Home ┬╗ Savings

Did you know NET has some of the best rates?

Beyond rates, there are a variety of ways to save money for your future. See products below which can help you save. ┬áDon’t forget to ask how we can also help you save money on your current loans!

  • Minimum balance is a low $5 and makes you a member-owner of the credit union*
  • No monthly maintenance fees
  • No annual maintenance fees

*Minimum balance to earn interest: $200

You are not limited to one savings account. Take advantage of direct deposit and payroll deductions to automatically deposit your paycheck into your different accounts, so you can save for vacation, education, special purchases, or any other occasion!

  • Christmas Clubs usually start the first week in October
  • At maturity Christmas Club funds deposited directly into a checking or savings account
  • Christmas Clubs can be started at any time of the year*

*Early Withdrawal: $15 fee

NET’s share certificate investment program includes:

  • All CD products, with exception to the youth CD, have a minimum balance requirement of $1,000
  • Terms available in months are: 3, 6, 12, 24, 36, 48, and 60
  • All CD products are considered member deposits. Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Individual Retirement Accounts (IRAs) are a form of retirement plan that provides tax advantages for retirement. The main advantage of an IRA is that you defer paying taxes on the earnings and growth of your savings until you actually withdraw the money.

  • Charge of $10.00 on rollovers and transfers
  • IRA Share Certificates for 12, 36, and 60 months are also available
  • Individualized advice is available by calling 570-961-5300

It is never too early to begin saving for retirement, and NET FCU has IRAs for every stage of your life.

Starting your career: As you start your career, start building your retirement plan. A Roth IRA can provide you with tax-free withdrawals when you retire.

Planning as a Couple: We can help both you and your spouse start IRAs. If you both qualify, you can both contribute to an IRA.

Flexibility for a Growing Family: Your IRA investment can be used for a first-time home purchase or qualified educational expenses.

Securing Your Retirement: If you?re nearing retirement, or even if you?re already retired, consider a safe, secure credit union IRA. As an added bonus, there are increased contribution limits if you are age 50 or older.

Call one of our IRA specialists today at 570-961-5300.

All IRA products are considered member deposits.? Rates subject to change on non-maturity deposit IRA?s at any time.? Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Youth Share Certificates – Encourage our Children to Save!

Make it a goal to consistently save until you have reached $250. You can then use that money to purchase a 6 month, Youth Share Certificate*.

*Six month term. Available for members up to 18 years of age. Minimum $250.

All CD products are considered member deposits.? Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Under the Federal Reserve Bank?s Regulation D, no more than a total of six transfers are allowed per calendar month from your Share Savings or Vacation Accounts.

Type of Transfer Does it Fall Under Reg D? Exceptions
Telephone Yes Share to Savings Loan Transfer
Audio Response Yes Share to Savings Loan Transfer
Home Banking Yes Share to Savings Loan Transfer
Overdrafts Yes No
Checks Payable to 3rd Party Yes No
Preauthorized Withdrawals Yes No
In Person at NET No
ATM Transfer No


Reg. D limits do not apply to share draft checking accounts. There is no limit to how many checks you may write or how many debit card transactions you can make.

What you can do to prevent exceeding the limit for Share Savings/Vacation Savings:

  • Have all pre-authorized withdrawals (insurance, utilities, etc.) withdrawn from Share Draft Checking
  • Reduce the number of transfers ? Keep sufficient funds in your Share Draft Checking account to cover your checks and withdrawals.
  • Transfer money from an ATM or in person at one of our offices. ATM and in-person transfers do not count against Reg D.
  • Deposit into Share Draft Checking – there is no limit on transfers from your Checking account to your Savings account.