Share Savings Account

Primary Savings Account

The savings account you open when you join NFCU is your first or “primary” account. Maintaining a minimum balance of at least $25 keeps your membership active. Membership is limited to the Nashville Fire Department and family members (see membership information). Dividends are paid quarterly. 

Secondary Savings Account

NFCU invites you to open up to two additional savings accounts. Earmark them for whatever purpose you choose...rainy day, new car, tuition, vacation, you name it! 

Note: make up to six no-fee withdrawals per quarter. $5.00 per withdrawal after six.

Christmas Club Account

Planning ahead helps make the holidays a breeze with this popular savings account. While you can sign up for Christmas club at any time, the actual Christmas Club “year” runs November 1st through October 31st when the “year’s” Christmas club funds are disbursed into member checking or savings accounts. What a help — just in time for holiday shopping! 

For kids and teens too! If your child or teen has an NFCU savings account, we invite him or her to open a Christmas Club Account also! 

Note: there will be a fee of $10.00 each for withdrawals made prior to the November funds disbursement.

Youth Savings

As soon as your child can begin to understand the concept of saving (around kindergarten age), we encourage you to:

  • Bring your child in to open his or her own account — and pick up a passbook and a membership kit

  • Thereafter, each time you bring your child in to make a deposit, we’ll mark the savings passbook. for each $25.00 reached (up to $100.00 per deposit), your child will be given a prize as an incentive to continue saving

Student Savings

NFCU encourages healthy savings habits throughout high school and college! Please note that student savings account holders are eligible to sign up for NFCU checking at age 16! 

Term Share Certificates

NFCU share certificates are available for terms of 3, 6, 12, 18, 24, 36, 48 or 60 months. Depending on the amount you have to invest, choose the certificate that’s right for you:

  • Share Certificate - $1,000 minimum investment

  • Jumbo Share Certificate - $75,000 minimum investment

Money Market Accounts

  • $5,000 minimum investment

  • Six no-fee transactions per month per account. only three of these (i.e. atm, pos, hbk…) may be electronic

  • Three earning tiers: $5,000 - $9,999, $10,000 - $19,999, $20,000 - up


  1. A $10.00 fee will be assessed to each withdrawal beyond first six per month

  2. A $10.00 per month fee will be posted to the account if the balance falls below the $5,000 minimum daily balance

Traditional IRA*

Save for retirement with an Individual Retirement Account

  • $4,000 maximum annual contribution (through tax year 2007)

  • Those over age 50 may make “catch-up” payments of $1,000 per year

  • You may not contribute after age 701/2

  • Earnings are tax-deferred until withdrawn

Roth IRA*

Save for retirement with an Roth Retirement Account

  • No age restrictions apply as long as you have earned income

  • Maximum contribution is $4,000 through 2007

  • Earnings grow tax-free

Coverdell Education Savings Account

This account (formerly called the “Education IRA”) is a great way to start saving for a child or grandchild’s college fund.

  • In most cases, you may contribute up to $2,000 per year until the child reaches age 18

  • Contributions are not tax-deductable.

  • Withdrawals (including earnings) used to pay qualified higher-education expenses are tax free

  • “Qualified” expenses may include: tuition, room and board, fees, books, supplies, computers, etc. – at nearly any post-secondary education institution

  • Anyone who meets the annual income requirements can open and contribute to your child’s Coverdell ESA

  • Corporations, tax-exempt organizations and other entities also can