First Home Savings Plus
This is a great way to save for the down payment on a new home. And….we’ll help build your savings!
Click here for more details.
Reasons You Will Love Commonwealth Credit Union's Savings Program
- No monthly service fees.
- No penalty for early withdrawals.
- Dividends are paid and compounded monthly based on your average daily balance.
- Convenient Payroll Deduction for easy saving.
- Direct Deposit capability (check with your payroll officer).
- Automatic deposits from other institutions for easy savings (monthly or semi-monthly).
- Accounts insured up to $350,000, with Roth and Traditional IRA's insured to an additional $350,000 - all at no cost to you. Click here for complete details on account insurances.
*Must open a Commonwealth CUCU Regular Savings Account and make monthly deposits in accordance with the plan term. Online Banking and eStatement are required. Minimum term of 6 monthly deposits and maximum of 35 monthly deposits required. Must close a mortgage loan with Commonwealth CU within 12 months of the end of monthly savings deposit term. Commonwealth CU will match 25% of deposit account balance, up to a maximum match of $750, to be credited at settlement of Commonwealth CU Home Loan. Withdrawals made from deposit account may reduce the amount of the match. If deposit account is closed prior to the match being awarded, the match amount will be forfeited. Rates, terms and conditions are subject to change and vary based on credit worthiness, qualifications and collateral conditions. All loans subject to approval.