Savings Accounts

Savings accounts are a key component to your financial stability and well-being and an essential part of your VSECU membership experience. The Share Savings account is required to join VSECU and it establishes your one equal share as a member owner of the credit union. Your Share Savings account will act as your main savings account, where you can save money and reap the benefits of monthly dividends. To help keep your finances organized and enable you to save for special occasions or large annual or one-time payments, we offer Special Savings accounts with low minimum balance requirements.

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Share Savings

This powerful high yield savings account can boost your savings while eliminating the stress, worry, and time that it takes to find short-term savings alternatives like certificates and money market accounts. What can you expect from your Share Savings account?

The Share Savings account has a $25 minimum balance. The highest premium annual percentage yield is paid on the first dollar in your savings account up to $1,000, with dividends compounded and credited monthly. If you belong to a different financial institution, compare your current earnings to what you could be earning at VSECU and move your money!

FEATURES

MONTHLY DIVIDENDS

HIGH APY ON FIRST $1K

FREE AD&D INSURANCE

$25 MINIMUM BALANCE


Enter the dollar amount you have to deposit and see how much you could be earning with the VSECU Share Savings account:

Initializing your savings…

Your total return would be 0 earning a blended APY of 0.

Compare that to what other financial institutions are paying and you’ll see that VSECU truly is redefining banking!

Your total return would be 0 earning a blended APY of 0.

Compare that to what other financial institutions are paying and you’ll see that VSECU truly is redefining banking!




Special Savings Account

Once your membership is established with a Share Savings account, you may open Special Savings accounts. The Special Savings account is a secondary, optional savings account that lets you create a separate nest egg to save for big purchases, allocate funds for future expenses, or just organize your money. Special Savings accounts earn dividends on the same schedule as your Share Savings account and there are no fees or penalties for using them. Special Savings accounts are offered as a convenience to help you organize and manage your finances—you could use these accounts to save for items like tax payments, insurance bills or special events.

FEATURES

MONTHLY DIVIDENDS

ORGANIZE SAVINGS

UNLIMITED ACCOUNTS

5 minimum balance

$5 MINIMUM BALANCE


RATES

Rates Effective as of: 07/01/2015

Account Type APY Minimum Daily Balance to Earn APY
Share Savings: Premium Tier
$0.00 – $1,000.00
1.00% None
Share Savings: Base Tier
$1,000.01 – $10,000.00
1.00% to .19%1 None
Share Savings: Tier 3
$10,000.01 – $25,000.00
.19% to .14%1 None
Share Savings: Tier 4
$25,000.01 – $50,000.00
.14% None
Share Savings: Tier 5
$50,000.01 and over
.14% to .19%1 None
Special Savings: Base Tier
$0.00 – $1,000.00
.10% None
Special Savings: Base Tier
$1,000.01 – $10,000.00
.10% None
Special Savings: Tier 3
$10,000.01 – $25,000.00
.10% None
Special Savings: Tier 4
$25,000.01 – $50,000.00
.10% to .13%1 None
Special Savings: Tier 5
$50,000.01 and over
.13% to .19%1 None

1Annual Percentage Yield (APY) is blended and varies depending on the balance in the account. For disclosure purposes, we used a maximum balance up to $250,000. If you have a balance greater than $250,000 in the account, the APY for Tier 5 may be higher based on the balance in the account.

Rates/APYs listed for Special Savings accounts also apply to Fiduciary Savings accounts. Rates and yields may change after account opening. Fees could reduce earnings.




Open an Account Button


You can complete this online application to open a credit union savings, checking, or certificate of deposit account. You will have the option to fund the account via ACH debit or credit, and if you are an existing member you may do an ACH debit or credit or transfer from an existing account. If you are already a member and want to apply for a product online, it’s easier to apply once you’ve logged into our Online Banking system. That way we can save you time by pre-filling the application with the general information we already have on file for you.






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