Savings Accounts

Savings Accounts

Helping You Chase Your Dreams and Prepare for Life's Journey

Need funds for a car, a vacation—or just a rainy day? Turn your dreams into reality by opening one of our Industrial Federal Credit Union Savings account options. Having multiple accounts dedicated to specific savings goals is a smart way to budget! You can even give them specific nicknames—like “Jim’s Man Cave”—to keep saving fun.

Become a Member Today

Your Savings Account establishes your membership at Industrial Federal Credit Union. As a member, you will experience IFCU difference and the commitment we have to both you and our community. Gather the following items beforehand for each person on the account in order to help the application go as quickly as possible:

  • Social Security Number
  • Government-issued Identification
  • Contact information ( mailing address, email address, drivers license number, etc. )
  • Current employment start date

Regular Share

If you are looking for a basic savings account service, the regular share account is a great place to start. This savings account establishes your membership here at IFCU. This tiered-rate account rewards you with the more your save, the more you earn.

Regular Share Savings Account Details:

  • One time $5 membership fee
  • Safe and unlimited access to your funds
  • Tiered-rate account
  • Access to protection, privileges and insurance services

Funds Manager

Put your dollars to work with a Funds Manager Savings account. A tiered-rate Funds Manager account offers both flexibility and higher dividend rates for members who maintain larger balances, but don't wish to lock into a fixed term certificate. Earn interest at increasingly higher rates as your balance increases.

Special Savings

We want to help you achieve your goals. This is an additional savings account that can be opened so that you can save for a special purpose (ie. wedding, baby, etc.). This account has competitive dividend rates, just like our Regular Savings account.

Christmas Club

The IFCU Christmas Club account is a simple way to set aside some cash each payday so that you’ll be ready when the holiday season comes around. Once the holidays arrive, IFCU will transfer your Christmas Club Savings into your savings and checking account or mail you a check upon request.

Christmas Club Account Details:

  • No minimum deposit
  • You can make deposits anytime throughout the year
  • Earn competitive dividends that are calculated and paid quarterly

Health Savings Account (HSA)

What Is A Health Savings Account?

A Health Savings Account (HSA) is a tax-free account that allows you to conveniently save and pay for your qualified health care expenses. Once you are enrolled in a qualified High Deductible Health Plan (HDHP), you're ready to talk with an IFCU Member Services Representative about establishing an HSA. Working together, these programs allow your money to work for you in two ways: You are able to accumulate savings to pay for current or future medical expenses, or you can use it to save money.

Why might an HSA be good for you?

A High Deductible Health Plan (HDHP) combined with the appropriate HSA allows your money to work for you. This combination allows you to accumulate savings to pay medical expenses.

  • Savings grow as investment earnings
  • You own the account even if life circumstances change
  • Funds are not forfeited if you don't use them
  • The funds you contribute stay local
  • Your HSA may provide tax deferred growth and, if used for appropriate medical expense, may never be taxed

You can trust IFCU and your HSA professional to help you choose the plan that is right for your needs and your budget. You can open an HSA at any IFCU Branch independently, or set up an account with your employer as well. Talk with one of our Member Services Representatives for additional information about starting your HSA.

Savings Bonds

IFCU redeems savings bonds for members only.


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