At Augusta County Federal Credit Union, we can make saving as painless as possible with a variety of savings plans ... Regular Share Accounts,  Christmas Club Accounts, and Certificate of Deposit Accounts.  All of these accounts may have a joint owner.
 
This is how each plan works:
 
Regular Share Account -- The minimum balance required is your $5.00 membership fee.  The dividends are calculated on a daily balance, compounded quarterly and paid quarterly. You must have a balance of $100.00 to earn dividends.  Statements are mailed quarterly.
 
Christmas Club -- There is no minimum balance required. Use this account and you'll give yourself the first gift of the holiday season ... cash! The account earns dividends just like the regular share account. 
 
Certificate of Deposit Accounts -- 1 year certificates are available with a minimum balance of $500.  Dividends are compounded on a daily basis and credited quarterly.  Early redemption will result in the loss of 90 days of dividends.  You will never lose the value of your initial investment.
 
A Hidden "Dividend" -- As a member your account earns Life Savings Insurance for you at no direct cost.  Provided you are insurable, the balance in your regular share account up to $2,000 earns life insurance coverage. Benefits are based on your share balance and your age at death.