Savings

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.

Account Features

Account holder becomes a member (owner) of the EFCU
Deposit and withdraw money
Right to a vote and run for the governing body
Dividend is paid for the average balance maintained into the account once dividend is declared

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:

Account Features

Minimum balance is $1,000 and maximum balance can be up to $3,500
(minimum 40 shares to maximum 140 shares)
To eligible for dividend, minimum balance to be maintained in this account
Committed amount to be deposited within 10 months
This account is open for all members on first come first serve basis and until closed by the EFCU

Everest Savings Accounts

Start an Account

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.

Kids Saving

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.

Available only to the minors
After they turn 18 years old, they should transfer the fund to other eligible accounts
Receive interest rate of 3.25% if held more than three consecutive years
Initial interest rate will be based on EFCU’s short-term CD rate
No Minimum balance required

Youth Saving

This account is created to benefit students. This will provide attractive interest so that students can fund their accounts for their educational needs.

This account will be available only for students
Once they finish college bachelor’s degree, they should transfer fund to other eligible accounts
Initial interest rate will be based on EFCU’s short-term CD rate
There will be interest rate set 3.25% if held more than 3 years
No Minimum balance required

CD (Certificate of Deposit) Accounts

Members are eligible to open Certificate Deposit (CD) account to earn higher interest rates.

Account Features:

Maturity terms – 1 year, 2 years, and 4 years
Interest rate range – 1 to 3 percent based on time hold
Minimum deposit at least – $100
Longer term CDs will get higher interest rates
The “Himalaya Capital” CD is a 4-year fix deposit CD
Introductory Interest rate is 3.00% on the Himalayan Capital CD
This CD requires $1,000 face deposit and available in first come first serve basis
This CD receives interest rate higher than the market rate