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Escrow Account

FCU escrow accounts are a great way to save for specific things. There are no withdrawal or deposit restrictions. Plus, there are no minimum balance requirements or annual fees.

Many experts who advocate for a fiscally disciplined approach to finances recommend using separate envelopes or accounts to save for different items we want in life. You might have one account to save for insurance premiums, another for a down payment on a new car, one for the rainy day fund, one for annual tuition expense, one for property taxes, the list goes on and on. Frankenmuth Credit Union's escrow and other club accounts were created for just that reason. They give you the means to save for specific things and have success with their budgeting.

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MinimumMaximumAPY**Div Rate*
Dollar AmountDollar Amount
$100.00$9,9990.02%0.02%
$10,000$24,9990.02%0.02%
$25,000$99,9990.02%0.02%
$100,000and up0.02%0.02%
*Members 18 and older are asked to keep an aggregate balance of at least $100 to avoid a $5 monthly service charge. **APY=Annual Percentage Yield. Rates may change at any time. Members would forfeit dividends if accounts closed before accrued dividends are posted. Contact us for more information.

Effective Date: June 20, 2021

APY=Annual Percentage Yield. Rates may change at any time. Members will forfeit dividends if accounts closed before accrued dividends are posted. Contact us for more information.

On Computer, Phone, App:

  • Login to Online Banking
  • Choose New Accounts
  • Choose Purchase New Certificate
  • Click More Info
  • Select Savings Type