Savings Accounts - Launch Credit Union

Choose Your Way To Save With Launch CU Savings Accounts

Launch Savings Accounts

Opening a Savings Account represents ownership in the credit union and access to many benefits that will save you money and time. Establishing membership gives you access to a wide variety of services to help you go beyond in life.

To establish membership in Launch CU, you must open a Savings Account. When you open a Savings Account and deposit funds, you are actually becoming a shareholder in Launch CU and forming the basis of a unique relationship that no other type of financial institution can offer you.

Become a Member

Money Market

Earn HIGHER dividends with a MONEY MARKET ACCOUNT from Launch.

Set your savings ON FIRE with a higher rate than our Savings Account while keeping your money available for emergencies.

Benefits

Higher earning for larger balances
Easy to access funds
Convenience
Peace of Mind
Simple transaction processing
Affordable

Features

Tiered dividend rates higher than a savings
More liquidity than a share certificate
Digital banking transfers
Available as Overdraft Protection source for checking account
ACH debits and credits processed with MICR number
$2,500 minimum opening deposit

Savings Account

A Savings Account creates your membership and opens the door for many valuable services at Launch CU. Savings Accounts can be opened at any branch location with only a minimum deposit of $5.

Holiday Account

Have money for the holidays by making contributions throughout the year to a Holiday Savings Account.

Your account matures the last business day of October and the entire balance will transfer into your savings account. The account will automatically renew the first business day of November. A penalty will apply for early withdrawal.

Minor Savings Accounts***

Launch Credit Union offers Minor Savings Account to help those under the age of 18 go beyond to reach their future financial goals. A Minor Savings Account is a great way for your child to see how fun and exciting saving money can be. It also helps them learn the value of a dollar at a very young age. With a Launch CU Minor Savings Account your child will start earning dividends regardless of his or her account balance. Start your child on the road to financial success by opening a Minor Savings Account today with just a minimum deposit of $5.

IRA Accounts

IRA accounts, or Individual Retirement Accounts, are a great way to save money for your retirement. Launch CU IRA accounts can help you to save money for life after retirement. Launch CU offers three types of IRA accounts:

Traditional IRA
Roth IRA
Inherited IRA

These accounts may offer tax benefits. Consult your tax adviser to determine how an IRA can provide the maximum benefits for you.

The type of IRA account that you choose can affect your family’s long-term savings. It is important to understand the difference between Traditional IRA accounts, Inherited IRA, and Roth IRA accounts in order to select the individual retirement account that is best for you.

For more information on Traditional IRA, Inherited, and Roth IRA accounts, please call us at 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard), or stop in to any of our conveniently located branch locations.

Available at Home or on the Go

Launch CU offers a wide variety of ways to easily access your accounts:

Digital Banking
Bill Pay
eStatements
Mobile Check Deposit
Audio Response System
ATM/Debit Card
Conveniently Located Branches Throughout Brevard and Volusia Counties

Open an Account

A Savings Account can be opened at any branch location with a minimum deposit of $5. This represents one share in Launch CU. All you need to bring in with you is two forms of identification, including at least one photo ID.

We accept the following forms of ID:

Florida issued ID card
Driver’s License
Passport
Military ID

Routing # for Direct Deposit: 263179532

Regulation D

Launch CU Savings Accounts are governed by Federal Regulation D that states the depositor may make no more than six transfers or withdrawals, or a combination of such transfers and withdrawals, per statement period to another account of the depositor at the same institution or to a third party by means the following types of transactions:

Preauthorized transfer** (ACH debits to pay FPL, Insurance company, etc.)
Automatic transfer (including overdraft transfers from Savings to Checking)
Telephone (transfer funds to Checking)

The following Transactions are not limited by Regulation D:

Transfer to pay a Launch CU loan
ATM
Mail
In person

You can verify the number of Regulation D transfers from your Savings Account in Online Banking.

If you have any further questions concerning your monthly Reg D status, contact an Account Specialist at 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard), Option 3. Please make sure to leave us your daytime phone number.

Retirement Calculators

Visit any branch location to open your account. For questions call 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard).

Minimum daily balance to earn dividends is $200. Click here for more information.

A preauthorized transfer includes any arrangement to pay a third party upon written or oral instruction or any arrangement to pay a third party at a predetermined time or on a fixed schedule.

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Launch CU recognizes its responsibility to protect the privacy and personal information of our youngest members, (children under the age of 13). Our COPPA policy's primary goal is to place parents in control of what information is collected online from their children. Review Launch CU's COPPA policy today.