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Club Savings Accounts

Enjoy the best things in life without worrying about money.

What are your favorite moments in life, and how can we make them shine brighter? Maybe you want extra gifts for the kids at Christmas, or you want to throw a deluxe Thanksgiving feast. Maybe it's time to visit family overseas or book a flight to that dream destination.

Whatever your plans may be, you're going to need savings to make them happen. Our Club Savings Account has got you covered. It's like a Vacation Savings Account, Christmas Club Savings Account, and Holiday Savings Account rolled into one convenient bundle.

Benefits of a Power Financial Credit Union Club Account

Only $5 to Get Started

Open an account with just $5, then set up automatic transfers to help you achieve your savings goals.

Spread Costs Through the Year

Avoid credit card debt by building a savings fund to pay for vacations, holidays, and more.

Tiered Interest Rates

Earn interest when your balance reaches $100, and then your rate goes up as your balance grows.

No Hidden Fees or Penalties

Pay no monthly fee and easily transfer your funds when you're ready to spend.

What Is a Club Savings Account?

Our Club Savings Account is a separate account you can open to set aside funds for a special purpose. It's an easy way to save for vacations, the holidays, special family events, or just a rainy day.

  • $5 minimum opening deposit
  • Earn a competitive APY on balances over $100¹
  • Tiered rates mean you earn more when your balance reaches certain amounts
  • Schedule automatic transfers through Online Banking to build funds
  • Withdraw funds in person or through online transfer once you reach your goal
  • No monthly service fee

When you open a Club Account, you give yourself the opportunity to save year-round and make life's special moments shine a little brighter.



How to Open a Power Financial Credit Union Club Account

Step 1

Check You Can Join Our Credit Union

Have a quick look at our membership criteria before you take the next steps forward.

Step 2

Open a Personal Savings Account

With a deposit of just $5,  you become a part owner and unlock our other accounts and services.

Step 3

Select Club Account and Start Saving!

Set up direct deposits and automatic transfers or make manual deposits to save for your dreams.

Very friendly and professional staff. The willingness to please clients is unprecedented.

Mary R.

FAQs About Club Savings Accounts

Accordion Section

You can use your Club Account to save money for any special purpose. It's a handy way to keep funds separate from your checking account or other savings accounts. A Club Account can be used for many purposes and may also be considered a:

  • Vacation Savings Account to build your vacation fund for big trips or weekend getaways
  • Christmas Club Savings Account to save for gifts, food, decor, family travel, and more
  • Holiday Savings Account to save for the busy holiday season, including holiday shopping, Thanksgiving, Hanukkah, and more

Yes, you can use Online or Mobile Banking to manage your account:

  • Check your balance
  • Set up deposits and automatic transfers
  • Transfer funds

You can deposit funds using several convenient methods:

  • Manual, one-time transfer from another account
  • Automatic, scheduled transfers from another type of banking account
  • Direct deposit from another source
  • Payroll deduction from your paycheck
  • In person at a branch
  • Over the phone by calling 800-548-5465

You can withdraw funds using online transfers or in-person withdrawals. It's not recommended that you use your Club Savings Account for automatic payments.

Yes, you will start earning interest once you have $100 in your account. Your annual percentage yield (APY) and dividend rate will go up when your balance reaches milestone amounts:

  • Start earning at $100
  • Rate increases at $10,000, $50,000, and $100,000

You do need to be a member, and joining is easy! Simply open a Personal Savings Account with a $5 deposit and you become a part-owner with access to all our other accounts offered.

Our membership consists of those who live, work or go to school in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota, or St. Lucie counties.

We're also proud to offer membership to our Select Employee Groups. Employees and members of these organizations are always welcome to join, no matter where they live:

Immediate family of all current members are also eligible to join.

Ready for a Brighter Future?

More Savings Tools to Consider

Certificates of Deposit (CDs)

Choose a term that suits your goals and earn higher rates than regular savings. Be sure to check our limited-time special rates!

Coverdell Education Savings

Open the account before your child turns 18 and contribute up to $2,000 a year to pay for education-related expenses.

Health Savings Account (HSA)

Enjoy tax advantages and relax knowing you have funds to cover your and your family's medical expenses.

Page Disclaimers

1Annual Percentage Yield. Minimum balance of $100 to earn stated APY. Fees may reduce earnings.