Your membership at Arkansas Employees Federal Credit Union starts with a Share Savings Account (savings in credit unions are called shares). Your regular share account is opened automatically when you join, for a minimum deposit of only $5.00. This initial $5.00 must remain on deposit to retain your membership. Additional deposits or withdrawals may be made in any amount. There are no fees involved with this account, and dividends are paid at the end of each quarter.
Minimum deposit required to open: $5.00
Dividends calculated on average daily balance for the quarter:
Tier 1…$100.00 – $4,999.99
Tier 2…$5,000.00 and above
Money Market Savings
Members have an opportunity to increase their earnings with our Money Market Account by maintaining higher balances!
$2,500.00 minimum balance required
Dividends compounded and posted monthly
If balance falls below $2,500.00, remaining funds will be transferred to regular savings account
Christmas Club Savings Account
When you open a Christmas Club account at AEFCU, you can relax during the holidays knowing that you are prepared. These types of accounts are essentially short-term savings accounts. You open a Christmas club savings account in January. The account is left open through the end of October, at which time you can withdraw the money on November 1 to fund your shopping!
No minimum balance
Dividends compounded and posted quarterly
Funds may be withdrawn once per Christmas Club year