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)
Minimum balance required to avoid service charge $200 aggregate daily balance of all accounts
Monthly charge if your aggregate daily balance goes below the $6 monthly maintenance fee minimum No charge if balance criteria is met
Earns interest: Yes, minimum account balance required, $200

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
Minimum balance required to avoid service charge $200 aggregate daily balance of all accounts
Monthly charge if your aggregate daily balance goes below minimum $6 monthly maintenance fee, no charge if minimum balance is met.
Earns dividends: Yes, minimum account balance required, $200
Account Limitations $2 Excessive withdraw fee for preauthorized, automatic or telephone transfers withdrawals when the total exceeds 6 per month.

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
Minimum balance required to avoid service charge $0
Monthly charge if your aggregate daily balance goes below minimum $0
Earns dividends: Yes -1.5% APY*
Additional Information $5000 maximum deposit per year

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 our quarterly newsletter, Money Clips and an invitation to the 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
Minimum balance required to avoid service charge $0
Monthly charge if your aggregate daily balance goes below minimum $0
Earns dividends: Yes, no minimum balance requirements

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 a service fee. You’ll earn dividends as long as funds are in this account!

Account overview:

Minimum opening deposit $5
Minimum balance required to avoid service charge $0
Monthly charge if your aggregate daily balance goes below minimum $0
Earns dividends: Yes, no minimum balance requirements