Savings

Regular Savings

A regular savings account is the only required account for members. It provides membership eligibility and serves as a basic savings account and is the cornerstone of our loan funds.


Money Market Accounts

Money Market Accounts that fit YOUR needs! Our Investor Money Market and Flexible Money Market accounts offer comprehensive interest rates, tiered balance options, availability and NO risk.


200331447-001Club Accounts

Get “Back To Financial Basics” with a Sierra Central Club accounts.

Holiday Club

Enjoy the holidays without the financial stress! Start your holiday club today! Set up an automatic monthly deposit for as little or as much as you want. Renewal date* for the holiday club account is October 23rd of every year. Your balance will transfer to a designated checking or savings account just in time for your holiday spending.**

Tax Club

Tax season is stressful! Start your tax club account today! Set up an automatic monthly deposit for as little or as much as you want. Renewal date* for the tax club account is March 16 of every year. Your balance will transfer to a designated checking or savings account just in time to pay your taxes.

Vacation Club

Are you planning for a dream vacation? Start your vacation club account today! Set up an automatic monthly deposit for as little or as much as you want. Renewal date* for the vacation club account is May 23rd of every year. Your balance will transfer to a designated checking or savings account just in time for summer vacation.

Back to School Club

Whether you’re saving for back to school clothes, materials or tuition, our back to school club account can help make it a little easier. Set up an automatic monthly deposit for as little or as much as you want. Renewal date* for the back to school club account is July 23rd of every year. Your balance will transfer to a designated checking or savings account just in time for school.

Disclosure: *The club account balance transfers on “renewal date” of each year. If the “renewal date” falls on a weekend or legal holiday then the account balance will transfer on the previous business day. The club accounts have a $5.00 withdrawal fee which will be assessed for each withdrawal made during the term of the account. No fee is assessed for the automatic balance transfer done on the account maturity date. Interest rate is subject to change at any time without notice. Holiday Club account is considered to be savings accounts and subject to all Regulation D requirements.

The maximum limits are as follows:

  • Holiday Club = $10,000
  • Tax Club = $25,000
  • Vacation Club = $15,000
  • Back To School Club = $20,000

**The Holiday Club account has a grace period from October 23rd to December 31st during this time the withdrawal fee will not apply.


Minor Savings

It’s never too early to start teaching our kids about the importance of savings!! With a Minor Savings accounts members under the age of 18 can begin their banking experience with this account. The account is set up in the name of the minor and the social security number of the minor with a parent or legal guardian as the co-signer. When the minor reaches the age of 18 the account is transferred into a regular savings.

Start saving today for that first car, a bicycle, an iPod, or that important education. You can deposit gifts from family or friends for birthdays or holidays; or deposit those hard earned dollars from babysitting, mowing the lawn, newspaper deliveries, or cutting fire wood. Start today and watch your savings grow!


Individual Retirement Accounts

An account established by a member to save for their retirement. Sierra Central acts as custodian of the IRA funds and acts upon the direction of the member. At Sierra Central there are no annual maintenance fees and several IRA investment options including the Ultimate Money Market and IRA Certificates. For More Details


Share Certificate

An investment that members make for a specified time period that generally earns a higher rate of return than our regular savings and money market accounts. The more you save the more you earn with Sierra Central’s Tiered Rate Share Certificates. You can earn high yields with investments from 3 to 60 months.

Rates shown as APY = Annual Percentage Yield is based on the assumption that the interest will remain on deposit until maturity.  Posted rates are subject to change at any time without notice.  Membership and/or participation fees may apply and could reduce earnings.  Penalty for early withdrawal applies to share certificate and club accounts.  Other restrictions may apply, must meet account opening criteria.