Please ensure Javascript is enabled for purposes of website accessibility
Skip to main content

Personal Savings


Tuck it away for a rainy day or save for your future with an IRA. Future you will thank you. Firelands Federal Credit Union has the personal savings strategies to advance your dreams.

What You Get When You Open a

Share Savings Account

  • checkmark

    Gain membership to Firelands Federal Credit Union

  • checkmark

    Earn competitive dividends on balances of $100 or more

  • checkmark

    Dividends compounded daily and paid quarterly

  • checkmark

    Avoid the $5 minimum balance fee by maintaining a $100 minimum daily average balance

  • checkmark

    Unlimited withdrawals (6 unsigned transfers allowed per month)

  • checkmark

    Free digital banking

  • checkmark

    Surcharge-free ATMs and Shared Branching available

  • checkmark

    $5 minimum deposit to open

  • checkmark

    FREE eReceipts

Ready to open your Share Savings Account?

Round Up Savings

Put a little extra change in your pocket with Firelands Federal Credit Union’s Round Up & Save Program.

Every time you use your Visa® debit card purchase, we will round your purchase amount up to the next whole dollar and deposit the difference into your savings account of choice.

Round Up Savings earn a higher dividend rate than our regular Share Account for balances of $25.00 and up!

(All deposits to the Round Up Savings Account come from rounded up debit card transactions. Outside cash deposits or transfers to this account are not available.)

What You Get When You Open a

Youth Savings Account

Kids Saving Club
  • checkmark

    Available to young savers up to 12 years old

  • checkmark

    Competitive dividends on balances of $5 or more

  • checkmark

    No monthly service fees

  • checkmark

    No minimum balance requirements

  • checkmark

    Choose a gift from the Treasure Chest with every deposit

  • checkmark

    Quarterly youth newsletter

  • checkmark

    Youth activities held throughout the year

  • checkmark

    Special Term Share Certificate rates

  • checkmark

    Free digital banking

  • checkmark

    Surcharge-free ATMs and Shared Branching available

  • checkmark

    $5 minimum deposit to open (Must show proof of Social Security Number, Passport, or other acceptable government-issued ID to open account.)

Smart Start Teen Club
  • checkmark

    Available to teens ages 13-17 years old

  • checkmark

    Competitive dividends on balances of $5 or more

  • checkmark

    No monthly service fees

  • checkmark

    No minimum balance requirements

  • checkmark

    Special Term Share Certificate rates

  • checkmark

    Free digital banking

  • checkmark

    Surcharge-free ATMs and Shared Branching available

  • checkmark

    $5 minimum deposit to open

Additional Products for Teens
  • checkmark

    Checking account

  • checkmark

    Visa® ATM/debit card — limit varies based on age

  • checkmark

    $200 limit ages 13-15

  • checkmark

    $300 limit ages 16-17

  • checkmark

    You may apply for a Visa credit card with a limit of $100-$200 (a qualified parent or legal guardian co-signer is required).

  • checkmark

    You may apply for a Smart Start Teen Club Loan for $50-$500 for up to 12 months at 1.50% below our signature loan rate (a qualified parent or legal guardian co-signer is required).

Ready to open your Youth Savings Account?

Introducing FamZoo:

Debit Cards for Kids

Ready to get your FamZoo card?

Firelands FCU has partnered with FamZoo to provide educational debit cards for kids and teens.

FamZoo cards are designed specifically to prepare kids and teens for the adult financial world in a safe, parent-moderated environment. 


Safe Reloadable Prepaid Debit Cards
checkmark Widely accepted online, in stores, and abroad.
checkmark Secure EMV chip technology.
checkmark Support for Apple Pay and popular digital wallets.
checkmark MasterCard® Zero Liability Protection.
checkmark FDIC insured.
Educational Family Finance App

checkmark Automate allowance and chore payments.

checkmark Split funds between spend, save, give.

checkmark Track all card activity in real-time.

checkmark Review, approve family money requests.

checkmark Lock and unlock cards.

checkmark Encourage saving with parent-paid interest.

checkmark Set and track savings goals.

checkmark Schedule family billing to share expenses.

checkmark Track IOUs between family members.

Good Money Habits
checkmark Earn diligently.
checkmark Spend wisely.

checkmark Save patiently. 

checkmark Give thoughtfully. 

A Priceless Education

checkmark Any number of children.

checkmark Any number of cards.

checkmark Just $1.99 per account per month.

What You Get When You Open a

Christmas Club Account

  • checkmark

    Save year-round for the holidays

  • checkmark

    Make deposits at any time, in any amount you feel comfortable with

  • checkmark

    No monthly service fees

  • checkmark

    Take advantage of your higher balance with tiered rates

  • checkmark

    Watch your rate grow with your balance

  • checkmark

    Dividends compounded daily and paid annually on September 30th

  • checkmark

    Funds automatically transferred to your checking or savings account on Oct. 1st

  • checkmark

    $5 minimum deposit to open

Ready to open your Christmas Club Account?

Name Your (Share) Savings

With a Name Your Savings Account, you can personalize your savings journey by naming your account after a specific financial goal!

Whether it’s saving for a dream vacation, a new car, or a down payment on a home, your savings account reflects your aspirations. Say goodbye to generic account names and hello to personalized motivation.

What You Get When You Open a

Money Market Account
  • checkmark

    Competitive, tiered rates on balances of $5,000 or more

  • checkmark

    Higher balances earn higher rates

  • checkmark

    Dividends compounded daily and paid monthly

  • checkmark

    No monthly service fees

  • checkmark

    Unlimited withdrawals (6 unsigned transfers allowed per month)

  • checkmark

    Free digital banking

  • checkmark

    Surcharge-free ATMs and Shared Branching available

  • checkmark

    $5,000 minimum deposit to open

Ready to open your Money Market Account?

What You Get When You Open a

Share Certificate
  • checkmark

    Fixed rates, higher than regular savings

  • checkmark

    Receive higher rates by selecting a longer term

  • checkmark

    Provides more guarantee than risky market investments

  • checkmark

    A wide range of terms available (from 6 to 60 months)

  • checkmark

    No setup or maintenance fees

  • checkmark

    Early withdrawals subject to penalty

  • checkmark

    Youth certificates and limited-time certificates available; check our rates to learn more

  • checkmark

    Minimum deposit to open varies by certificate

  • checkmark

    Dividends compounded and paid quarterly

Ready to open your Share Certificate?

What You Get When You Open a

Individual Retirement Account (IRAs)

  • checkmark

    Competitive dividends above standard savings rates

  • checkmark

    Traditional and Roth IRA options

  • checkmark

    No setup fees

  • checkmark

    No monthly or annual maintenance fees

  • checkmark

    $5,500 contribution limit per year

  • checkmark

    Additional $1,000 “catch-up” contribution allowed for ages 50+

  • checkmark

    Funds can be used to purchase certificates within IRA

  • checkmark

    Funds can be used to purchase certificates within IRA

  • checkmark

    $500 minimum deposit to open

Traditional vs. Roth

There are advantages to both Traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA
  • checkmark

    No income limits to open

  • checkmark

    No minimum contribution requirement

  • checkmark

    Contributions are tax deductible on state and federal income tax

  • checkmark

    Earnings are tax deferred until withdrawal (when usually in lower tax bracket)

  • checkmark

    Withdrawals can begin at age 59 ½

  • checkmark

    Early withdrawals subject to penalty

  • checkmark

    Mandatory withdrawals at age 70 ½

Roth IRA
  • checkmark

    Income limits to be eligible to open Roth IRA (Consult a tax advisor)

  • checkmark

    Contributions are NOT tax deductible

  • checkmark

    Earnings are 100% tax free at withdrawal (Subject to some minimal conditions. Consult a tax advisor)

  • checkmark

    Principal contributions can be withdrawn without penalty

  • checkmark

    Withdrawals on interest can begin at age 59 ½

  • checkmark

    Early withdrawals on interest subject to penalty (Certain exceptions apply, such as healthcare, purchasing first home, etc.)

  • checkmark

    No mandatory distribution age

  • checkmark

    No age limit on making contributions as long as you have earned income

Ready to open your IRA?

Download the Firelands
FCU Mobile App

  • checkmark

    Mobile deposits

  • checkmark

    Check balances

  • checkmark

    Transfer money

  • checkmark

    All at your fingertips

Mobile app screenshot

Get Started

Please enable JavaScript in your browser to complete this form.
Name