New York Banking Rates

Savings Account Rates Deal of the Day: Northern Federal Credit Union at 5.00% APY

Nowadays, many people don’t have a lot of extra money to save — but that doesn’t mean they shouldn’t. In fact, with the NEXT eSavings account through Northern Federal Credit Union, members can earn savings account rates as high as 5.00% APY.  That is a great way to start saving now, and secure the opportunity to earn high dividends in the future.

Savings Terms and Conditions

The NEXT eSavings account pays the 5.00% APY savings account rate on the first $500 of the balance.  Any balance in excess of that will earn an interest rate of 0.10%. This saving account can only be opened by members who have the NEXT eChecking account and are signed up for eStatements. Due to the balance restriction, only one account can be opened per social security number.

About Northern Federal Credit Union

A group of New York Air Brake employees established the Northern Federal Credit Union in 1955. The credit union now has 23,365 members and assets of $129 million. The credit union has 79 full-time employees and 2 part time employees, or 292 members per employee. The credit union, founded by a group of New York Air Brake employees wanting to create a place where they and fellow employees could save and borrow money safely, confidentially, and at fair rates of interest, is currently a multi-employer Credit Union serving over 185 businesses, organizations, medical facilities, school districts and municipalities throughout the North Country.

Northern Federal Credit Union offers its members a wide range of financial products and services, including core banking services, saving accounts, multiple loan products such as mortgage, real estate, auto loan, insurance products and consumer credit.  Members’ savings are insured by NCUA by up to $250,000.

See the most current savings account rates here.

Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.