Offering a variety of products
to meet your Saving needs
San Francisco Federal Credit Union offers a variety of savings products to help you save for now, for later, for small things and for large, important purchases.
Establishing a savings account with a minimum required deposit of $5.00** makes you a member and part-owner of San Francisco Federal Credit Union. The account provides you an opportunity to save and grow financially with the Credit Union. This is a tiered savings account that pays you dividends based on the balance you have in the account.
**The $5.00 is deposited into your personal savings account to establish your membership.
Money Market Yield Account
A Money Market Account is a great option if you would like to maximize your earnings while having access to the funds when you need it. This is a tiered account that pays you dividends based on the balance you have. There are no penalties for withdrawing.
A certificate of deposit, also known as a CD, is an effective investment for those who are looking for stability and protection of their principal over a period of time. CDs are a type of federally insured savings account that offers a fixed interest rate that is normally higher than a savings or money market account. Because it has fixed terms, any withdrawals prior to the maturity date can incur a penalty charge. CDs are best if you have no immediate plans for your money and you are looking for a guaranteed rate of return on your investment.
Custodial Youth Savings Accounts
- Coverdell Education Savings Account or Certificate: Tax-deferred account for education savings
- Uniform Transfer to Minors Account: Custodial account that helps build savings for minors. Click here (PDF) for an application.
In addition, we offer Youth Workshops that we can bring to your child’s school or organization, at no charge.
It is never too early to start planning and saving for your future. We can help build your nest egg so you can be on a path toward living a financially stable retirement.
We offer both Traditional IRA savings and Roth IRA savings. Traditional IRA savings in most cases will allow you to make pre-tax contributions, meaning when you make deposits into the IRA you are able to deduct that amount from your taxable income and in return, pay fewer taxes for the year. A Roth IRA savings may be right for you if you don’t need the tax deduction now and prefer tax-free withdrawal at retirement. IRA certificates are available in both Traditional and Roth IRA’s, and like our regular certificates, come with term options that pay higher dividends for longer terms.
It’s never too early to give our youth a strong financial foundation and teach them money management skills with a Youth Savings and Checking Account. We offer products, services, and programs that will teach young people the importance of saving money for the future. Our Youth Account features:
- No monthly maintenance fees
- No minimum monthly balance requirements
- Immediate dividend earnings
- Youth seminars and events
- Access to online and mobile banking
- Product and Services
- Ages 6-12 (Savings, Money Market and Certificate accounts)
- Ages 13-17 (Savings, Money Market and Certificate accounts)
- Checking account (Free first box of standard style checks and Free overdraft transfer protection
- Visa debit card available
- Online bill payments (Internal and External Transfers
The standard share insurance amount is $250,000 per share owner, per insured credit union, for each account ownership category. The $250,000 standard share insurance account became permanent through the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
The NCUA Share Insurance Estimator
The NCUA Electronic Share Insurance Estimator is available to help members better understand the protection offered by the National Credit Union Share Insurance Fund (NCUSIF). This interactive site allows users to input data to compute the amount of NCUSIF coverage available under different account scenarios. This resource is available at https://www.mycreditunion.gov/estimator/Pages/default.aspx
Regular Savings & Money Market Yield
Certificates & IRA Certificates
|Term||Dividend Rate (DR)||APY*|
Minimum balance for IRA Certificates is $1,000.
Last Updated: 09/22/2021
|Term||Dividend Rate (DR)||APY*|
Minimum balance for Certificates is $1,000.
Last Updated: 09/22/2021
*APY= Annual Percentage Yield. Rates accurate as of August 1, 2019, subject to change after account opening. Fees may reduce earnings. While every effort has been made to ensure that this website contains accurate and current information regarding rates and other terms, errors may occur. Rates quoted are subject to correction and change by San Francisco Federal Credit Union.
Savings accounts are designed to help consumers save. Per federal law, you can make six (6) withdrawals or transfers from savings products each month. If you exceed the number of allowed withdrawals and transfers, the credit union will charge an Excess Activity Fee.
Yes, your savings routing number is the same as for your checking. San Francisco Federal Credit Union’s routing number is 321076441. Direct deposits can be set up to go into your savings account and is a great way to build your savings.
Our savings products do not allow for check writing. For unlimited check writing capabilities, you can open a checking account.
The regular savings use the formula: Daily Balance method. Each day you earn interest on the ending balance that interest earned is added up, not compounded paid out at the end of the month.
When you open your CD with us, you will have the opportunity to make arrangements for the money upon the CD maturity date. If you do not make arrangements then, there is a 10-day grace period after your CD reaches maturity during which time you may roll over your balance to a new CD, add funds to the account or reduce the balance. You can also transfer the money to a different account or close the account without penalty.
If you want to roll over your balance to a new CD, please contact us for the latest dividend rates and Annual Percentage Yield (APY) and to discuss term options. We can be reached during regular business hours at 415-775-5377.
We recommend that you consult your attorney, CPA, or financial advisor on what investment options are best for you.
“Requested an auto loan thru SFFCU. Worked with a loan specialist, he contacted me quickly after a request thru my app. The whole process was quick, easy and simple. We were in a time crunch due to my vehicle delivery schedule, and he made it work and had a check ready for me the next day to pick up!!! The whole experience was seamless. I would definitely recommend the credit union for your banking or loan needs. Great customer service!!!”Vyomesh P.
” I just want to say how helpful the service center was. Whenever I need assistance, they do an amazing job respondingLinda K.
in a timely manner. I wanted information on savings plans that would enhance my banking balances. He made sure that I got the things that needed to finish, be executed in a professional and prompt manner. I opened my account at the Golden Gate Branch but I feel like I get more businesses done in this
Lakeside branch. Customer loyalty at its finest! Thank you.”
” I am so glad I opened an account with SF Federal Credit Union. The branch manager at Golden Gate was super friendly and helpful, quick to respond, and overall awesome.”Toni L.
“The Branch Manager was an angel to help my transactions and it went so smoothly. SFCU is blessed to have her as a Manager. She is so helpful and experienced in helping clients like me. Thank you so much to help me with such a tight schedule. Blessing to you.”Paul S.
The branch manager at Lakeside provided superb customer service via phone, he took the time to return my call and even followed up with me to ensure I had everything I needed. He displayed a very kind and understanding demeanor. I would recommend the San Francisco Federal Credit Union.”Cindy W.
” I absolutely love the Credit Union service, the service representative is extremely nice and funny he answers any questions you may have and I totally recommend this place.”Javier G.