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Four ways to save
Whether you want to save a little or set aside larger balances for better dividend rates, Peoples Powered by Hanscom Federal Credit Union has the savings or money market account for you!
| Regular Share Savings | Steady Share Savings | Money Market | Money Market Plus | |
|---|---|---|---|---|
| Who is it for? | Anyone who wants a simple way to earn dividends while setting money aside | For those who don’t want to be tempted to dip into their savings while saving for the holidays, vacations, taxes, etc. | People who want to earn a better dividend rate than a traditional savings account | People who want to earn a better dividend rate than an ordinary money market account |
| Minimum balance to open | $50.00 | $5.00 | $1,000.00 | $2,500.00 |
| Minimum balance to maintain | $50.00 | No minimum | $1,000.00 | $2,500.00 |
| Monthly fee1 |
$5.00 (waived if minimum balance requirement is met, you are at least 62 years old or this is a UTMA custodial account for a minor) |
No fees |
$5.00 (waived if minimum balance requirement is met) |
$7.00 (waived if minimum balance requirement is met) |
| Earns Dividends2 |  |
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| Withdrawal limits |
6 per month ($5.00 fee for each withdrawal beyond 6) |
3 per year ($25.00 fee for each withdrawal beyond 3) |
6 per month ($5.00 fee for each withdrawal beyond 6) |
6 per month ($5.00 fee for each withdrawal beyond 6) |
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Savings Account Rates
| Account Type | Minimum Balance | Minimum Required Balance to Obtain APY | Dividend Rate | APY* | Footnote |
|---|---|---|---|---|---|
| Regular Share Savings | $50.00 | $0.01 | 0.10% | 0.10% | (1), (2) |
| Steady Share Savings | $5.00 | $0.01 | 0.10% | 0.10% | (1), (4) |
| Money Market | $1,000.00 | $0.01 | 0.05% | 0.05% | (1), (2) |
| Money Market | $1,000.00 | $1,000.00 | 0.10% | 0.10% | (1), (2) |
| Money Market Plus | $2,500.00 | $0.01 | 0.10% | 0.10% | (1), (3) |
| Money Market Plus | $2,500.00 | $2,500.00 | 0.25% | 0.25% | (1), (3) |
| Money Market Plus | $2,500.00 | $10,000.00 | 0.25% | 0.25% | (1), (3) |
| Money Market Plus | $2,500.00 | $25,000.00 | 0.30% | 0.30% | (1), (3) |
Savings calculator
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