Accounts
Checking
ABFCU Checking
With instant-issue debit cards offering access to over 55,000 surcharge-free ATMs across the United States, the ABFCU checking account offers the flexibility you need with real benefits:
No fees
No minimums
Earns dividends
Expanded eServices
Savings
Open an Account
Every valued member of Arkansas Best Federal Credit Union has a share savings account. As an owner, savings in your credit union are called shares. You don’t have to open your account with a big pile of money. Although you can deposit as much as you like, you can open an account with as little as $5.00. Your ABFCU Savings Account is insured up to $250,000 by NCUA, an agency of the federal government. And, our savings account usually pays higher dividends than most other financial institutions.
Specialty Savings Accounts
Christmas Savings
This account offers you a savings option for the Holiday season as well as paying you dividends. Withdrawals are available from November 1 through December 31, as you request. You can make deposits to your Christmas Savings in any way you choose throughout the year.
Vacation Savings
Use this account to save for a special trip or event or just to have a way to separate your savings for any reason. This account also earns dividends, and withdrawals are available upon your request.
Share Certificates
Share Certificates
A Share Certificate Account is traditionally considered one of the safest ways to save for diverse purposes, such as a dream vacation, down payment, or a secure and comfortable retirement. Share Certificate Accounts always hold their original value, unlike the stock market, plus they earn interest at a rate typically higher than those of a regular savings account.
Arkansas Best Federal Credit Union offers Share Certificates in terms of 3 months, 6 months, 1 year, 2 years, 3 years, 4 years, and 5 years. A minimum deposit of $500 is required on all share certificates. Dividends are paid monthly. Penalties for early withdrawal may apply.
IRAs
Arkansas Best Federal Credit Union offers several options for your retirement and education savings needs. An IRA with ABFCU starts with a simple application, and we’ll take it from there. The different savings plans that we offer are as follows:
Traditional
A Traditional IRA is a tax-deferred retirement savings account. This means you don’t pay taxes on the funds until you withdraw your money in retirement. We offer Traditional IRAs in both savings and share certificate accounts.
Roth
A Roth IRA is funded with money that has already been taxed. Since you have already paid taxes on these funds, there are no taxes upon a qualified withdrawal. Roth IRAs are available in both savings and share certificate accounts.
Coverdell Education Savings Account
A Coverdell ESA is a savings account set up to pay the qualified education expenses of a designated beneficiary. This means you can invest money to grow tax-deferred for education purposes. We offer Coverdell ESAs in savings accounts.
Account Access
Account Access
| Deposits can be made: | Withdrawals can be completed: |
|---|---|
| Through Direct Deposit | By calling 479-649-2060 |
| At the Fort Smith Location | Through Online Banking |
| By Mail | At one of over 5,000 Shared Branch Locations |
| In the night drop at the Fort Smith Location | Via CO-OP, MoneyPass, or Dolphin Debit Surcharge-free ATMs |
| At one of over 5,000 Shared Branch Locations | At the Fort Smith Location |
| Mobile Deposit via Mobile App | |
| Via SmartPay |