At Camino, we want to make it easy for you to save for what is most important to you. Whether it’s that dream home, taking that vacation you’ve been dreaming about going on, or saving money for college, we have a savings account that could fit your needs. As a Camino member, you have access to plenty of savings options.
Membership Savings Account
This is our standard savings account. To open this type of savings account, deposit at least $15 into this account and then you are ready to start saving!
Once you’ve opened your account, you get access to online/mobile banking and bill pay, access to free nationwide ATMs and branches and competitive dividends on balances over $15.
Money Market Account
Unlike the Membership Savings Account, to open this type of savings account, you need at least $2,500 deposited to start.
The benefit of having a Money Market Account is that the more you put in your money market account, the higher your annual percentage yield could be depending on the total amount on deposit. You could get check writing ability. Do you know what the best part is? You can conveniently do it all from your smartphone.
Share Certificate Accounts
In addition to the Money Market Account, Share Certificate Accounts also require a $2,500 minimum deposit. Once you have your money deposited, it is all good from there.
You chose your term, greater dividends, fixed rates, and could ladder certificates to increase liquidity. However, you do need to keep in mind that rates may change every term and there is a penalty on earnings if you try to withdraw too early.
Student Savings Account
We get it. It’s difficult being a student, which is why we offer this free savings account for students just like you. The minimum starting deposit is $15. When you open an account, we are here to answer any question and provide you with financial guidance. Another benefit is that you get competitive dividends on balances over $15 and you can do all your banking from your smartphone.
Children’s Savings Account
It’s never too early to educate our children on the world of finances. Not only does this account provide your kids with a financial education, but it’s also free to open. Additionally, you get competitive dividends on balances over $15.
Summer Salary Savings Account
Whether you are a teacher or you just want some extra summer cash, this account is the account for you! Originally made for teachers, this account works by taking automatic deductions from each paycheck. Once deducted, it gets placed into your savings account to have for the summer months when you need some extra cash.
If you are interested in this account, you would start by depositing a minimum of $15 and then with every paycheck deduction, your Summer Savings Account will increase. You also get competitive dividends on balances over $25 with this type of account.
Christmas Savings Account
Christmas is a wonderful time of the year, but trying to find the income to support it can be a challenge. This is why we have the Christmas Savings Account, which automatically deducts an allocated amount per paycheck.
You need to deposit a minimum of $15 to open this account and if you need to get Christmas money out of the account before the specified date, then there is a $10 fee.
Individual Retirement Accounts
If you are ready to start saving for your long-term future, this a good account to open. There are no fees to open this account and we offer either Traditional or Roth IRAs. However, you do need to deposit a minimum of $25 to start the account. There are many benefits of opening a retirement account, including being able to invest into a Camino Share Certificate, you also could get tax-saving benefits. And, if you have other retirement accounts, it is easy to rollover.
If you are interested in opening a savings account, feel free to give us a call at (800) 835-3400, or stop by a branch to meet with one of our Member Advisors. We are here to help you achieve your goals.
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