Member Products & Services

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SAVINGS ACCOUNTS

View IRA options below.

Regular Share Savings Account

Our Regular Share Savings Account establishes your membership with Connex Credit Union. A simple $25 deposit gets you started.

Enjoy unlimited deposits each month.
Dividends are compounded monthly and paid monthly and are calculated from day of deposit to day of withdrawal.
Dividends are paid on balances of $25 and up.
Deposits are federally insured to at least $250,000 and backed by the full faith of the United States Government through the National Credit Union Association (NCUA), a U.S. Government agency.

Join Connex Credit Union

Special Purpose Account

We all have dreams - a new car, a dream vacation or a college education for your kids. Special Purpose Accounts are a great way for you to save. By setting aside a separate account for a specific purpose, you can watch your money grow while knowing you are reaching your goals. You're less likely to tap into that money if it's not in your Regular Share Account. Multiple accounts can be opened to save toward multiple goals.

Choose custom account names to meet your needs.
All accounts are listed on one statement to conveniently show your savings growth.

Open a Special Purpose Account

Money Market Share Account

A Connex Money Market Share Account gives you the benefit of earning more money with no minimum term and no early withdrawal penalties.

Earn higher rates:

Tiered rate savings account - the higher your balance, the higher the rate you receive
Your Choice Checking members earn even higher rates with our Bonus Reward*

Enjoy flexibility:

No term
No withdrawal penalties
Unlimited withdrawals ($500 minimum withdrawal)

Save without risk:

Funds are federally insured up to $250,000 by the National Credit Union Administration

Access your funds easily:

Stop by a branch to access your Money Market Share Account funds
For ATM access, transfer from your Money Market Share Account to savings or checking using Call24, Online Banking or by calling our Member Service Center

Open Your Money Market Account at any branch or by phone at 1-800-CR-UNION.

Existing Money Market Accounts earn a 1/4% Annual Pecentage Yield Reward Bonus on balances greater than $2,500, effective on the opening date of the Your Choice Checking Account. Minimum balance to earn dividends on a Money Market Share Account is $25.00. Money Market rates paid on balances greater than $2,500 on a tiered rate schedule. Balances that fall below $2,500 are paid the Regular Share Account rate.

Share Certificates of Deposit

For short and long-term savings, we offer terms from three to 60 months. A low $500 minimum deposit is all it takes to start on the path toward your savings goals.

Dividends are paid monthly
Dividends may be re-invested (compounded,) credited to your account or mailed by check
Our great rates, and the benefit of compounding interest, can help make you money.
Your Share Certificates of Deposit, combined with all other non IRA deposits, are insured by the NCUA up to $250,000.

Open a Share Certificate Today!

Individual Retirement Account (IRA)

It's never too early or too late for the IRA Solution.

An IRA is a great way to supplement retirement savings you may have through your employer. With different regulations for each one, check with your tax advisor to see which one works best for you. After that, Connex is here to help!

Traditional, Roth and Educational IRAs offered.
Tax benefits based on which type of IRA you have.
Transfer funds from other IRAs to Connex with no penalty.
Tax refunds and other sums of money you receive are a great time to open an IRA.
IRA funds are insured up to $250,000 by the NCUA.

Click here to view a comparison chart to help you shoose the IRA that's best for you.
Call us or stop by a branch to open your IRA and start saving for your retirement today!

Health Savings Account (HSA)

A Health Savings Account is designed for people with High Deductible Health Plans (HDHP). With a Health Savings Account (HSA), you may either contribute all a or a portion of your health plan deductible into a tax-advantage savings account, within certain limits. Like an Individual Retirement Account (IRA), your HSA investment earnings are tax-deferred. Funds remain tax-free provided you use them to pay for qualified medical expenses. Better yet, funds may grow annually allowing you to save for future medical expenses.

No Minimum Deposit, No Minimum Balance, No Set-up, No Monthly Service Fee and No Per Check Charges! ($25 account closing fee does apply)

HSA Benefits:

Health Savings and Health Checking accounts are available.
Checking Option provides checks in 7-10 business days (processing fee may apply).
VISA Check Card available.
Both accounts pay high dividends.
Both Health Savings accounts include FREE Online Banking and Bill Payment (up to 10 free bills per month).

How to make contributions to your Connex HSA

Connex can accept both pre and post tax contributions (Please check with your employer to see which option is available to you).
Transfer funds from another account using Call24 or Online Banking.
Mail in your deposit of make deposit in person at any branch office.

Open your account today by calling (203)603-5700 or toll-free 1-800-CR-UNION, or visit one of our branch offices to receive your HSA Kit!

Learn More About HSAs

NCUA Share Insurance Coverage

NCUA Share Insurance Coverage
Connex Credit Union member deposits are insured by the NCUA (National Credit Union Administration), which is the federal agency that charters and supervises federal credit unions. NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S government, NCUSIF insures the accounts of millions of members in all federal credit unions and the vast majority of state-chartered credit unions. Due to recent legislation, insurance for each member's deposits has been increased from $100,000 to $250,000 per account.

The Helping Families Save Their Homes Act of 2009, signed into law on May 20, 2009, continues this increased level of insurance coverage on all accounts of up to $250,000 through December 31, 2013. Members are advised to review their accounts periodically and whenever they open new accounts or modify existing accounts to ensure that all of their funds continue to be insured. Also, there are ways to increase your insurance coverage.

To learn more, stop by any Connex branch or call us at 1-800-CR-UNION.