Savings Accounts

Membership Savings Account

Start your membership in Castparts Credit Union with this account. A deposit of $15 gives you access all our products and services. You’ll even earn dividends on balances of $50 or more. Make saving easy with FREE Direct Deposit and Payroll Deduction.

Get access to your cash 24-hours a day with a Castparts Credit Union Debit Card! Withdraw cash 24 hours a day at thousands of Surcharge-FREE ATMs Nationwide!

 

Money Market Account

If you're tired of the bumpy road of the stock market, park your money with us! Our Money Market account offers higher yields than a savings account without sacrificing convenience and liquidity.

You may open one with a $2,000 minimum deposit. The rate you’ll earn is tiered and depends on your balance—the higher the balance, the higher the rate. Check out our very competitive rates.

 

Share Certificates

Our Share Certificates allow you a short-term investment opportunity for a higher rate than your primary share account. With just a minimum balance of $1,000, you pick the term from 6 months to three years. Dividends are compounded and credited monthly. Check out our Share Certificate rates.

 

Youth Share Certificate

Can be opened with a minimum $500 deposit.

 

Individual Retirement Account (IRA)

Traditional IRA

Contributions to this type of IRA may be tax deductible in the year the contributions are made and may be added until the year you reach 70½. Taxes due on the earned interest are deferred until the funds are withdrawn.

Deductibility for tax purposes depends on active participation in a qualified retirement plan and/or taxable income. Distributions are required after reaching age 70½; however, withdrawals are allowed at age 59½ without a penalty.

Roth IRA

Contributions are post-tax, and growth may be tax-free. Since withdrawals are not reportable income, they won't affect your adjusted gross income during retirement. Contributions can be made after age 70½, and no withdrawals are required during the accountholder's life.

Withdrawals of earnings from a Roth IRA are tax- and penalty-free as long as the account has been open for at least five tax years and you are either over 59½, disabled or buying a first home.

You may make deposits to a Traditional or Roth IRA up to April 15th for the previous tax year.

Check out our IRA rates here. Make saving easy with our FREE direct deposit or payroll deduction services

 

Direct Deposit

Sign up and get paid early!

Direct Deposit is the electronic transfer of funds from your employer or other payer directly to your Castparts Credit Union account. Direct deposit is also available with Social Security, annuities and pension benefits. It's safer and easier than depositing a paper check!

When you sign up for direct deposit you'll enjoy the following benefits:

Access to your funds immediately. Your paycheck is deposited automatically into your account - no need to worry about having to deposit a check, especially when you are out sick or on vacation.

Contact your payroll office to sign up for Direct Deposit to your Castparts Credit Union account. If you have any questions, give us a call at
(503) 771-2464
.

If you work for Precision Castparts Corp. you can use this payroll sign up form to start your direct deposit. Fill it out, sign it and return it to the Credit Union.

 

Payroll Deduction

Use Payroll deductions to allocate funds to any account of your choice. It’s an easy and safe way to build up your savings or to pay your loan payments automatically. Best of all this is a free service offered by Castparts Credit Union.

Payroll deduction can be used on the following:

  • Share / Savings deposits
  • Individual Retirement Account Deposits
  • Checking deposits
  • Family account deposits
  • Loan payments
  • Automatic transfers


Contact us to get Payroll Deduction started by calling (503) 771-2464.

Current Rates

Loan Application

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