Savings Accounts

Primary Share Account

Your Primary Share Account is the foundation of your credit union membership. A Primary Share Account is the same as a savings account. Once you have a Primary Share Account all of the services that Academic Federal Credit Union has to offer are at your fingertips. Open your account and start reaping the benefits of membership.

Club Accounts

Vacation Club Account

Why pay for vacation with a credit card when you have the ability to save for it? Open a Vacation Club Account today and start planning your next get-a-way! Add money to your account throughout the year, even automatically, so that when it's time for vacation, you use the money in your account instead of your Line of Credit. You can withdraw the money from your account whenever you need it.

Christmas Club Account

The holidays can be stressful and expensive, don't let your finances add to it! Start saving for the holiday expenses instead of charging them. Open your Christmas Club Account today and start saving! Funds are deposited once-a-year into your Academic FCU savings account on the first Thursday in November.

*Please use our secure Contact Us Form to open a Vacation Club or Christmas Club Account.

Custodial Account

A Custodial Account is a savings account for a minor child with an adult (over age 21) as the custodian. The account is set up under the minors’ social security number and date of birth. The money in the account is under the control of the custodian until the child reaches legal age. (The legal age is currently 18 years old.) You can opt to extend the legal age on the account to 21 years old.

*There may be tax advantages to this type of account under the "Uniform Transfer to Minors Act." Consult with your tax advisor if this is an advantageous account for your family.

In Trust for Accounts

An In Trust For (ITF) account puts the funds firmly in the hands of the owner of the account. It functions the same as a regular share account with an extra layer of access once the owner expires. ITF means the funds are in trust for another person(s). That person is the named Trustee(s). The trustee(s) has no access during the account owner’s lifetime. The advantage of an ITF account is that the funds in the account do not become part of the account owners’ estate, instead they go directly to the Trustee(s) who then has immediate access.

Money Market

Our Money Market Saving Accounts earn more than a Basic Savings account and have no term restrictions. The higher your account balance, the greater your earnings.

  • Rate applies to the entire balance, not just the amount over the tier threshold

  • Tiered rates are based on money market environment and may change weekly

  • Up to 6 withdrawals per month

Share Certificate (CDs)

We offer a variety of Term Share Certificates to help you reach your financial goals. Certificates earn dividends at higher rates than savings accounts, and have pre-determined maturity dates.

12 Month Liquid Share Certificate

Unlike traditional Share Certificates, our Liquid Share Certificate is restriction free, meaning you can deposit additional funds into the account at any time for no fee. What truly makes our Liquid Share Certificate so remarkable is that you can also withdraw money, once a month, for no fee at all. Try doing that at a bank!

Flex Share Certificate

Our Flex Share Certificate is another great savings option because you can deposit money into the account whenever you want, without extending the maturity date. Perfect for members who are trying hard to boost their savings, you can set up your account so a set amount of each paycheck is dispersed into your Flex Share Certificate Account.

Traditional Share Certificate

We offer 15, 18, 24, and 36-month Traditional Share Certificates at competitive rates. Traditional Share Certificates are able to be opened with an initial deposit, and no further deposits can be made to them and no withdrawals may be made from them. All of our Term Shares Certificates, with the exception of the 36-month product, can be purchased with a minimum $1,000.00 deposit. Our 36-month term share requires a $5,000.00 deposit.

Please note: Any Term Share products that fall below the minimum required balance will automatically be charged a 90-day dividend penalty and closed.

Share Draft

All Academic FCU Share Draft (Checking) Account Features

  • Free Online Banking

  • Free Mobile Banking

  • Free Debit Card

  • Bill Pay 

  • Remote Deposit

  • No Monthly Maintenance Fees

  • No Minimum Balance

  • Earns Interest

  • Access to over 55,000 Free ATMs Nationwide

Academic Federal Credit Union’s Share Draft (Checking) have no minimum deposit requirement, no per check fee, no monthly fee and no limit on the number of checks you can write per month. Members can easily manage their finances with our free online banking with electronic bill pay and free mobile banking.

Convenient – Academic FCU is part of the Allpoint Network. Members now have access to over 55,000 FREE ATMs nationwide! Conveniently located at: 7-Eleven, Costco, Target, Walgreens, CVS, McDonalds, Dunkin Donuts, and more! To find the nearest ATM in your neighborhood, visit or download the Allpoint app on your smartphone today!

Smart - Academic FCU's Share Draft Accounts earn you a monthly dividend. You can protect this account by applying for a Line of Credit that can be used as overdraft protection to ensure you never bounce a check. They also earn Scorecard Rewards points, and members can also receive a ton of discounts on everything from car insurance to electronics!

The only fees associated with your Share Draft Account are the cost of having checks printed with your name and address, fees for certifying checks, returned checks, overdraft transfers to cover checks, and stop payments. ATM fees will also be incurred after five (5) ATM withdrawals per month. Please see our fee schedule for details.

Debit Cards

Our convenient VISA® Debit Card is linked to your Share Draft Account (checking) as well as your primary Share (Savings) Account. You can use it to debit your Share Draft Account directly at a Point-Of-Sale transaction, as well as getting cash at ATMs with absolutely no fees from us for the first five withdrawals per month. After five ATM withdrawals, there is a $0.50 per transaction fee. For your protection the credit union will allow you to withdraw funds up to a maximum of $500.00 per day from any ATM machine with a VISA® logo on it. Be aware that ATM machines have their own restrictions and may not allow access to that much money at one time. Charges from other institutions may be incurred, so be sure to read the information on the machines before you access your account.

Academic FCU also has access to many surcharge free ATMs. Please visit to find a convenient free ATM location near you.

Learn more about merchant rewards! Visit our rewards page to learn more.


Individual Retirement Accounts (IRA)

The Credit Union offers no-risk IRA products providing stable returns to help you plan for retirement. 

  • Traditional IRA: Earnings grow tax-deferred, but are taxable as income upon withdrawal. Contributions may be tax deductible. 

  • Roth IRA: Contributions are taxed up-front, but the earnings will grow tax-exempt, and you will not be charged income tax upon withdrawal if you meet the requirements for a qualified distribution. 

  • IRA Savings: Not ready to contribute $500.00 to an IRA? Don't worry. Open an IRA savings account with a minimum deposit of $20.00 and make additional contributions when you can. The savings can be either Traditional or Roth Accounts.

For more information, or to open an IRA Account, please contact us using our secure contact form or call 914-923-3608.