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®
Click here to open your account online today!
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 - 2.00% APY* on balances up to $100,000! 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
• 2.00% APY* on balances up to $100,000
• Balances over $100,000 earn 0.25% interest rate on the portion of balance over $100,000
• 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:
High Rewards
- Have at least 12 debit card purchases post and settle
- Be enrolled and receive e-statements
- Be enrolled and access digital banking
- Have at least 1 automatic payment (ACH) post and settle, such as: payroll direct deposit, bill pay, etc.
REALLY High Rewards
- Have at least 28 debit card purchases post and settle
- Be enrolled and receive e-statements
- Be enrolled and access digital banking
- Have at least 1 automatic payment (ACH) post and settle, such as: payroll direct deposit, bill pay, etc.
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 |
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 institution as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our institution. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.
"Monthly Qualification Cycle" means a period beginning one (1) day prior to the first banking day of the current statement cycle through one (1) day prior to the last banking day of the current statement cycle. Visit our website or speak to one of our branch service representatives for specific Monthly Qualification Cycle dates.
Reward Information: When Kasasa Cash - Multi Level account qualifications are met during a Monthly Qualification Cycle, you will receive:
- Kasasa Cash – High Rewards: average daily balances up to and including $15,000 in your Kasasa Saver account earn a dividend rate of 3.938% resulting in a non-compounding APY* of 4.01%; and average daily balances over $15,000 earn a dividend rate of 0.2497% on the portion of the average daily balance over $15,000, resulting in a non-compounding range from 4.01% to 0.74% APY* depending on the account's average daily balance.
or
- Kasasa Cash – REALLY High Rewards: average daily balances up to and including $15,000 in your Kasasa Saver account earn a dividend rate of 5.366% resulting in a non-compounding APY* of 5.50%; and average daily balances over $15,000 earn a dividend rate of 0.2497% on the portion of the average daily balance over $15,000, resulting in a non-compounding range from 5.50% to 0.93% APY* depending on the account's average daily balance.
and
- Kasasa Saver Rewards: average daily balances up to and including $100,000 in your Kasasa Saver account earn a dividend rate of 1.981% resulting in an APY of 2.00%; and average daily balances over $100,000 earn a dividend rate of 0.2497% on the portion of the average daily balance over $100,000, resulting in a range from 2.00% to 1.13% APY depending on the account's average daily balance.
You will also receive reimbursements up to the aggregate total of $25 for nationwide ATM withdrawal fees incurred within your Kasasa Cash - Multi-Level account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. NOTE: ATM fee reimbursements only apply to Kasasa Cash – Multi Level account transactions via ATM; Kasasa Saver ATM transaction fees are not reimbursed nor refunded.
When your Kasasa Cash – Multi Level account qualifications are not met during a Monthly Qualification Cycle, ATM withdrawal fees are not refunded and:
- Kasasa Cash – Multi Level: the entire average daily balance in your Kasasa Cash - Multi Level account earns a dividend rate of 0.05% resulting in a non-compounding annual percentage yield of 05% APY.
- Kasasa Saver: the entire average daily balance in your Kasasa Cash – Multi Level account earns a dividend rate of 0.05% resulting in an annual percentage yield of 05% APY.
* Dividends in Kasasa Cash – Multi Level do not compound because they are automatically transferred to the Kasasa Saver account within one day. Note: Automatic transfer may cause an overdraft to your Kasasa Cash account, if the account's balance is less than the transferred amount when transfer occurs.
Dividends and nationwide ATM withdrawal fee reimbursements will be credited to your Kasasa Cash – Multi Level account on the first business day of the following statement cycle. Dividends will be credited to your Kasasa Saver account on the first business day of the following statement cycle.
APY = Annual Percentage Yield. APY accurate as of August 1, 2023. APY calculations are based on an assumed balance of $115,000 in your Kasasa Cash – Multi Level account and an assumed balance of $200,000 in your Kasasa Saver account and an assumed statement cycle of thirty-one (31) days. Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. You will automatically qualify for the account's rewards during your account's first statement cycle. If the account is closed before rewards are credited, you will forfeit the rewards.
Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. No minimum deposit is required to open the Kasasa Cash – Multi – Level account. No minimum deposit is required to open the Kasasa Saver account. See UCU’s fee schedule for fees that may apply to this account. There are no recurring monthly maintenance charges or fees to open or close this account. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. If the account is closed, you will forfeit any rewards that have not been credited to your account. A Kasasa Cash - Multi Level account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. Contact one of our member service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Federally Insured by NCUA. Kasasa, Kasasa Cash – Multi Level and Kasasa Saver are trademarks of Kasasa, 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.
