Finding the right place to grow your money is about more than just interest rates; it is about finding a financial partner that understands your life in Princeton. Whether you are saving for a home near Nassau Street, planning for your family’s future, or simply building an emergency fund, Princeton Federal Credit Union provides a secure, local alternative to the big banks.
As a member-owned institution, we prioritize your financial wellness. Every dollar you deposit is backed by the strength of the community and protected by the National Credit Union Administration (NCUA), ensuring your hard-earned savings are safe and sound right here in New Jersey.
Why Choose a Local Credit Union for Your Savings?
When you search for a savings account in Princeton, you will find plenty of national banks. However, there is a fundamental difference between a bank and a credit union. Banks are owned by stockholders, but Princeton FCU is owned by you, the member.
Because we are a not-for-profit cooperative, we do not answer to outside investors. Instead, we return our "profits" to you in the form of higher dividends on savings, lower fees, and personalized service that a distant corporation simply cannot match. When you save with us, your money stays local, supporting the very community where you live and work.
Our Savings Solutions Designed for You
We know that every saver has different goals. That is why we offer a variety of accounts designed to fit your specific stage of life.
Regular Savings Accounts: This is your "Share" Account and the foundation of your membership. It keeps your funds accessible while earning competitive dividends.
Money Market Accounts: If you are looking for a higher yield without locking your money away in a long-term certificate, our Money Market Accounts offer the perfect balance of growth and liquidity.
Club Accounts: Whether it is for holiday shopping or a summer getaway, our Club Accounts help you set money aside systematically so you are never caught off guard by seasonal expenses.
Please note that our rates are updated regularly to ensure you are getting the best value. To see our most current figures and find the best fit for your budget, please visit our rates page.
Easy Access in Princeton and Beyond
Through the Shared Branch network, thousands of credit unions collaborate to provide members with seamless account access and personalized service, no matter where life takes you. Whether you're traveling or have relocated, you can manage your accounts just as you would at Princeton Federal Credit Union. Best of all, these services come at no cost to you.
Princeton FCU also provides a full suite of digital banking tools that allow you to manage your savings from your smartphone or laptop. You can monitor your balances, transfer funds between accounts, and deposit checks via our Mobile App. You get the peace of mind that comes with a local Princeton presence, paired with the 24/7 access of a global financial institution.
How to Open Your Princeton Savings Account</h2>
Starting your savings journey with us is straightforward and stress-free. We have streamlined our application process to get you started in minutes.
Check Your Eligibility: If you live, work, worship, or attend school in our designated areas of Princeton and surrounding communities, you are likely eligible!
Apply Online or In-Person: Choose the method that works best for you. Our online application is secure and easy to navigate.
Make Your Initial Deposit: A small opening deposit is all it takes to establish your "share" and become an official member-owner of the credit union.
Frequently Asked Questions
Are my savings at a credit union as safe as they are at a bank?
Yes. Just as the FDIC insures bank deposits, the NCUA (National Credit Union Administration) provides federal insurance for your deposits at Princeton FCU up to at least $250,000.
Can I access my Savings Account if I travel outside of New Jersey?
Absolutely. Through our digital banking platform and our network of shared branches and ATMs, you can manage your money from almost anywhere in the world.
What do I need to open an account?
Typically, you will just need two forms of ID, one being government-issued, your Social Security Number or ITIN, and proof of your connection to the Princeton area (such as a utility bill or employment ID).