Deposit Services - Accounts
Select an account type for more information:
Checking Accounts
Lots of institutions make you jump through hoops to get a checking account. Not us. ProFed gives you easy options for your checking. Take a look at the information below and decide what checking account matches your style.
Checking Features
- Regular Checking is totally FREE. There's no minimum balance and no monthly charge.
- Checking Plus earns you dividends if you maintain a minimum balance
- Both accounts provide you with Overdraft Options
- Add a second Regular Checking account for separate expenses
- No-fee Visa Checking Card for purchases and ATM withdrawals
| Regular Checking | Checking Plus | |
| Opening Deposit | $25 | $1,000 |
| Minimum Balance | None | $1,000 |
| Monthly Fee | No | No* |
| Per Check Charge | No | No |
| Earns Dividends | No | Yes |
| Free Online Banking | Yes | Yes |
| Free Bill Payment | Yes | Yes |
| VISA® Checking Card | Yes | Yes |
*A monthly fee will be assessed for any month the Checking Plus account fails to maintain the minimum balance. Please click here for our fee schedule. All new accounts are verified through ChexSystems.
Savings Accounts
Want to earn dividends at a competitive rate and still have easy access to your money? Try ProFed's Regular Shares savings accounts. You can open a savings account for just $5.
Regular Shares Features
- No time limits
- Access cash from any ATM
- Save more money with direct deposit, share-to-share transfers and payroll deductions
- Add up to two additional share accounts for separate savings goals
Money Market Plus
Increase your earnings without sacrificing liquidity. With a minimum balance of just $2,500, you earn a higher dividend than regular shares. ProFed Money Market Plus rewards you for the more you save. Your dividend rate increases the more your balance grows.
Money Market Plus Features
- $2,500 minimum balance
- Dividend rate increases as balance grows
- Withdrawals must be at least $100
- No monthly fee if you maintain the minimum balance
Share Certificates
If you have short or long-term savings goals in mind, ProFed Share Certificates offer several opportunities for investments of any size. Get started on your savings path for as little as $100. Young investors in our Saving To Achieve Results (STAR) program can get started with as little as $25.
Plus, ProFed gives you the chance to start small and add more with our EZ Saver certificates. Start with a small deposit and add funds to your certificate whenever you want. You may also add automatic transfer deposits or payroll deduction deposits to your EZ Saver.
Share Certificate Features
- Regular certificates in a variety of term lengths
- EZ Saver lets you start small and add to your certificate
- Special terms available for youth through ProFed's STAR program
- Special terms available for ProVantage and iPro members
- Special terms available for ProFed Golden Eagle members
- Your aggregate funds are insured by the NCUA to at least $250,000
Traditional and Roth IRAs
No matter what you prefer, either the tax-deductible traditional IRA or the Roth IRA, our on-site, certified IRA specialists will guide you through each step of the process. ProFed's full line of IRAs include IRA Shares, IRA EZ Savers, and fixed and variable-rate IRA certificates. Click here for a brochure.
Health Savings Accounts (HSAs)
If you have a qualified high-deductible health plan (HDHP), you may be eligible for a ProFed Health Savings Account (HSA).
Make tax-deductible contributions to a very flexible dividend-bearing checking account and take distributions tax-free at any time for qualified medical expenses.
Your HSA balance will carry over year-to-year, so you don't lose any money. ProFed makes HSAs hassle-free by eliminating costly enrollment fees and annual fees, and there's no minimum balance. You can access your account online and make transfers through automatic share transfers, payroll deduction, or through online banking. (Consult your tax advisor.) Click here for a brochure.
Coverdell Education Savings (ESAs)
For families wanting an easy way to save for college, ProFed offers a Coverdell Education Savings Account version of our EZ Saver Share Certificate. Start with just $25 and add funds at any time. Your earnings accumulate tax-free as long as distributions are used for qualified education expenses. (Consult your tax advisor.)
Christmas Club
Give yourself more buying power for the holidays. ProFed's Christmas Club accounts help you easily set aside the money you need for holiday gift giving. Open one at any time of the year for just $1 and start saving for all of your holiday buying needs.
Every year on November 1, your Christmas Club balance automatically transfers to your savings or checking, so you can start your shopping early.
Name-Your-Own Club
If you have your own plans for saving, like a dream vacation or new electronics, you can Name Your Own Club, and create a personal savings account, designed just for you. Choose your savings goal, set the date you want the funds to mature, and start saving.
At your maturity date, your Name Your Own Club automatically transfers to your designated savings or checking account. Save it your way, spend it your way.
