Alternate Savings Accounts
If you want to save additional money separately from your regular savings account, an alternate share is a good option.
- No minimum balance requirements to open an account
- Deposits can be conveniently made through direct deposit
- No penalties—deposit whatever amount you want, whenever you want
Holiday & Vacation Club Accounts
- Save for the holidays or vacation and earn dividends on balances above $25
- No penalty for early withdraw
Grow your account faster when you automate your savings with direct deposit.
Payable on Death (POD)/Totten Trust Accounts
For members who would like to add a beneficiary to an account, NE PA offers The Totten Trust (POD) revocable trust account. Members can continue to use the account as a regular account. NE PA requires the entire account (with the exception of IRAs) to be included (savings, checking, Top Performing Money Market, certificates, alternate savings, etc.).
- Primary member can add or delete beneficiates at any time
- Beneficiary does not have rights or access to funds until the member and joint owner (if applicable) owning the account is deceased
- Beneficiary is not a joint owner and is not permitted to know balances or do transaction on account
*Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
