First500 Savings

The First500 Savings account at First Entertainment Credit Union is the one account you must open to become a member of the credit union – it establishes your membership and account number. By opening a First500 Savings Account you become eligible to begin enjoying all the benefits of First Entertainment membership. Once you join, you’ll have membership benefits for life. Giddy-up!

This account earns dividends on any balance and requires an initial deposit of $5,plus a one-time, $5 non-refundable membership fee. Now here’s the really amazing part: Members under 18 earn 7.00% APY on balances up to $500 (hence the name First500) when they elect to have eStatments. Members 18 and older simply need a credit union checking account, eStatements and either Direct Deposit or online Billp@yer to earn the 7% APY benefit of First500.

The Really Important Stuff

First500 Savings dividends are calculated on a day-in, day-out basis, offering full access to funds with no loss of earned dividends in the event of withdrawal. Day-in, day-out dividend calculation also offers a higher yield than other calculation methods. Dividends are paid monthly. Cutting to the chase; generally speaking, First Entertainment savers will benefit from dividend rates that match or exceed those available elsewhere. And we’re not kidding…

Why wait to start saving? Become a Member (and open your First500 Savings Account) today!