Savings

Watch Your Money Grow!

Ravalli County Credit Union offers many opportunities to save and invest with a variety of savings-type accounts and share certificates. All of the accounts are insured up to $250,000 by the National Credit Union Administration (NCUA). 

Share Savings

WINcentive Savings Account (WSA)

Investment Accounts

Christmas Club

Share Certificates (CDs)

Health Savings Account

Share Savings

You can open a Regular Share Account with a deposit of just $5.00. Your share account is a basic membership account representing your ownership in the credit union.

Your membership gives you access to our friendly member service and the full range of financial opportunities that we offer.

Christmas Club

The Christmas Club savings plan allows you to save from November to October. At the end of October, we will mail your check just in time for all the Holiday sales!

Next time you are in, ask one of our friendly Member Service Representatives how you can start saving for Christmas today.

*Dividends will be added to your account at maturity.

WINcentive Savings Account (WSA)

WINcentive Savings offers prize drawing entries in return for each time you increase your savings balance by $25 (up to 4 entries per month)*. Prize drawings occur monthly, quarterly and annually – so the more you save, the more chances you have to win! You could even end up winning the grand prize of $5,000!

Is saving money a challenge? If you are struggling to save, consider the WINcentive Savings account. You can improve your money habits in a whole new way that actually makes saving FUN. You’ll feel rewarded by watching your savings grow, and experience the excitement of the prize drawings! And unlike playing the lottery, you don’t lose anything with WINcentive Savings. All of the money you deposit into the account is yours!

*See the credit union for complete terms, conditions, and official rules. Federally insured by NCUA.

READY TO OPEN YOUR SAVINGS ACCOUNT?

Email, stop by your local branch, or call 406-363-4631 today!

Investment Accounts

Savings incentives and other benefits make this a great way to introduce young people to the world of finance. It only takes $5 to establish membership.

Share Certificates (CDs)

Share Certificates are offered in 6, 12, 18 and 30-month terms. Rates vary by length of term and are subject to change.

You may open yours with as little as $500!

Money Market Accounts

The minimum balance required to open a Money Market Savings Account is $1,000. You must maintain a minimum daily balance of $1,000 in your account to obtain the disclosed annual percentage yield.

Dividends will be compounded monthly and credited to your account on the last business day of the month.

Educational IRAs

Unlike Traditional and Roth IRAs, Educational IRAs are not tolls for retirement savings. They are designed solely to help pay for higher education expenses and are subject to unique advantages.

Earnings on the funds in an Educational IRA will be tax-free if they are used to pay for higher education expenses before the designated beneficiary reaches age 30. The earnings are taxable to the designated beneficiary (not the responsible individual or contributor) if they are withdrawn for any other purpose.

An Education IRA encourages a regular savings program for a child’s education. Persons, such as grandparents, can fund this type of savings and in many instances, funds can be moved from one family member’s account to another’s.

Roth IRAs

A Roth IRA is an individual retirement account to which participants are able to make annual non-deductible contributions. Unlike a traditional IRA in which your earnings are tax-deferred, Roth IRA earnings can be tax-free.

You may be eligible to convert your traditional IRA to a Roth IRA, ask one of our Member Service Representatives for more information regarding these conversions.

Qualified distributions may be withdrawn tax and penalty-free. Non-qualified distributions may be taxable and subject to an IRS 10% early distribution penalty.

Health Savings Account – HSA

A health care plan combining cost savings with flexibility. To open an HSA, you must select a high-deductible health plan.

Unlike contributions to a flexible spending account, the balance of your HSA at the end of the year is carried over to the next year.

You will be able to deduct your contributions to your HSA and the account earnings will accumulate on a tax-deferred basis. Best of all, distributions from your HSA are tax-free if they are used for qualified medical expenses.

HSA Benefits:

  • Protection – Opportunity to save money to pay high or unexpected medical expenses
  • Affordability – High health insurance policy deductibles mean lower premiums
  • Savings – The ability to deduct your contributions and the tax deferral of account earnings enable you to build your account
  • Flexibility – You can contribute at any time during the year and your HSA balance rolls over from year to year
  • Portability – You own the account so you can take it with you where ever you go, regardless of job changes

Savings Rates

Savings & IRA Deposit Rates
Description Rate APY Minimum Balance Minimum Balance to Earn Dividends
Primary Shares 0.25% 0.25% $5 $74
Sub Shares 0.25% 0.25% $0 $74
Wincentive Share Savings 0.03% 0.03% $5 $610
Christmas Club 0.35% 0.35% $0 $53
Medical Savings 0.25% 0.25% $0 $74
Health Savings 0.25% 0.25% $0 $74
Money Market 0.65% 0.65% $1,000 $1,000
Checking 0.00% 0.00% $0 N/A
Traditional IRA 0.50% 0.50% $100 $100
Educational IRA 0.50% 0.50% $100 $100
Roth Conversion 0.50% 0.50% $100 $100
Roth Accumulation 0.50% 0.50% $100 $100
SEP 0.50% 0.50% $100 $100
*APY = Annual Percentage Yield. Rates are subject to change at any time.
Share Certificate Deposit Rates
Description Rate APY* Minimum Balance
9 Month Certificate (SPECIAL)** 3.00% 3.03% $5,000
6 Month Certificate 2.00% 2.01% $500
12 Month Certificate 1.00% 1.00% $500
18 Month Certificate 0.75% 0.75% $500
30 Month Certificate 0.50% 0.50% $500
60 Month Certificate 0.40% 0.40% $500
*APY = Annual Percentage Yield. Rates are subject to change at any time.
** Must be a member minimum 6 months.
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