Savings

Barksdale Federal offers the savings options you need to build a solid financial future.

Prime Savings

Our Prime Savings is perfect for individuals opening their first account with Barksdale Federal. This account establishes you as a member of the credit union. Although you can deposit as much as you like, new members can open this account with as little as $10 (a $5 one time membership fee + $5 savings deposit.)

Dividends (commonly called interest) are paid monthly on balances over $200 and are computed on the average daily balance of your account. This savings account can also serve as Overdraft Protection when you choose to open a checking account.

Account overview:

Minimum opening deposit $10 ($5 one-time membership fee + $5 deposited)
Monthly account maintenance fee $6 (wavied with $200 aggregate daily balance or a BFCU loan)
Monthly service fee $0
Earns dividends? Yes, the minimum account balance required is $200
Account benefits Barksdale Federal Visa® debit card for ATM withdrawals, free online, mobile & text message banking
Account limitations & requirements You may only make 6 withdrawals per month. Each withdraw over this limit will incur an excessive withdrawal fee of $2.

Special Purpose Savings

Our Special Purpose Savings is perfect for individuals looking to save for special events. Just make regular deposits throughout the year and watch your savings grow. No minimum deposit is needed to open this account, and dividends are paid monthly if your aggregate daily balance is $200 or more.

Account overview:

Minimum opening deposit $0
Monthly account maintenance fee $6 (waived with $200 aggregate daily balance or BFCU loan)
Monthly service fee $0
Earns dividends? Yes, the minimum account balance required is $200
Account benefits Free online, mobile & text message banking
Account limitations & requirements You may only make 6 withdrawals per month. Each withdraw over this limit will incur an excessive withdrawal fee of $2.

Christmas Club Savings

Our Christmas Club Savings is perfect for individuals who are saving for the holiday season. This account pays higher dividends and matures on November 5th – just in time for the holidays.

At maturity funds are automatically transferred into your Prime Savings account. Open your Christmas Club today, there’s no minimum opening deposit or minimum balance required to earn dividends. You can deposit up to $5000 per year.

Account overview:

Minimum opening deposit $0
Monthly account maintenace fee $0
Monthly service fee $0
Earns dividends? Yes, see rates
Account benefits Offers higher dividend rates 
Account limitations & requirements $5000 maximum deposit limit per year. You may only make 6 withdrawals per month. Each withdraw over this limit will incur an excessive withdrawal fee of $2.

High Yield Savings

Our High Yield Savings account is perfect for the first time saver or small dollar amount saver to earn more interest on deposit. This account pays higher dividends on balances up to $5,000. Just make regular deposits throughout the year and watch your savings grow. No minimum deposit is needed to open this account and dividends are paid monthly. Deposits over $5,000 will earn the current Prime Savings Rate.

Account overview:

Minimum opening deposit $0
Monthly account maintenance fee $6 (waived with $200 aggregate daily balance or a BFCU loan)
Monthly service fee $0
Earns dividends? Yes, see rates
Account benefits Offers higher dividend rate on first $5000, no withdrawal penalty
Account limitations & requirements $5,000 maximum deposit to earn High Yield rate, over $5,000 earns current prime savings rate. You may only make 6 withdrawals per month. Each withdraw over this limit will incur an excessive withdrawal fee of $2.

Barksdale Buddies Savings

Our Barksdale Buddies Savings is the perfect way to learn how to save. This account is available for newborns to children 12 years of age and can be opened with only $5. Barksdale Buddy members will receive an invitation to the Annual Barksdale Buddy Bash! Save money and earn dividends all at the same time. Saving money is fun when you’re a Barksdale Buddy.

Account overview:

Minimum opening deposit $5
Monthly account maintenance fee $0
Monthly service fee $0
Earns dividends? Yes, see rates. No minimum balance requirements.
Account benefits Invited to the annual Barksdale Buddy Bash
Account limitations & requirements You may only make 6 withdrawals per month. Each withdraw over this limit will incur an excessive withdrawal fee of $2.

My Money Savings

Our My Money Savings is perfect for children ages 13 to 17. This account can be opened with just $5 and there is no minimum balance required to avoid an account maintenance fee. You’ll earn dividends as long as funds are in this account!

Account overview:

Minimum opening deposit $5
Monthly account maintenance fee $0
Monthly service fee $0
Earns dividends? Yes, see rates. No minimum balance requirements.
Account benefits Teaches children how to save.
Account limitations & requirements You may only make 6 withdrawals per month. Each withdraw over this limit will incur an excessive withdrawal fee of $2.