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At Nassau Financial, we can help you meet your savings goals with the type of account that suits your style and goals. Everything you could want from a full-service financial institution is right here! Open an account now.


Savings Account

Simply open a Savings Account with a minimum deposit of $5, and you instantly become a valued member of Nassau Financial. This small deposit buys you one share of ownership in the Credit Union, giving you full voting rights and access to everything we offer.

  • Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. government agency.
  • Dividends (interest) paid and compounded quarterly.

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Youth Accounts

Learn How to Make Your Money Grow with Nassau Financial's Youth Savings Accounts

The earlier one can grasp the value of money and learn how to save and grow it, the better. Money cannot buy happiness; however, it can help you afford the necessities at all stages of your life:  education, your wedding and honeymoon, your apartment, condo or house, your children and their needs, even saving for a comfortable retirement. With a thorough understanding of how to protect and grow your financial estate, you can plan your future and look forward to a bright one! Open a Youth Account and get started!

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Certificates

Looking for a higher rate of return on your money? Consider a Certificate Account - without the risks typically associated with many investments. It can be opened as a regular or IRA Certificate and makes it possible for a saver with at least $1,000 to earn high dividends. In fact, our rates historically have been some of the best in the marketplace. Our Certificate Accounts offer a high fixed annual percentage yield (APY) and terms from 3 to 60 months. With our 24-month and 36-month Bump-Up Certificates, you can bump up your rate one time during the term of the Certificate to the then prevailing corresponding term Certificate rate.

  • Only $1,000 needed to earn high dividends.
  • High Annual Percentage Yields (APY).
  • Regular and IRA Certificates available.
  • Terms from 3 to 60 months.
  • Bump-up to a better rate with our Bump-Up Certificates.

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Holiday and Vacation Club Accounts

  • Save for holiday bills or a dream vacation the safe and easy way.
  • Competitive dividends.
  • Holiday Club funds automatically disbursed to your Savings or Checking Account the first weekend of October allowing ample time for shopping.
  • Holiday Club automatically renews each year.
  • Holiday Club provides one withdrawal per year at no charge.
  • Vacation Club provides up to four withdrawals any time throughout the year at no charge.

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Saver's Edge Money Market

Want to set aside funds and earn a higher dividend rate than a Savings Account, all while still having the funds fully accessible? Our Savers Edge Money Market is for you.

  • Tiered-structure provides higher annual percentage yield as balance reaches different levels.
  • Earn the regular Savings dividend rate if balance falls below minimum.*
  • Write up to six checks per month at no charge.**

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*A fee applies if your balance drops below $2,500.

**A per item fee of $10 is charged for each additional check per month. Federal regulations limit transfers to six per month.


Individual Retirement Accounts

Looking for long-term savings for your future? We've got options for you to choose from. Each type of account can offer substantial tax savings; consult with your tax advisor. Traditional IRAs and Roth IRAs are separately insured from other accounts for up to $250,000 by the National Credit Union Administration (NCUA).

Traditional IRA

Offers immediate tax benefits, with contributions and/or earnings tax-deferred until retirement. IRAs separately insured from other accounts for up to $250,000 by the National Credit Union Administration (NCUA).

Roth IRA

  • Funds you contribute grow tax-deferred.
  • IRAs separately insured from other accounts for up to $250,000 by the National Credit Union Administration (NCUA).

SmartSaver IRA

  • With our unique tiered structure, the more you save, the more you earn.
  • IRAs separately insured from other accounts for up to $250,000 by the National Credit Union Administration (NCUA).

Coverdell Education Savings Account (CESA)

  • A great way to save for a child's elementary, secondary, and/or college education.
  • Contribute up to $2,000 per year for each beneficiary.
  • Money grows tax-deferred until withdrawn.

Federal Savings Insurance

All member deposits are federally insured, in the aggregate, up to at least $250,000 by the National Credit Union Administration (NCUA) a U. S. government agency, through a government-backed federal insurance fund known as the National Credit Union Shared Insurance Fund (NCUSIF) and are backed by the full faith and credit of the United States Government.

  • Joint member accounts are insured separately from individual accounts up to a maximum of $250,000 per account holder.
  • IRAs receive separate $250,000 insurance coverage.
  • Share Insurance Estimator: The National Credit Union Administration's Share Insurance Estimator lets members know how its share insurance rules apply to member share accounts. Follow the link to learn more.

You can trust your savings are safe with us:

  • We are a member-owned, member-controlled, not-for-profit financial institution. Member ownership and control are what make credit unions unique, offering higher dividends (interest) and lower loan rates.
  • We have been soundly providing a full range of financial services to Nassau County since 1936.
  • We do not, and have never, engaged in sub-prime or other types of risky mortgages.
  • Our Annual Report is available anytime here or you can pick up a copy at any of our branches.

APY= Annual Percentage Yield. Rates are subject to change without notice. Important Notes: Fees could reduce the earnings on accounts. For a listing of current fees imposed by the Credit Union click here. On variable rate accounts the rate may change after the account is opened. Variable rates are accurate as of the date shown immediately above the respective rate table or are prospective dividend rates for the current dividend period. Fixed rates are accurate as of the date shown immediately above the respective rate table. A penalty may be charged for early withdrawal from Share Certificates. 4 One time Bump-up option during the term to change the dividend rate to the then current rate of the 24 Month or 36 Month Regular Certificate as applicable.  $500.00 for Coverdell Education Savings Account Certificates.