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Savings Account

A Short-Term Savings Account Is Just the Beginning
Open a Savings Account with UMCU and you’ll gain access to range of financial products and services that fit your needs. Build your future with UMCU.

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How Our Savings Account Works

Open a savings account with UMCU and become a valued member with access to all our products, services, and member perks. 

Join a thriving community and unlock endless possibilities—all it takes is $5 to get started! Open your UMCU account online, and we’ll cover the $5 deposit for you, giving you instant access to our game-changing products and financial services. 

  • No monthly fees
  • No minimum deposits
  • Interest earned on your deposited funds - credited monthly
  • Manage your money with digital tools
  • Financial counselors to assist in your financial savings goals
  • Create sub-savings accounts for your individualized goals;  vacation funds, house repairs, vehicle down payments, and more
  • Fee-Free Access to 30,000+ ATMs* nationwide within the CO-OP network

Savings Rates

Interest APY
Interest 0.05% APY 0.05%

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We Also Recommend

Money Market Savings Account

  • Tiered Interest Rates: Earn more as you save more, with higher interest rates at $5,000, $10,000, and $25,000.
  • Higher Returns: Enjoy better interest rates than a traditional Share Savings account.
  • Convenient Access: Manage your funds 24/7 through our Online Banking Portal and mobile app.
  • Minimum opening deposit: $500
  • Minimum monthly deposit: $500

Certificates

  • Flexible Terms: Select the timeframe that fits your goals.
  • Low Minimum Deposit: Start with just $500.
  • Access Interest Anytime: Withdraw monthly interest penalty-free*.
  • No-Risk Growth: Enjoy guaranteed returns without market volatility.

Common Questions

All members of UMCU are assigned a savings account because it holds your place at the credit union. You don't have to use it if you don't want to. All that it requires is the $5.00 minimum balance.

Everyone who opens an account with UMCU has a savings account. The $5.00 minimum deposit holds your place at the credit union.

You bet! Interest is deposited monthly and the more you save, the more you'll earn!

Sub-savings accounts are an excellent way to keep your savings goals organized! Think of the savings account as a box. Within that box, you have envelopes for different things: a vacation fund, a car payment, and groceries. The sub-accounts are the envelopes to your savings account! You can have up to 8 additional accounts AND you can customize their names! Like the main savings account, the sub-accounts have no minimum balance. Ask a team member to create your sub-account(s) today!

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Disclaimer

*Withdrawals and/or transfers to another account of yours or to a third party are limited to six (6) per calendar month in accordance with Regulation D requirements.

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At UMCU, we believe in supporting organizations and events that keep our communities strong. Every one of our team members is committed to making a difference every day.