Accounts Content

Accounts

Personal Checking

Our HomeTown Checking Account is designed to help you simplify your life.

  • No minimum balance
  • No monthly service fee
  • No deposit to open
  • FREE debit card
  • FREE Online Account Access, Bill Pay, eStatements

Our Interest Checking Account is designed for those who want to earn interest on all their money.

  • $400 minimum balance
  • $4.00 fee if balance falls below $400
  • Dividends earned
  • FREE debit card
  • FREE Online Account Access, Bill Pay, eStatement

Our Masters Checking Account offers special advantages exclusively for our members who have reached the age of 59.

  • No minimum balance
  • No monthly service fee
  • Dividends earned
  • FREE debit card
  • FREE Online Account Access, Bill Pay, eStatement
  • FREE Masters Checks*
  • Reduced fee on safe deposit box

*A Masters Account entitles you to one FREE box of checks per year. Additional checks may be purchased at the regular retail check price.

Consider the Benefits of Direct Deposit:
  • Safe
  • Timely
  • Convenient
  • Reliable

You’ll love the freedom it gives you! Click here to get started.

Business and Organization Checking

HomeTown Credit Union offers a wide array of business & organization checking accounts to fit the needs of your sole proprietorship, partnership, corporation, non-profit or organization!

  • No minimum balance
  • No monthly service fee*
  • No deposit to open
  • FREE debit card
  • FREE Online Account Access, Bill Pay, eStatement

*Usage and per deposit fees may apply, see Account Rates below & Fee Schedule for more information.

Savings

Share Savings Account

Your membership in Home Town Credit Union begins when you open a Share Savings Account. Your first $10.00 in this account represents your share of ownership in the Credit Union. This share enables you to use all the products and services offered by the Credit Union, as well as providing you with the privilege of voting for your volunteer Board of Directors. Deposits can be made to your Share Savings Account in person, by mail, through payroll deduction, ACH origination and direct deposit. We offer a wide variety of savings products offering competitive rates to help you maximize your savings.

Holiday Club Account

A Holiday Club Account is the best gift you can give yourself! The holidays are much more enjoyable when you are financially prepared to make them special. It can help you be better prepared for holiday spending. It is convenient, easy and painless. Best of all. . .when the holidays arrive – you’re ready to enjoy them!

Holiday Club Accounts allow unlimited deposits throughout the year. Funds are released to your primary share account and made available on October 1 so you can get a jump on your  holiday shopping. Early withdrawals are subject to a $10.00 fee.

PayMeFirst Account

A PayMeFirst Account helps you make savings a habit! Set up a convenient electronic deposit of at least $15 per month and watch your savings grow with a competitive rate. Funds are available to withdraw without penalty when account balance is at least $500. Why pay everyone else but yourself? Open a PayMeFirst Account and save like you’ve never saved before!

IRAs

No fee, insured retirement accounts are one of the keys to a well-funded retirement. With an individual retirement account, saving money for your future and saving tax dollars go hand in hand. IRAs offer the luxury of tax-deferred earnings, which cuts your tax bill each year while you save for your future. Plus, you may even be eligible for tax-free earnings through Roth IRAs or tax-deductible contributions through traditional IRAs. And now you have more IRA choices than ever before: IRA money market savings accounts, Traditional IRAs, Roth IRAs and Coverdell Education Savings Accounts. For rates and terms, see Account Rates below. Contact a representative for more details on IRAs.

HSAs

A Health Savings Account (HSA) provides you with flexibility and control over your health care costs.

The Benefits of a HSA
  • Protection. Save money to pay high or unexpected medical bills.
  • Affordability. High health insurance policy deductibles mean lower premiums.
  • Savings. You may be able to deduct your contributions and defer taxes on account earnings.
  • 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 it goes where you go, regardless of any job changes.
Opening Your Health Savings Account

You are eligible for a HSA if you:

  • Are age 18 or older
  • Are enrolled in a high-deductible health plan (HDHP)
  • Are not enrolled in Medicare
  • Are not claimed as a dependent on someone else's tax return
  • Are not covered by a non-HDHP that provides any benefit also covered by your HDHP
What are the Limits for a High Deductible Health Plan (HDHP)?
2014
  • Minimum annual deductible of $1,250 for single and $2,500 for family
  • Maximum annual out-of-pocket of $6,350 for single and $12,700 for family
2015
  • Minimum annual deductible of $1,300 for single and $2,600 for family
  • Maximum annual out-of-pocket of $6,450 for single and $12,900 for family
Contributing to Your HSA

The maximum annual contribution to your HSA is the lesser of the annual deductible amount of your high deductible health plan or the amount listed below:

  • 2014 - $3,300 for single coverage and $6,550 for family coverage. If you are 55 or older, you can make an additional "catch up" contribution of $1,000.
  • 2015 - $3,350 for single coverage and $6,650 for family coverage. If you are 55 or older, you can make an additional "catch up" contribution of $1,000.

*The information above is not intended as tax advice. If you have tax-related questions, please consult a tax professional.

Certificate

Share Certificates are ideal for the saver who wants a guaranteed return. The rate in effect when the certificate is purchased is guaranteed until maturity. Higher rates are offered on certificates with a $5,000 minimum balance. Penalties for early withdrawal do apply. Dividends compound monthly. Choose from a variety of terms.

Money Market

Our Money Market Account offers the flexibility of keeping your money liquid while paying a higher dividend rate than a Share Savings Account. The higher your balance, the more you earn on your money. You can make up to three withdrawals per month and you can deposit as often as you wish. 

Youth Accounts

Home Town Credit Union believes that the key to a successful future is a solid foundation of financial literacy. We are here to help with youth specific accounts and guidance to help young people master their sharing, savings and spending!

Membership and Account Agreement

Click here for details.

Account Rates

For your convenience, we are providing several on-line loan calculators to assist you in your financial planning. Following the links below or using the navigational buttons on the left will take you to your choice.

Rates are subject to change. Call 1-888-451-3798 for current rates. Loan rates quoted are LOWEST rates available and MAY VARY based on age of collateral, term of loan and applicant's credit history. Fixed rates quoted include a .50% discount for automatic payment. Other conditions may apply.

Savings Rates - Rates Effective February 10, 2017
Account TypeDividend RateAPY
Money Market $9,999.99 or below 0.100.10
Money Market $10,000.00 – $24,999.99 0.200.20
Money Market $25,000.00 – $49,999.99 0.300.30
Money Market $50,000.00 – $99,999.99 0.400.40
Money Market $100,000.00 – $499,999.00 0.500.50
Money Market $500,000.00 and above 0.100.10
Share Savings/Education IRA Savings / $10.00 minimum 0.050.05
IRA & Roth Money Market $9,999.99 or below 0.100.10
IRA & Roth IRA Money Market $10,000.00 – $24,999.99 0.200.20
IRA & Roth IRA Money Market $25,000.00 – $49,999.99 0.300.30
IRA & Roth IRA Money Market $50,000.00 – $99,999.99 0.400.40
IRA & Roth IRA Money Market $100,000.00 – $499,999.99 0.500.50
IRA & Roth IRA Money Market $500,000.00 and above 0.100.10
Interest Checking 0.050.05
Health Savings Account $9,999.99 or below 0.100.10
Health Savings Account $10,000.00 and above 0.200.20
Pay ME First Account $2,500.00 or below** 0.400.40
Pay ME First Account $2,500.01 or above** 0.100.10

*APY = Annual Percentage Yield
Annual Percentage Yield will fluctuate with the market and other economic conditions.
Past performance does not guarantee future results.

** Pay ME First Account requires at least one (1) electronic deposit
during each calendar month in the amount of $15.00 or more.
 
Fees may reduce earnings on account.

Share Certificate Rates - Rates effective March 17, 2017
Account TypeDividend RateAPY
6 – 11 Months / $500.00 minimum 0.200.20
6 -11 Months / $500.00 minimum with “ACTIVE” Credit Union Checking Account 0.350.35
12 – 23 Months / $500.00 minimum 0.250.25
12 – 23 Months / $500.00 minimum with “ACTIVE” Credit Union Checking Account 0.500.50
24 – 35 Months / $500.00 minimum** 0.650.65
24 – 35 Months / $500.00 minimum** with “ACTIVE” Credit Union Checking Account 0.900.90
36 – 47 Months/ $500.00 minimum** 0.850.85
36 – 47 Months/ $500.00 minimum** with “ACTIVE” Credit Union Checking Account 1.091.10
48 – 59 Months/ $500.00 minimum 1.391.40
48 – 59 Months/ $500.00 minimum with “ACTIVE” Credit Union Checking Account 1.6361.65
60 Months / $500.00 minimum 1.6361.65
60 Months / $500.00 minimum with “ACTIVE” Credit Union Checking Account 1.8831.90
6 – 11 Months / $10,000.00 minimum 0.200.20
6 – 11 Months / $10,000.00 minimum with “ACTIVE” Credit Union Checking Account 0.450.45
12 – 23 Months / $10,000.00 minimum 0.350.35
12 – 23 Months / $10,000.00 minimum with “ACTIVE” Credit Union Checking Account 0.600.60
24 – 35 Months / $10,000.00 minimum** 0.750.75
24 – 35 Months / $10,000.00 minimum** with “ACTIVE” Credit Union Checking Account 0.9951.00
36 – 47 Months/ $10,000.00 minimum** 0.950.95
36 – 47 Months/ $10,000.00 minimum** with “ACTIVE” Credit Union Checking Account 1.191.20
48 – 59 Months/ $10,000.00 minimum 1.4881.50
48 – 59 Months/ $10,000.00 minimum with “ACTIVE” Credit Union Checking Account 1.7341.75
60 Months / $10,000.00 minimum 1.7341.75
60 Months / $10,000.00 minimum with “ACTIVE” Credit Union Checking Account 1.9822.00

*APY = Annual Percentage Yield
*ACTIVE Checking Account = An existing account with Direct Deposit  or another form of electronic activity.
** Jump-up option is available for any term within this range.
 
Jump-up may be exercised one time during original term of the certificate.
Account holder may be subject to early withdrawal penalty.