax or Bring it By Today!

*$50 Giveaway: No purchase necessary. Deposit is valued at $50 and will be deposited into one randomly selected member's Set It and Forget It Savings Account. Automatic entry to win $50 deposit with new Set It And Forget It Account opened between 1/2/2023 - 2/28/2023. Chances of winning dependent on number of eligible entries received. Visit waterfrontfcu.org for account details/information and official rules. Federally insured by NCUA.

Share Certificates

A Share Certificate is an excellent choice to earn high rates on risk-free, short- to medium-term deposits. Your rate is guaranteed for the deposit term and your deposits are Federally Insured by the NCUA.

  • Terms ranging from 30 days to 60 months/5 years
  • Competitive rates
  • Low minimum deposit
  • No penalty on your principal deposit
  • Interest-impact penalties for early withdrawal of funds
  • Easy online access to check balances and transfer funds 24/7/365 with Waterfront@Home online banking, or through our automated phone teller system
  • Deposit funds are Federally Insured by the NCUA up to $250,000

Individual Retirement Accounts (IRAs)

Don’t let the name fool you because while Individual Retirement Accounts (IRAs) are an ideal method to save for retirement, you can also use them for other big expenditures like education and possibly the purchase of your first home.

All of our following IRA accounts include:

  • Competitive rates
  • Automatic savings plan
  • Funds are Federally Insured by the NCUA up to $250,000
  • Rollover of retirement funds
  • Easy online access to check balances and transfer funds 24/7/365 with Waterfront@Home online banking, or through our automated phone teller system

Traditional IRA

  • Invest up to $5,500 annually or $6,500 if you're age 50 or older
  • Contributions may be tax deductible (see a tax advisor)
  • All earnings on your IRA are tax-deferred until withdrawn
  • Withdrawals from the account may be made penalty-free before age 59 1/2 to help finance qualified higher education expenses and qualified first-time home purchase (see a tax advisor)

Roth IRA

  • Invest up to $5,500 annually or $6,500 if you're age 50 or older
  • Contributions are not tax deductible
  • No tax on earnings for qualified distributions
  • Withdraw contributions tax-free any time

Coverdell Education Savings Accounts

  • Invest up to $2,000 per child per year
  • Contributions are not tax deductible
  • Withdraw funds tax-free and IRA penalty-free to finance qualified higher education expenses

Contact us to sign-up or rollover retirement distribution. Click here to learn more about IRAs in general.

How to Save

Saving with a purpose is the secret to making your goals a reality. This Coach session will help you set concrete savings goals and show you how much you need to save every month to reach them. To begin the Coach session, select Get Started. Next, follow along, answer questions, and provide information when asked.

 
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