Helping members reach their financial goals is what Altra is all about. With a wide range of savings options, we can help you set up the accounts you need, or help you design a systematic savings plan. Plus, any of our savings accounts can be set up for automatic deposits and most can be used for overdraft protection.

Please click here or call 800-755-0055 for today's rates.

A $5 minimum balance is required in a basic saving account for all Altra members. Your $5 initial deposit is not a membership fee - it represents your ownership share in the Credit Union and will be returned if you ever terminate your membership. This account pays dividends quarterly.

Another type of basic savings. No minimum balance required. Members usually open a Special Savings account as a budgeting tool or to keep some of their savings separated from their other funds; for example, if they are setting aside money for a special purpose . Dividends are paid quarterly.

Start building a strong financial future today with a High Rate Savings account. You'll earn rates comparable to big Banks, but still get Altra's friendly, personal service. $25,000 minimum required, dividends paid monthly.

Health Savings Accounts (HSAs) are consumer directed health coverage that combines a high-deductible health plan with a tax-free savings account for medical expenses. You must have coverage under an HSA-qualified high deductible health plan to open and contribute to an HSA. The qualified deductible amount changes each year; please check with an Altra Financial Service Representative for the current year’s deductible amount. Click here for more information about Health Savings Accounts.

Altra Money Market accounts offer competitive rates, pay dividends monthly, and allow unlimited deposits and in-person withdrawals. All Money Market accounts can be set up as overdraft protection on your Altra Checking Account. Altra Money Markets are insured deposits.

• Platinum Money Market
  This account, with five balance tiers and a $35,000 minimum balance, is designed for the member who wants to maintain or grow substantial liquid assets without risking loss of principal and still earn a competitive market rate. Dividend rates are variable and dividends are paid monthly based on the average daily balance in the account; there is no below-minimum-balance fee and no annual management fee. Rate automatically adjusts when your balance increases.
  
  
• Traditional Money Market
  The Traditional Money Market is a perfect choice for beginning savers, with a low minimum balance of $2,500 and competitive rates on three balance tiers. Dividend rates are variable and dividends are paid monthly based on the average daily balance in the account; there is no below-minimum-balance fee and no annual management fee. Rate automatically adjusts when your balance increases.

A 6 to 60-month fixed rate investment with very competitive tiered dividend rates. You choose the term that meets your financial needs. Certificates require a minimum deposit of $1,000. Dividends are paid quarterly. Click here for current rates and terms.

For Altra members under age 19. Youth Certificates available with $250 minimum balance and can be added to at any time; same rates and terms as $1,000 minimum balance Certificates. Click here for current rates and terms.

Traditional IRA, Roth IRA, Coverdale Education Savings Account... Whatever your choice, Altra can help you save for the future. Your IRA savings are insured separately from your regular savings, offering you an additional $250,000 of protection.

Through the IRA Center™ and in the comfort and privacy of your home, you can open your Individual Retirement Account (IRA), manage it, and connect with IRA Specialists – all through online connections. IRA Center has educational articles on IRAs and retirement planning, planning tools, risk analyzers, investment options and the forms you need to complete your transactions.

• IRA Special Savings
  Use an IRA Special Savings account to accumulate retirement funds for a certificate. This account allows you to make deposits throughout the year, then purchase your IRA Certificates when you've accumulated your annual contribution.
  
  
• IRA Certificates
  Choose a term from 12 to 60 months. Our IRA Certificates pay competitive rates, with dividends compounded quarterly. Minimum deposit of $1,000 required.

Your deposits at Altra Federal Credit Union are insured up to $100,000 per depositor by the National Credit Union Administration (NCUA). Your IRA deposits are insured separately up to $250,000. Individual and joint accounts are insured separately, so if you have both types of accounts at Altra, your total deposits can be insured up to $200,000. You may be able to extend your NCUA insurance coverage at Altra if you establish deposit accounts in different ownership categories. For more information about NCUA insurance, visit their web site.