Share Savings
Where money thrives and people do too.
Our Share Savings Account is our easy-to-use savings account and your ticket to becoming a Fortera member.
Share Savings 101
Open more than just a savings account.
Whatever you’re saving for, all you need is $10 to open a share savings account and become a member of Fortera Credit Union. When you join us, you become part of a not-for-profit (yep) financial cooperative with the sole mission of helping its members thrive. Decisions about how we put your money to work are made by you, not shareholders working in some high-rise building somewhere. Around here, our members are in charge.
With your Share Savings Account, you get more than membership and sound financial guidance — you earn dividends on your savings and get access to all sorts of other accounts created with you in mind.
If you’re still curious about credit unions, here’s a little more info about the most people-friendly way to manage your money (in our humble opinion).
Share Savings Account Rates
| Type | Share Savings |
| Dividend Rate | 0.100% |
| APY* | 0.10% |
| Balances | $50 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Monthly |
| Dividends Credited | Quarterly |
| Type | Spare Share Savings |
| Dividend Rate | 0.050% |
| APY* | 0.05% |
| Balances | $50 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Monthly |
| Dividends Credited | Quarterly |
| Type | Sprout Share Savings |
| Dividend Rate | 0.100% |
| APY* | 0.10% |
| Balances | $25 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Monthly |
| Dividends Credited | Quarterly |
| Type | Flex Share Savings |
| Dividend Rate | 0.100% |
| APY* | 0.10% |
| Balances | $25 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Monthly |
| Dividends Credited | Quarterly |
*APY = Annual Percentage Yield. APY is accurate as of the last dividend declaration date. Dividend Rate and Annual Percentage Yield may change at any time in the discretion of the Credit Union. Fees may reduce earnings on the account. Rate may change after account opening.
Share Savings Account Benefits
Helpful Resources
FAQs
To be able to open a Share Savings Account, you must meet the following eligibility requirements: (1) You must be 18 years of age or older (2) You must live, work, worship, or attend school in one of our service regions; join an affiliated partner, or have an immediate family member who is a Fortera member. Our service regions include Montgomery, Stewart, Chester, Decatur, Lewis, McNairy, and Perry counties in Tennessee or Christian, Trigg, Todd, McLean, and Webster counties in Kentucky. Residents of other counties in Tennessee, Kentucky, Alabama, and Arkansas may also be eligible.
Can I set up automatic transfers to a Share Savings account?
Yes! We make depositing in this account easy. Simply let one of our team members know that you would like to do this when you open your Share Savings Account or do it yourself in our Online Banking Portal.
Dividends are extra money that your account earns just by being open and meeting our minimum account dividend earning value. The Share Savings Account earns dividends quarterly as long as your account has at least $50 deposited in it. It is just another way we like to say thank you to our members for trusting us with your hard-earned "dough." Click the "Learn more" button to see our Rate and Fee Disclosure for more information.
What documents do I need to open a Share Savings account?
To verify your identity, we always ask that you come prepared with a government issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. For children, we have a variety of other documents we can use to verify identities. These include social security cards, birth certificates, medicaid cards, and insurance cards. If you have a question about whether or not an ID can be used, just text us at 931.431.6800.
What does it mean when you say a Share Savings account “establishes my credit union membership”?
This is the account we ask all of our members to open to join Fortera Credit Union. When you open this account, you pay a one-time $5 membership fee. This secures you as a life long Fortera Credit Union member. As a member, you help us determine the future of the credit union.
All members are encouraged to attend our annual meeting and speak with credit union leadership (yep, that includes our Board Members and CEO) about what you want most from your financial provider.
Your opinions and your voice will have a big impact on our plans. We want to do what our members want most. Think of membership like your right to vote on the future of the credit union.
This is reminiscent of how credit unions started. A few people pitched in to loan money (just a dollar or two) to friends and family when loans from larger banks were inaccessible and that's how it all began.
Yeah, it's a little sentimental, but we like it. It reminds us of where we came from, how far we can go, and who were created to serve.
Can I open a Share Savings account online or do I need to open it at a branch location?
You can open this account online or in-person. The choice is yours.
Savings Calculator
What will it take to help reach your savings goals? This financial calculator helps you find out. Enter in your savings plan and view graphically your financial results. Click the report button to get more information about your plan, and what you can do to make sure that it is on track.
