Share Savings Account
We offer a variety of basic savings accounts including Regular, Special Savings and Holiday Club Savings Accounts. When you open a share savings account, you become an owner in Sonoma Federal Credit Union. A $5 deposit into a share savings account is required to establish your membership ($100 balance required to earn dividends). This account offers a variety of benefits including:
- Competitive dividend rates
- Dividend rates may increase as balances grow
- Up to 6 withdrawals per month penalty-free
- Direct deposit available
- Receipts and quarterly statements replace passbooks
- Dividends compounded and paid monthly
Special Share Savings
These accounts are available at the same rates and terms as a Share Savings account. Use these accounts to assist you with budgeting for future bills that need to be paid such as property taxes or insurances or special occasions or purchases such as vacations, weddings or that big screen TV. You can actually have your special share savings titled with a specific name chosen by you, for example: taxes or wedding.
Premium Share Savings
The more you save the higher the returns.
If you have a small amount of savings that you need to keep liquid and want to earn a higher dividend the more you save, the Premium Share Savings account from Sonoma Federal Credit Union is a great option. Tiered interest rates mean the more you save, the more you earn.
- Tiers start at $1,000* and top out at $200,000
- Dividend are paid monthly
To get started Sonoma Federal Credit Union members may drop by or mail an initial opening deposit of $1,000 or more to the credit union. Be sure to include a note that the money is for a new Premium Share account. If you would like to become a member and start saving today complete the membership inquiry by clicking here.
*Balances below $1,000 do not earn dividends. Rates adjust automatically between tiers and can change at any time.
Holiday Club Savings
This is an easy way to save for any holiday. You can have direct deposits from your Share Savings account or checking account to your holiday club savings on a monthly basis. The Holiday Club Savings may pay a higher dividend rate from time to time. The terms are the same as the Share Savings account.