Accounts

SAVINGS, CHECKING, INVESTMENTS

Savings

Regular Savings

The basic membership account which represents your share of ownership in Hanesbrands Credit Union. Dividends are paid on accounts with balances of $5 and higher. Dividends on your account are earned on a daily basis, compounded and paid quarterly. This account allows members to build savings in a safe and convenient manner.

Vacation Club

This special account allows you to save for that special time of the year. The Vacation Club account is one of Hanesbrands Credit Union’s most popular savings programs. Members enjoy receiving their funds for a worry-free vacation. Vacation Club checks are disbursed for arrival or direct deposit to your HBCU checking account by May 1st each year. Early withdrawal from this account will result in a processing fee of $25 and closing of the account for the current year. Interest is calculated on balances over $100.

Christmas Club

This special account allows you to save for that special time of the year. The Christmas Club account is one of Hanesbrands Credit Union’s most popular savings programs. Members enjoy receiving their funds for a hassle-free holiday season. Christmas Club checks are disbursed for arrival or direct deposit to your HBCU checking account by November 1st. Early withdrawal from this account will result in a processing fee of $25 and closing of the account for the current year. Interest is calculated on balances over $100.

Checking Accounts

Regular Checking

Hanesbrands Credit Union’s checking account is like having a checking and a savings rolled into one account. This is a checking account that earns dividends on all of your balance. There is a minimal monthly service charge. Dividends are earned from date of deposit to date of withdrawal.

VISA Check Plus Checking

This Hanesbrands Credit Union checking account is a regular checking account with a VISA Quick Check Debit Card. This checking account earns dividends on ALL of your balance. Dividends are earned from date of deposit to date of withdrawal.

Certificates

Regular Certificate Accounts

Certificate accounts for members with as little as $250 to invest. Maturity dates range from 3 months to 36 months. Dividends paid at maturity or quarterly, depending on term of certificate.

Premium Certificate Accounts

Certificate accounts for members with at least $10,000 to invest. Maturity dates range from 3 months to 36 months. Dividends paid at maturity or quarterly, depending on term of certificate.

Investment Accounts

Traditional Individual Retirement Accounts

These accounts are for tax-conscious members. Contributions may be deductible, depending on income level and other pension plans. Both IRA Certificates and Accumulative Accounts are available. Dividends are paid quarterly.

Roth IRA and Education IRA

Contributions to these accounts are not tax deductible. However, withdrawals from a Roth IRA may be tax free (certain restrictions apply). Dividends are paid quarterly.

MONEY MARKET ACCOUNTS

Regular Money Market Accounts

Minimum balance of $1000 to earn dividends. No maturity date on account. Both deposits and withdrawals are allowed (certain restrictions apply). Dividends are paid monthly.

Premium Money Market Accounts

Minimum balance of $2500. This is a tiered account with FREE CHECKS. Check amounts must be at least $500. Dividends are paid monthly.