Skip to Main Content
Hand places money into one of four mason jars filled with coins and paper money each with a label: Adventure, House, Education and Retirement

Choice Savings

The Choice SavingsSM account earns a competitive dividend rate and there is no minimum balance requirement, no withdrawal penalty, and no monthly maintenance fees. Open one or multiple Choice Savings accounts with personalized nicknames for easy savings management as new priorities arise. 

Features include:

  • No minimum balance requirement
  • Dividends compound daily and are paid monthly
  • No withdrawal penalty*
  • No deposit minimums 
  • Money is fully accessible 

It's easy to get started. Request a new account by emailing fedecu@fedins.com, calling 507-455-5430, or stopping by one of our offices located in the Owatonna Federated Insurance buildings for personalized service. 

*Account limitations may apply. View the current Truth In Savings Account Disclosures and Fee Schedule for fees and terms applicable to accounts at the Credit Union.

Saving Account Rates

Savings Accounts Dividend Rate APY
Primary Share 0.90% 0.90%
Choice Savings 0.90% 0.90%

Dividends are compounded and paid monthly. The Primary Share begins earning dividends once you reach a minimum balance of $25.
Ballpoint pen sits on top of a balance sheet next to a calculator

Calculators