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Share Savings

Share Saving Account

Share Savings

A basic savings account. When you join NAE, you will start your membership by opening a Share Account with just $5.00, and as long as your Share Account remains open, you remain a member. Dividends compound and pay quarterly based on the Average Daily Balance in the account. Share Account deposits are federally insured by the National Credit Union Administration (NCUA) up to $250,000. Open a savings account today and enjoy the benefits.

  • No monthly service fees

  • Unlimited cash withdrawals and deposits

  • Dividends paid quarterly

  • $1,000.00 minimum balance to earn dividends

  • A $5.00 membership fee
  • A $5.00 opening deposit to a savings account/no fee or deposit to open a checking account
  • A valid picture ID (Virginia or NC State issued ID, a driver’s license, military ID, Passport)
  • A valid second form of ID (Social Security card, vehicle registration, recent W-2)
  • Proof of current physical residential address (PO Box addresses are not acceptable but can be used as a Mailing address)

Should you have any questions about the documents needed to open an account, please call (757) 410-2000.

Certificates of Deposit

Certificates of Deposit

Certificates of Deposit

Certificates of Deposit are a great way to earn higher dividends on your savings balance. Certificates provide members with maximum flexibility of balance, terms, and dividend rates. Lock into a desired rate and period of time to earn more.

  • Flexible rates and terms

  • Dividends paid monthly

  • Dividends can compound or be paid to your account

Money Market

Money Market Account

Money Market

Money Market Accounts are a great way to save money, earn a competitive rate and have the flexibility of unlimited withdrawals. The more you save, the more you earn.

  • No monthly service fee

  • Competitive rates

  • $1,000.00 minimum balance to earn dividends

  • Unlimited withdrawals

IRA Savings Accounts

IRA Savings Account

IRA Savings Accounts

Whether or not you started saving and planning for your financial security early, NAE can help you find an Individual Retirement Account that best fits your needs so that you will be prepared to enjoy your retirement years. NAE offers Traditional, Roth, and SEP IRA accounts. Which one is right for you? Review the information below on all the retirement plans we offer.

Traditional IRAs allow you to contribute pre-tax earnings to an account until you retire.

  • Some contributions are tax-deductible - talk to your tax advisor about which option is best for you
  • A distribution from a qualified retirement plan may be rolled into a Traditional IRA at any age, regardless of whether the IRA owner has compensation for that year
  • Dividends compound and pay monthly

Roth IRAs allow you to contribute after-tax earnings to an account until you retire

  • Contributions are NOT tax-deductible - talk to your tax advisor about which option is best for you
  • Dividends compound and pay monthly

SEP (Simplified Employee Pension) IRAs allow employers to contribute to Traditional IRAs set up for employees.

  • Some contributions are tax-deductible - talk to your tax advisor about which option is best for you
  • A business of any size, even self-employed, can establish a SEP
  • Dividends compound and pay monthly
Club Accounts

Club Savings Account

Club Accounts

Christmas and Vacation Club Accounts are special savings accounts. They are short-term savings accounts set up by you to encourage saving for future expenses or events. They are important because they encourage and reinforce better savings habits. Although these accounts are typically opened to motivate saving for vacations and holidays, they can also be used for that boat you want, the new addition to your house, or even a down payment.

  • No monthly service fees

  • Competitive rates

  • Dividends paid monthly

  • $100.00 minimum balance to earn dividends

Youth Accounts

Youth Savings Account

Youth Accounts

Our Youth Account is a savings account for kids and a great way to encourage kids to save money. While earning a competitive rate and having the flexibility of unlimited withdrawals. It's beneficial for kids to learn how to save at a young age. This helps them become more knowledgeable when making future financial decisions. The more you save, the more you earn.

  • No monthly service fee

  • Competitive rates

  • Funds matching incentive

  • $100.00 minimum balance to earn dividends

To assist and encourage youths to save, we provide a piggy bank to hold all of their small change. When their bank is full and ready to be deposited into their NAE Youth Savings Account, NAE will reward them for being financially responsible by matching their deposit up to $7.50 once a quarter.