The savings account is the basic account for all of our members. Every credit union member is required to open a savings account, and must maintain a minimum balance of $5.00 in this account to maintain your membership. This account functions like most other savings accounts that you would find at other institutions. You may make deposits, withdrawals, direct deposits and more from your CSE savings account.
The minimum balance needed to earn dividends on this account is $100.00 for adults and $25.00 for children who have an M3 Kids account or Elements of Money Teen account.
Current Savings Rates
At CSE, we still offer and strongly believe in a free checking account with no minimum balance requirement. CSE’s checking offers flexibility and there are no limits to what you can do with it! A CSE Debit MasterCard is the perfect partner to this account. Use your debit card as often as you would like. Pay bills, transfer funds, deposit, withdraw and more with your free checking account from CSE!
Courtesy Pay Overdraft Protection
Courtesy Pay is one more way we can help you meet unexpected financial needs.
At CSE, we understand everyone needs an occasional safety net, which is why we offer Courtesy Pay overdraft protection. Courtesy Pay is a non-contractual courtesy, whereby we may honor your insufficient transactions up to your limit of $400, as long as you maintain your checking account in good standing (view our Courtesy Pay Policy
). Courtesy Pay does not guarantee that CSE will pay your insufficient item. However, if you have an overdraft, your account will be charged our standard $25 non-sufficient funds (NSF) fee.
overdraft coverage will be automatically available for checks, automatic bill payments and other debit transactions. If you would like overdraft coverage for your ATM withdrawals and everyday debit card purchases, simply ask us.
For more details regarding your options for overdraft coverage, please refer to "What You Need to Know About Overdrafts and Overdraft Fees".
This account traditionally earns a higher rate of return than the share account. Interest is compounded weekly. Guidelines for this account are:
- Minimum average daily balance of $1,000.00 to earn interest
- Minimum withdrawal of $500.00
- Maximum 3 withdrawals per month
The minimum amount for a Term Share Certificate is $500.00. Certificate rates are reviewed and set monthly by the credit union's Board of Directors. There is a penalty for early withdrawals. CSE offers several Term Share Certificates:
- 91 Day
- 6 Month
- 1 Year
- 18 Month
- 2 Year
- 3 Year
- 4 Year
- 5 Year
Current Certificate Rates
CSE offers two club accounts - a Christmas Club and a Vacation Club. These accounts may be opened anytime during the year. Christmas Club funds are disbursed on November 1st and Vacation Club funds on April 1st.
The credit union offers Traditional, Roth and Coverdell Educational IRAs for your financial planning. Rates are reviewed and set monthly by the credit union's Board of Directors. There is a penalty for early withdrawals. Call for details.
Special savings accounts can be set up to help you save for a special purpose. These accounts are exactly the same as CSE’s Savings (Share) Accounts, but allow members to have an extra account for rainy days or other saving purposes. Please speak to a member service representative for details.