Our top 5 Savings accounts to help you save more

Our top 5 Savings accounts to help you save more

Raise your hand if you have ever been in a situation where an unfortunate event occurred, and wished you had extra cash to pull from? While putting money under your mattress may seem to be the easiest way to save, it isn’t the safest or beneficial option. Below are our top 5 savings accounts we offer so you can put your money somewhere that is safe, secured, and earns you money just by keeping it in there!

1. Premium Market IRA:

Great retirement savings account for all members who are ready to start saving towards their future.

  • Earn a higher dividend.
  • Safe, secure, and insured
  • No administrative fees.
  • Can roll over 401k or 403b from previous job.

Click here for more information.

2. Term Share Certificate:

The Term Share Certificate or CD is our highest earning dividend account we offer. You can choose how long you would like to lock your funds for while earning a high dividend.
P.S. If you are a member who has at least 3 of these services (Checking account, Direct Deposit, loans, IRA, VISA Debit Card, Bill Pay) you could earn an additional 1/2% on your term.

  • Minimum deposit of $1,000.
  • Terms available from 3 months to 5 years.
  • PDA accounts earn 1/2% more.

Click here for more information.

3. Money Market

Our Money Market is a great savings account to have if you want to have easy access to your funds while still earning a higher dividend than a basic savings account.

  • Can withdraw or transfer up to 6 times per month.
  • No terms contracts.
  • Minimum of $2,500 to earn dividends.

Click here for more information.

4. College Saver

We know the idea of having to start saving for your child’s college can be stressful, so we made this savings account just for that! You can start saving as early as you like, there is no age requirement to get their future started.

  • $25 minimum required to open an account.
  • $250 minimum to start earning dividends.
  • Unlimited number of deposits greater than $50
  • Renews every 12-months until member is 18 years old.

Click here for more information.

5. HSA

Our Health Savings Account is a type of personal savings account you can set up to pay for certain medical expenses, and it allows you to put money away or withdraw it tax free.

  • Roll over money every year- you won’t lose it!
  • No monthly service charges.
  • Earn dividends or you can invest your funds.

*You must be enrolled in a high deductible health plan, and you cannot be covered by another health plan (with limited exceptions). You also cannot be enrolled in Medicare, and cannot be eligible to be claimed as a dependent on another person’s tax return.
Click here for more information.

Bonus: Dollar Up Savings

This is the easiest way for you to start saving! All you need do is swipe your debit card and every purchase you make will round up to the next dollar. That’s it!

  • Every quarter your savings will transfer to your primary savings.
  • No effort needed! Just swipe your debit card>
  • Earn 2.99% APY

Click here for more information.

Whether you want to start savings towards your retirement, a new home, or simply having money for emergencies, a savings account can help you reach your goals without worrying about ever losing it. Visit our website and go under “Accounts” to look at all our savings’ options we offer.

Post Author: Angeles Lopez

The opinions expressed on this page are for informational purposes only and is not intended to provide legal or financial advice. The views expressed are those of the author of the article and may not reflect the views of the credit union.