Savings Accounts
When you save with UCU you're doing more than just saving for a vacation or a rainy day, you are making an investment in UCU.
Share Account
Our share account is your membership account. Open and maintain with $5 or more and you're ready to take advantage of the full range of our products and services. You can earn a higher rate of interest with a $2,000 minimum balance in our Super Share Account.
- No monthly maintenance fees
- No membership fee
Kasasa Saver®
Put your savings on autopilot with Free Kasasa Saver®
Kasasa Saver® links with your free Kasasa Cash® or Kasasa Cash Back checking account to build up savings automatically. Your checking rewards* and ATM fee refunds* become savings each month - and you never even have to think about it. Plus, Kasasa Saver® earns a high dividend - 1.50% APY* on balances up to $15,000! So your money isn’t just sitting there month after month - it’s growing!
• Linked to free Kasasa Cash® or Kasasa Cash Back checking account
• Automatic transfers of Kasasa checking rewards
• 1.50% APY* on balances up to $15,000
• Balances over $15,000 earn 0.25% interest rate on the portion of balance over $15,000
• 0.05% APY* if qualifications are not met in your Kasasa® checking account
• No monthly service fee
• No minimum balance to earn rewards
• Free online banking
• Free e-statements
• No minimum deposit to open
Here’s the lowdown on how to earn rewards:
To earn a higher Kasasa Saver® rate, simply do the following activities and transactions in your Kasasa Cash® or Kasasa Cash Back checking account each monthly qualification cycle:
Kasasa Cash:
• Have at least 12 debit card purchases post and settle
• Be enrolled and receive e-statement notice
• Be enrolled and and access home banking
• Have at least 1 bill pay transaction or 1 automatic payment (ACH) post and settle
Kasasa Cash Back:
- At least 12 debit card purchases
- Be enrolled in and agree to receive e-statements
- Be enrolled in and log into online banking
If you don’t qualify in your Kasasa checking account one month, no sweat. There’s no fee, and you can get right back to earning your rewards the very next month!
2023 Qualification Cycle |
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|---|---|---|
| January: Dec. 31 - Jan. 30 | February: Jan. 31 - Feb. 27 | March: Feb. 28 - Mar. 30 |
| April: Mar. 31 - Apr. 29 | May: Apr. 30 - May 30 | June: May 31 - Jun. 29 |
| July: Jun. 30 - Jul. 30 | August: Jul. 31 - Aug. 30 | September: Aug. 31 - Sep. 29 |
| October: Sep. 30 - Oct. 30 | November: Oct. 31 - Nov. 29 | December: Nov. 30 - Dec. 29 |
- Reward Information: When your Kasasa Cash® account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s):
- Kasasa Cash®: (1) Balances up to $10,000 receive APY* of 4.01%; and balances over $10,000 earn 0.25% interest rate on the portion of balance over $10,000, resulting in a range from 4.01% to 0.59% APY depending on the account’s balance and
- Kasasa Saver®: (2) Balances up to $15,000 receive APY of 1.50% and balances over $15,000 earn 0.25% interest rate on the portion of balance over $15,000, resulting in a range from 1.50% to 0.41% APY depending on the account’s balance.
- ATM Fee Reimbursements: You will receive reimbursements up to $25 ($5.00 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented for reimbursements of individual ATM fees of $5.00 or higher.
- When Kasasa Cash® qualifications are not met ATM fees are not refunded and all balances in your Kasasa Cash® account and in your Kasasa Saver® account earn 0.05% APY* and 0.05% APY, respectively, and the interest earned in your Kasasa Cash® account is automatically transferred to your Kasasa Saver® account. Dividends and ATM fee reimbursements will be credited to your Kasasa Cash® account on the last day of Statement Cycle and then automatically transferred to your Kasasa Saver® account on the following day. * When linked to the Kasasa Saver® account, the dividends earned within the Kasasa Cash® account does not compound since it is automatically transferred to the Kasasa Saver® account. Consequently, when linked to Kasasa Saver®, and your Kasasa Cash® qualifications are met, balances up to $10,000 in your Kasasa Cash® account receive a non-compounding APY of 4.01%; and balances over $10,000 earn 0.25% interest rate on the portion of the balance over $10,000, resulting in a non-compounding range from 4.01% to 0.59% APY depending on the account’s balance. When your Kasasa Cash® qualifications are not met, all balances in the Kasasa Cash® account earn a non-compounding APY of 0.05%. The Kasasa Saver® APYs may be less than the Kasasa Cash APYs. APY = Annual Percentage Yield. APYs accurate as of 01/01/2023. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.
Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Rewards may vary by account. No minimum deposit is required to open the account. Monthly ACH credit, enrollment in online banking, receipt of electronic statements are conditions of these accounts. Enrollment in electronic services (e.g. online banking, electronic statements) and log-ons may be required to meet some of the account’s qualifications. Limit one Kasasa Cash® and one Kasasa Saver® per prime member and per primary account. A Kasasa Cash® account is required to have a Kasasa Saver® account. A linked Kasasa Saver® account is required for automatic savings. Contact a University Credit Union service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa, Kasasa Cash and Kasasa Saver are trademarks of BancVue, Ltd., registered in the U.S.A.
Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our credit union as ATM transactions and purchases made with a debit card not issued by our credit union and associated with this account. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle.*Reward Information: When Kasasa Cash® Back qualifications are met during a Monthly qualification Cycle, you will receive (1) 2.5% cash back on up to a total of $400.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $10.00 cash back may be earned per Monthly Qualification Cycle. You will also receive reimbursements up to $25 ($4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented within thirty (30) days after the statement cycle when the reimbursement was applicable for reimbursements of individual ATM fees of $5.00 or higher. When Kasasa Cash Back® qualifications are not met, no cash back payments are made and ATM fees are not refunded. Cash back payments and ATM fee reimbursements will be credited to your Kasasa Cash Back® account on the first business day of the following earnings period. Rates and rewards are variable and may change after account is opened. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. No minimum deposit is required to open the account. Monthly access of inline banking and receipt of electronic statements and log-ons may be required to meet some of the account’s qualifications. Limit one Kasasa® checking account per prime member and per primary account. There are no recurring monthly service charges or fees to open or close this account. Contact a UCU representative for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa, Kasasa Cash Back are trademarks of BancVue, Ltd., registered in the U.S.A.
Achievement Account
For anyone age 60 or older, our achievement account is your membership account. Open with a minimum deposit of just $5 and you're ready to take advantage of the full range of our products and services.
- No monthly maintenance fees
- No membership fee
- Free money orders
- One free box of checks a year when you open a checking account
Monty Moose Accounts and the Monty Moose Program
For anyone age 12 or younger, our Monty Moose account is your membership account. Open with just a minimum deposit of $5. Parents can open an account for their child, separate from their own.
- No monthly maintenance fees
- No membership fee
- Monty Moose Certificates only require a $250 minimum deposit
Teaching the Importance of Saving
UCU promotes financial literacy and the importance of saving, and our Monty Moose program is a great way to start early! Every time a Monty Moose member visits a UCU branch and makes a deposit into their Monty Moose account (or their parent/guardian does so for them), they will receive one "UCU Buck". The Monty Moose member can cash in that UCU Buck for a small toy the day they receive it or save up their bucks for higher valued toys!* Everyone at UCU hopes our Monty Moose members enjoy this program and learn the fundamentals of saving!
*"UCU Bucks" have no cash value and gifts/toys may vary from branch to branch.
Money Market & Preferred Money Market
Earn higher interest on higher balances with our Money Market and tiered Money Market accounts. Enjoy competitive market rates on balances starting at just $5,000 for the Money Market and the tiered Preferred Money Market.
- No monthly maintenance fees
- No minimum balance for the Preferred Money Market
- Unlimited deposits
- Limit of 3 withdrawals per month, including transfers
Club Accounts
With a club account, you can put some of your funds aside to save for whatever you wish, or simply to organize your funds separate from your primary savings and checking.
- No monthly maintenance fees
Holiday Club Accounts
Holiday Clubs are designed to help you save for the holiday season by putting funds aside and then automatically transferring the balance to one of your designated accounts in October - just in time for the holiday season!
- Account balances will automatically transfer to one of your designated accounts in October upon request
- No monthly maintenance fees
Share Certificates
Share Certificates are a great way to save money at competitive rates and with flexible terms ranging from 6 to 60 months. Choose from one of our many standard term certificates, or see what new certificate specials we are offering!
- $500 minimum opening deposit or $250 for 17 years and younger
- Choice of 6 or 18 months or 1 to 5 year terms at any time
- Interest is compounded daily and paid monthly
- Penalty for early withdrawal
Learn more about Share Certificates here.
Individual Retirement Accounts
It's never too early to start saving for your retirement. We have several options for saving, from IRA certificates to Traditional, Roth and Coverdell IRAs.
- Tax-deferred or tax-free savings
- Tiered balance levels allow you to earn higher interest on higher balances
- No monthly maintenance fees and no commission
- Increased insurance through Excess Share Insurance
Health Savings Accounts
A Health Savings Account (HSA) offers you more flexibility and control over your healthcare costs because it empowers you to make your own health care decisions.
- Use pre-tax dollars to pay for future medical expenses
- You must have a high deductible health plan (HDHP) to qualify for HSA
- For 2023 the contribution is the lesser amount of the HDHP's deductible and $3,850 for individuals or $7,750 for families with a $1,000 catch up option
- We offer HSA accounts in tiered levels. You can earn higher dividends for higher balances!
- Up to $500
- $501 to $2,500
- $2,501 to $10,000
- $10,001 and above
Emergency Savings Account
If there is one thing that will help you sleep better at night, it's knowing that you have some money set aside for an emergency. Unfortunately, approximately 40% of Americans do not have an emergency fund established. Learn more about the benefits of an Emergency Savings Account.
UCU's Emergency Savings Account (ESA) rewards you for planning for the unexpected and will give you peace of mind knowing you are covered in case of an emergency.
- Funding only allowed through automatic transfers from direct deposits
- No minimum balance
- Tiered dividend rates - earn higher dividends on higher balances
- Up to $500
- $501 to $2,500
- $2,501 to $10,000
- $10,001 and above
Open your new ESA account online or call a UCU representative for more details.
Learn more about building emergency savings here.
