Everest Regular Share Account
Depositors/Members can buy one share in $25 dollars and entrance fees of $25 dollars. Regular share account holder can participate in EFCU voting process and run for the board elections and serve in various committees.
Everest Minimum Balance Share
Only regular members can open this minimum balance account. The dividend is paid upon declared. This share account will have the following features:
Based on members’ saving habits and their financial requirements, they can open various saving accounts. These saving accounts are designed to build members’ saving habits and earn interest/dividend.
This account is designed to deposit kids’ piggy bank money. It has attractive interest rate so that kids can fund their account for the purpose of their educational or other purposes.
This account is created to benefit students. This will provide attractive interest so that students can fund their accounts for their educational needs.
Individual Retirement Accounts (IRAs)
This account is a retirement saving account through IRA funding where members may fund pretax dollars that may help them to get tax saving and get retirement credits as well.
Members may contribute earnings in traditional IRA and deduct the contribution in tax return. These earnings can potentially grow tax-deferred until a member withdraws in retirement.
Members may contribute after-tax earnings, which will be tax-free after retirement. There may be no taxes when withdrawing money from Roth IRA after retirement
CD (Certificate of Deposit) Accounts
Members are eligible to open Certificate Deposit (CD) account to earn higher interest rates.