Special Offer! Discover the New Power Move Money Market
This unique Money Market Sweep account is linked to Power Checking and offers a highly competitive rate structure with a “sweep” transfer feature that automatically moves funds between your checking and money market accounts to maximize savings.
Savings Made Simple
Whether you want to build a financial cushion for life’s surprises, save for education expenses, or set aside funds for retirement, we’ll give you the power to build your financial future. Our savings and deposit accounts offer competitive rates and knowledgeable, local team members committed to helping you to enhance your financial well-being.
With First Commerce Savings You Get…
Competitive Rates
No Monthly Fees
Higher Dividends on Higher Balances
Open Multiple Accounts
Choose Your Savings Account
Savings Account
Your First Commerce membership starts with $5 to open savings deposit representing your equal share of ownership in the credit union. You can open multiple accounts for your specific savings goals.
- Minimum deposit amount – $5
- Monthly cost – No monthly fees
- Any requirements? – Direct deposit required for Early Payday feature
- Earns interest? – Yes, see chart below
Savings Account Rates
| Average Daily Balance | Prospective Dividend Rate/APY* |
|---|---|
| $5.00 – $2,499.99 | 0.12% |
| $2,500.00 – $9,999.99 | 0.18% |
| $10,000.00 – $24,999.99 | 0.30% |
| $25,000.00 – $49,999.99 | 0.45% |
| $50,000.00 and above | 0.60% |
*All dividends are posted quarterly.
Sammy Squirrel Kids’ Savings Account
Designed for newborns through age 12, our free Sammy Squirrel Kids’ Club Savings Account teaches kids smart money habits and helps you save for their future. Teach your child how to “squirrel away” money the fun way!
- Minimum deposit amount – $5
- Monthly fees – No monthly fees
- Any requirements? – Must be age newborn – 12 years
- Features/benefits
- Earn rewards for good grades
- Receive a matching deposit (plus, a little something extra) when your child makes a deposit within a month of their birthday. For example, if you’re 10 years old and make a deposit of at least $10, you’ll get $10 deposited into your Kids Club account! ($1 x child’s age).
- Sammy Squirrel accountholders earn one Acoin for every $10 deposited into their account; these wooden nickels can be redeemed for gift cards or money deposited into their account.
- Legal/disclosures – Maximum savings reward redemption is 100 Acoins in one year. No payroll or direct deposit accepted into Kids Club accounts, including Social Security benefits. Prizes subject to change. Must have minimum balance of $50 to receive birthday deposit.
- Earns interest? – Same as regular savings account
Kids Club Acoins Chart
| # of Redeemed Acoins | Minimum Balance Required | Reward |
|---|---|---|
| 55 | N/A | $5 gift card |
| 75 | $250 | $10 reward deposit |
| 100 | $500 | $25 reward deposit |
EvenUp Savings Account
Make saving money automatic with an EvenUp Savings Account from First Commerce! We’re committed to making it easy for you to save money and reach your financial goals.
- Minimum deposit amount – $5
- Monthly fees – No monthly fees
- Features/benefits:
- When you use your Power Checking, Power Checking + CoverMe, or SmartStart Checking debit card, we’ll round up the amount you spend to the next whole dollar and transfer the difference automatically into your EvenUp Savings Account
- Earn interest on the money you’ve saved
- Make deposits and withdrawals
- Protect your checking account from overdrafts
- Earns interest? – Yes, see chart below
EvenUp Savings Rates
| Average Daily Balance | Prospective Dividend Rate* | APY |
|---|---|---|
| $5.00 – $3,000.00 | 2.50% | 2.53% |
| $3,000.01 or above | 0.25% | 0.25% |
*All dividends are posted quarterly.
- Any requirements? – EvenUp Savings requires the use of a debit card and one of the following active accounts: Power Checking, Power Checking + CoverMe, or SmartStart Checking.
- Legal/disclosures – When you enroll in our EvenUp Savings program, we even up the amount of any debit card purchases made by you or any debit cardholder of your Checking account throughout the day to the next whole dollar amount, and transfer that amount from your Checking Account to the designated First Commerce savings account each night. If on a business day you do not have sufficient available funds in your checking account, we do not EvenUp purchases posted on that business day and we cancel the EvenUp transfer for that day. If your debit card purchase is subsequently cancelled or reversed, the corresponding EvenUp transfer will remain in the EvenUp savings account. We may cancel the EvenUp transfer at any time. EvenUp is available only on debit cards linked to your First Commerce Credit Union Checking account. Power Checking, Power Checking + CoverMe, and SmartStart Checking accountholders are encouraged to save more by allowing additional deposits. Withdrawals may be made against the EvenUp Savings account at any time and may also be used as an overdraft transfer source for your checking account. The EvenUp Savings account will be set up with the same joint account owners and beneficiaries as your checking account.
Rosey’s Holiday Club
Open a First Commerce Holiday Club Savings Account and take the financial stress out of the holiday season when you regularly save for holiday gifts and travel.
- Minimum deposit amount – $5
- Monthly fees – No monthly fees
- Earns interest? – Yes, see below
Rosey’s Holiday Club Rates
| Average Daily Balance | Prospective Dividend Rate/APY* |
|---|---|
| $5.00 | 0.15% |
*All dividends are posted quarterly.
- Any requirements?
- Open your savings account with a $5 deposit
- Contribute regularly to your account
- Features/benefits
- Earn dividends every quarter
- Funds are automatically transferred to your FCCU savings or checking account each November 1
- Legal/disclosures – Plan on funds remaining on deposit until November 1 of each year, or some dividends may be forfeited, and you won’t be able to contribute again until after November 1. Rates are subject to change quarterly.
Savings Account
Your First Commerce membership starts with $5 to open savings deposit representing your equal share of ownership in the credit union. You can open multiple accounts for your specific savings goals.
- Minimum deposit amount – $5
- Monthly cost – No monthly fees
- Any requirements? – Direct deposit required for Early Payday feature
- Earns interest? – Yes, see chart below
Savings Account Rates
| Average Daily Balance | Prospective Dividend Rate/APY* |
|---|---|
| $5.00 – $2,499.99 | 0.12% |
| $2,500.00 – $9,999.99 | 0.18% |
| $10,000.00 – $24,999.99 | 0.30% |
| $25,000.00 – $49,999.99 | 0.45% |
| $50,000.00 and above | 0.60% |
*All dividends are posted quarterly.
EvenUp Savings Account
Make saving money automatic with an EvenUp Savings Account from First Commerce! We’re committed to making it easy for you to save money and reach your financial goals.
- Minimum deposit amount – $5
- Monthly fees – No monthly fees
- Features/benefits:
- When you use your Power Checking, Power Checking + CoverMe, or SmartStart Checking debit card, we’ll round up the amount you spend to the next whole dollar and transfer the difference automatically into your EvenUp Savings Account
- Earn interest on the money you’ve saved
- Make deposits and withdrawals
- Protect your checking account from overdrafts
- Earns interest? – Yes, see chart below
EvenUp Savings Rates
| Average Daily Balance | Prospective Dividend Rate* | APY |
|---|---|---|
| $5.00 – $3,000.00 | 2.50% | 2.53% |
| $3,000.01 or above | 0.25% | 0.25% |
*All dividends are posted quarterly.
- Any requirements? – EvenUp Savings requires the use of a debit card and one of the following active accounts: Power Checking, Power Checking + CoverMe, or SmartStart Checking.
- Legal/disclosures – When you enroll in our EvenUp Savings program, we even up the amount of any debit card purchases made by you or any debit cardholder of your Checking account throughout the day to the next whole dollar amount, and transfer that amount from your Checking Account to the designated First Commerce savings account each night. If on a business day you do not have sufficient available funds in your checking account, we do not EvenUp purchases posted on that business day and we cancel the EvenUp transfer for that day. If your debit card purchase is subsequently cancelled or reversed, the corresponding EvenUp transfer will remain in the EvenUp savings account. We may cancel the EvenUp transfer at any time. EvenUp is available only on debit cards linked to your First Commerce Credit Union Checking account. Power Checking, Power Checking + CoverMe, and SmartStart Checking accountholders are encouraged to save more by allowing additional deposits. Withdrawals may be made against the EvenUp Savings account at any time and may also be used as an overdraft transfer source for your checking account. The EvenUp Savings account will be set up with the same joint account owners and beneficiaries as your checking account.
Sammy Squirrel Kids’ Savings Account
Designed for newborns through age 12, our free Sammy Squirrel Kids’ Club Savings Account teaches kids smart money habits and helps you save for their future. Teach your child how to “squirrel away” money the fun way!
- Minimum deposit amount – $5
- Monthly fees – No monthly fees
- Any requirements? – Must be age newborn – 12 years
- Features/benefits
- Earn rewards for good grades
- Receive a matching deposit (plus, a little something extra) when your child makes a deposit within a month of their birthday. For example, if you’re 10 years old and make a deposit of at least $10, you’ll get $10 deposited into your Kids Club account! ($1 x child’s age).
- Sammy Squirrel accountholders earn one Acoin for every $10 deposited into their account; these wooden nickels can be redeemed for gift cards or money deposited into their account.
- Legal/disclosures – Maximum savings reward redemption is 100 Acoins in one year. No payroll or direct deposit accepted into Kids Club accounts, including Social Security benefits. Prizes subject to change. Must have minimum balance of $50 to receive birthday deposit.
- Earns interest? – Same as regular savings account
Kids Club Acoins Chart
| # of Redeemed Acoins | Minimum Balance Required | Reward |
|---|---|---|
| 55 | N/A | $5 gift card |
| 75 | $250 | $10 reward deposit |
| 100 | $500 | $25 reward deposit |
Rosey’s Holiday Club
Open a First Commerce Holiday Club Savings Account and take the financial stress out of the holiday season when you regularly save for holiday gifts and travel.
- Minimum deposit amount – $5
- Monthly fees – No monthly fees
- Earns interest? – Yes, see below
Rosey’s Holiday Club Rates
| Average Daily Balance | Prospective Dividend Rate/APY* |
|---|---|
| $5.00 | 0.15% |
*All dividends are posted quarterly.
- Any requirements?
- Open your savings account with a $5 deposit
- Contribute regularly to your account
- Features/benefits
- Earn dividends every quarter
- Funds are automatically transferred to your FCCU savings or checking account each November 1
- Legal/disclosures – Plan on funds remaining on deposit until November 1 of each year, or some dividends may be forfeited, and you won’t be able to contribute again until after November 1. Rates are subject to change quarterly.
Rates are accurate as of January 17, 2025 and are subject to change without notice.
High-Yield Deposit Accounts
Certificates of Deposits
Certificates of Deposit (CDs) are like high-yield savings accounts. Lock in higher returns at a fixed rate when you commit to saving for a specific period of time with a CD! First Commerce also gives you the flexibility to set your own term length. We offer Traditional CDs, IRA CDs, and Kids Club/Junior CDs.
Compare CD Rates
| Term | Dividend Posting | APY* | Dividend Rate |
|---|---|---|---|
| 91 days (not offered on IRAs) | Monthly | 0.60% | 0.60% |
| 5 Month Special** - Current Member | Monthly | 4.50% | 4.41% |
| 5 Month Special** - New Member | Monthly | 4.40% | 4.31% |
| 182 days | Monthly | 1.50% | 1.49% |
| 12 months | Monthly | 2.70% | 2.67% |
| 18 months | Monthly | 2.75% | 2.72% |
| 2 years | Monthly | 2.90% | 2.86% |
| 3 years | Monthly | 3.00% | 2.96% |
| 4 years | Monthly | 3.10% | 3.06% |
*APY=Annual Percentage Yield. CD=Certificate of Deposit. Rates subject to change without notice. Early withdrawals will be subject to a substantial penalty and any fees could reduce the yield. Speak to a Financial Services Officer for complete details.**Current members who established membership prior to opening a 5-month Promotional CD will receive the current member rate and may open two CDs. New members will receive the new member rate and may open one CD during the promotional period. Annual percentage yield (APY) assumes principal and dividends remain on deposit for the 5-month term of the certificate (CD). APY is accurate as of 12-19-2024. Minimum balance to open and earn dividends is $1,000. Early withdrawal penalties apply. Offer good for initial term only and will renew as a standard 6-month CD. Offer applies for consumer, business, and IRA CDs. No monies accepted from brokers or financial institutions. FCCU reserves the right to end promotion at any time. Insured by NCUA.
Money Market Accounts
Get the best of both worlds: higher interest rates and the flexibility to write checks. The higher your balance, the more you earn! A money market account pays interest based on current market rates. It’s a great way to watch your money grow and access funds when you need them.
- Minimum deposit amount – $2,500
- Monthly fees – No monthly fees on average daily balances $2,500 or higher*
- Earns interest? – Yes
*A $10 monthly fee will be assessed on balances below $2,500.
- Features
- Dividends are compounded and paid monthly
- Free check writing privileges for up to 3 checks per month ($250 minimum per check)
- Easily transfer funds to your First Commerce checking account
- Higher dividend rates with a qualifying iEarn! or iEarn!50+ Checking Account
Money Market Account Rates
| Average Daily Balance | Dividend Rate¹ | APY | Power Checking Dividend Rate¹’² | Power Checking APY |
|---|---|---|---|---|
| Up to $9,999.99 | 0.10% | 0.10% | 0.15% | 0.15% |
| $10,000.00 – $24,999.99 | 0.35% | 0.35% | 0.40% | 0.40% |
| $25,000.00 – $49,999.99 | 0.50% | 0.50% | 0.55% | 0.55% |
| $50,000.00 – $99,999.99 | 0.75% | 0.75% | 0.80% | 0.80% |
| $100,000.00 – $249,999.99 | 1.00% | 1.00% | 1.05% | 1.05% |
| $250,000.00 – $499,999.99 | 1.05% | 1.05% | 1.09% | 1.10% |
| $500,000.00 and above | 1.09% | 1.10% | 1.14% | 1.15% |
¹A $10 monthly fee will be assessed on balances below $2,500. ²Power Checking Account must have an Average Daily Balance of $2,500 or more for higher rate. Power Checking Dividend Rate and APY also apply to iEarn and iEarn 50+ accounts. All dividends are posted quarterly.
Power Move Money Market
This unique Money Market Sweep account is linked to Power Checking and offers a highly competitive rate structure with a “sweep” transfer feature that automatically moves funds between your checking and money market accounts to maximize savings.
- Minimum Deposit – $2,500
- Requirement to Open – Must open or already have a Power Checking Account
- Monthly Fees – No fees
- Features
- Higher Interest Rate
- Liquidity: Access your money when you need it, instead of waiting for long-term investments or CDs to mature.
- Safety and Stability: FCCU Money Market accounts are stable and insured by NCUA up to $250,000, so you don’t have to worry about stock market ups and downs.
- If your Power Checking account has more than $20,000, the extra money will automatically move to the Power Move Money Market to earn more interest. If it falls below $20,000, money will move back to the Power Checking account to keep the balance at $20,000.
- All transfers to and from accounts occur during nightly processing to ensure timely and efficient management of account balances.
Power Move Money Market Rates
| Average Daily Balance | Dividend Rate³ | APY³ |
|---|---|---|
| Up to $9,999.99 | 5.00% | 5.08% |
| $10,000.00 - $24,999.99 | 3.00% | 3.84% |
| $25,000.00 - $49,999.99 | 2.00% | 2.92% |
| $50,000.00 - $99,999.99 | 1.50% | 2.21% |
| $100,000.00 - $249,999.99 | 1.00% | 1.49% |
| $250,000.00 - $499,999.99 | 0.75% | 1.12% |
| $500,000.00 and above | 0.75% | 1.12% |
Members dividends will be calculated as 5.00% for balances between $.01 & $9,999.99, 3.00% for balances between $10,000 and $24,999.99, 2.00% for balances between $25,000 and $49,999.99, 1.50% for balances between $50,000 and $99,999.99, 1.00% for balances between $100,000 and $249,999.99, and .75% for balances $250,000 or more.³APY = Annual Percentage Yield. 5% APY applied to balances up to $9,999.99 only. APY accurate as of 2/29/2024. Minimum opening deposit for Power Move Money Market Account is $2500. Minimum opening deposit for Power Checking is $25. Power Move Money Markey accounts must also have an active Power Checking account. Power Move Money Market accounts have a required sweep feature that is linked to the Power Checking account. If the balance in the Power Checking account on any business day is over $20,000.00, the amount exceeding $20,000 will be automatically swept from the Power Checking account to the Power Move Money Market account. If the balance in the Power Checking account on any business day is under $20,000, the amount of the shortage will be automatically swept from the Power Move Money Market account to the Power Checking account. Members who elect to open a Power Move Money Market account are limited to one Money Market account. Visit www.firstcommercecu.org/powermove for more information. Insured by NCUA.
Traditional & Roth IRAs
You’re never too young to start saving for retirement with an IRA! Interest compounds on these accounts, so the sooner you start saving, the more money you’ll have available when you need it later.
- Minimum deposit amount: – See rate tables
- Monthly fees: – See rate tables
- Earns interest? – See rate tables
Individual Retirement Plans
| Traditional | Roth | |
|---|---|---|
| Best For | Retirement | Retirement |
| Income Limit? | No | Full contributions up to $125,000/yr for singles and $198,000/yr for couplesPhases out at:$140,000/yr for singles and $208,000/yr for couples |
| Income Requirement? | Income must be from compensation or self-employment | Income must be from compensation or self-employment |
| Maximum Annual Contribution Under Age 50 | $6,000 | $6,000 |
| Maximum Annual Contribution Over Age 50 | $7,000 | $7,000 |
| Tax-Deductible Contributions | Tax deferred up to 100% depending on Annual Gross Income and participation in an employer-sponsored retirement plan | No |
| Tax On Earnings | Grows tax-deferred until withdrawn | Grows tax-free if held for at least five years |
| Tax On Withdrawn Funds | Withdrawals are taxed as income | No tax on contributions No tax on earnings after age 59 ½ |
| Required Minimum Distribution Or Withdrawal | Age 70 ½ | No |
| Withdrawal Penalty | Most withdrawals before age 59½ result in IRS penalties | Most withdrawals before age 59½ result in IRS penalties |
Rates
| Average Daily Balance | Dividend Rate (Traditional) | APY (Traditional) | Dividend Rate (Roth) | APY (Roth) |
|---|---|---|---|---|
| $50.00 – $9,999.99 | 0.10% | 0.10% | 0.10% | 0.10% |
| $10,000.00 – $24,999.99 | 0.35% | 0.35% | 0.35% | 0.35% |
| $25,000.00 – $49,999.99 | 0.50% | 0.50% | 0.50% | 0.50% |
| $50,000.00 – $99,999.99 | 0.75% | 0.75% | 0.75% | 0.75% |
| $100,000.00 – $249,999.99 | 1.00% | 1.00% | 1.00% | 1.00% |
| $250,000.00 – $499,999.99 | 1.05% | 1.05% | 1.05% | 1.05% |
| $500,000.00 and above | 1.09% | 1.10% | 1.09% | 1.10% |
Dividends are posted monthly for all IRA accounts.
Coverdell Education Savings Accounts (ESA)
We’re here to help you reach your education goals, from kindergarten all the way through college or trade school. You can use an Education Savings Account (ESA) to save for any qualified education expenses.
Coverdell Education Savings Accounts (ESA)
| Average Daily Balance (ADB) | Dividend Rate | APY |
|---|---|---|
| $50.00 – $9,999.99 | 0.10% | 0.10% |
| $10,000.00 – $24,999.99 | 0.35% | 0.35% |
| $25,000.00 – $49,999.99 | 0.50% | 0.50% |
| $50,000.00 – $99,999.99 | 0.75% | 0.75% |
| $100,000.00 – $249,999.99 | 1.00% | 1.00% |
| $250,000.00 – $499,999.99 | 1.05% | 1.05% |
| $500,000.00 and above | 1.09% | 1.10% |
- Any requirements?
- Account must be liquidated by age 30
- Funds must be used for education
- $2,000 maximum annual contribution per child under 18
- Features
- Funds can be transferred between accounts for children in the same family
- Can be used for any qualified education expenses (kindergarten through college or trade school)
- No tax on withdrawn funds for qualified expenses
Rates are accurate as of January 17, 2025 and are subject to change without notice.
Insured by NCUA. *APY=Annual Percentage Yield. CD=Certificate of Deposit. Rates subject to change without notice. Early withdrawals will be subject to a substantial penalty and any fees could reduce the yield. Speak to a Financial Services Officer for complete details.
Member Testimonial
“I’m writing to indicate how pleased and grateful I am with the services provided. I would highly recommend anyone, including friends and family, to bank at First Commerce for all of their banking needs.”
Open an Account
To learn more or open your account, schedule an appointment, call us at 850.488.0035 or 800.533.5772, or visit one of our financial centers.
Manage Money Your Way
Certificates of Deposit
Lock in higher returns at a fixed rate when you commit to saving for a specific period of time.
Six Pillars Financial Advisors
Schedule time with Six Pillars Financial Advisors, a subsidiary of First Commerce, for free comprehensive financial planning to help you pursue your financial goals.
Road Map to Financial Strength
The FCCU Foundation offers free online tools to help you build your personal road map to financial strength.
Certificates of Deposit
Lock in higher returns at a fixed rate when you commit to saving for a specific period of time.
Six Pillars Financial Advisors
Schedule time with Six Pillars Financial Advisors, a subsidiary of First Commerce, for free comprehensive financial planning to help you pursue your financial goals.
Road Map to Financial Strength
The FCCU Foundation offers free online tools to help you build your personal road map to financial strength.
Your Financial Partner for Life
Established in 1940, First Commerce is a full-service, not-for-profit credit union with locations across North Florida and South Georgia. We are a member-owned cooperative and committed to the communities we serve. Our purpose is to empower people to enhance their financial well-being by helping them achieve their financial goals – whether it’s simplifying their day-to-day finances, buying their first car or home, or building a great retirement. When you bank with First Commerce, you get a truly personal experience backed by 80 years of financial expertise.
APR = Annual Percentage Rate; APY = Annual Percentage Yield
Six Pillars Financial Advisors products and services are not federally insured; are not obligations of or guaranteed by First Commerce Credit Union; involve investment risk; and may be offered by a dual employee who accepts deposits on behalf of First Commerce Credit Union and also sells non-deposit investment products on behalf of Six Pillars Financial Advisors.
