Build a Better Tomorrow With Our Savings Accounts
Become a member to earn 5% APY on your first $500*Savings Accounts for All Stages of Life
At Service Credit Union, we offer a variety of savings account options tailored to fit every stage of your life. Whether you’re planning for your family’s future, serving in the military, or guiding your children toward financial responsibility, our accounts are designed to help you grow your funds securely and efficiently.
Primary Savings
Your Stepping Stone to Financial Growth
- Become a Member-Owner: Deposit at least $5 to start a savings account and become a member-owner of Service Credit Union.
- Attractive Dividends: Earn 5% APY on the first $500*.
- Accessibility: Easily access and transfer your funds anytime with our 24/7 online banking services and mobile app.
Military Savings
Serving Those Who Serve
- Special Rates: Deployed warriors may qualify for an annual percentage yield of 10% with a deposit of up to $10,000.**
- Flexibility: With no minimum balance requirements, it’s tailored for the dynamic lives of military personnel.
- Global Access: Manage your account from anywhere in the world with our secure online banking.
Youth Accounts
Save Smart at Every Age
- Start Early with Powerful Savings: Our Primary Savings account has a 5% APY on the first $500*, ideal for young savers beginning their financial journey.
- Debit Card Safety for Teens: Children 13 or over can open a free Everyday Checking account, complete with a debit card and safety controls through My Cards.
- Learn Financial Literacy: Participate in hands-on, real-world financial learning with our “Bite of Reality” events.
Why Do You Need a Savings Account?
- Emergency Fund: Savings accounts provide a financial safety net for unexpected expenses, helping to cover emergencies without disrupting your daily finances.
- Achieve Financial Goals: Whether it’s buying a home, funding education, or planning a vacation, savings accounts help you systematically save and reach your financial aspirations.
- Financial Security: Regular saving contributes to long-term financial security, ensuring you have funds for retirement, healthcare, and other life stages.
- Interest Earnings: Savings accounts offer the benefit of earning interest on your deposits, helping your money grow over time, which is especially valuable in long-term financial planning.
*Annual Percentage Yield (APY) is accurate as of the last dividend declaration date of 01/01/2024 and subject to change without notice. Dividends paid on daily balances of up to $500; variable APY of 5.00%. If actual daily balance exceeds $500, the remaining balance will receive variable APY of 5%-0.25%. Dividends are calculated based on the daily balance with the sum of the daily earnings credited on the last day of each month. A minimum deposit of $5 is required to open a Primary Savings Account. Must qualify for membership.
**Warriors deployed in combat zones may deposit up to $10,000 into a Service CU Deployed Warrior Savings Account which earns 10% APY (Annual Percentage Yield) up to $10,000.00. If actual daily balance exceeds $10,000, the remaining balance will receive variable APY of 10%-0.10%. Rates are variable and subject to change; accurate as of 01/01/2024. Service member must be serving in a combat zone as defined by Service CU; orders of deployment to a combat zone must be provided. Direct deposit of net pay is required into members Service CU account. No minimum balance is required to open the Deployed Warrior Savings Account; $5 deposit is required to open a Primary Savings Account. Monthly deposits into a Deployed Warriors Savings Account cannot exceed the amount of your monthly net military pay; however, deposits into the Deployed Warrior Savings Account may be direct deposit, an allotment, or a transfer of funds from a Service CU account. Withdrawals are not permitted from a Deployed Warrior Savings Account. If a withdrawal is made from the Deployed Warrior Savings Account before the redeployment date plus 120 days, the funds in the Deployed Warrior Savings Account will be transferred to the Primary Savings Account, and the Deployed Warrior Savings Account will be closed. The Deployed Warrior Savings Account will stop accruing 10% APY at the end of the month of return date per deployment orders plus 120 days. eCommunications is required.