Boise Southern Employees Federal Credit Union headquartered in Louisiana provides competitive interest rates with their share savings account. This best savings account is tiered and has the following interest rates:

• $100 to $9,999.99                            0.753% APY
• $10,000 to $19,999.99                  1.257% APY
• $20,000 to $49,999.99                  1.510% APY
• $50,000 and above                       2.018% APY

For you to earn this high yield savings account you need to open an account first with an initial deposit of $5. Although you need to has a minimum daily balance of $100 to start earning this best interest rate. The dividends of this best savings account is compounded every month. Please note that the current savings account rate may change anytime, so be sure to contact the credit union and ask for the latest interest rates.

You can become a member of Boise Southern Employees Federal Credit Union if you are an employee or retiree of MeadWestvaco Corporation, Beauregard Electric Cooperative, Inc. or Boise Paper Mill located in DeRidder, Louisiana. Your direct family members are also eligible to join the credit union. You also need to visit their office in order to open a share savings account and apply for membership.

You can contact the credit union’s customer service line thru 337-463-3621 for questions or concerns with regard to savings account and field of membership.

Boise Southern Employees Federal Credit Union has been providing its service since 1970. Currently the credit union has grown to have 2,446 members with over $30 million in declared assets. The credit union is also insured by the National Credit Union Association with charter number 20417.