Savings
Introducing Cultivate High-Yield Savings
High-yield savings is now built in to Cultivate. Grow your nest egg quickly with our highest available dividends—5.00% APY—up to your first $1,000 saved. Then, earn 3.50% on balances up to $49,999, with no transaction limits or special requirements to qualify. And by maintaining a balance of $1,000, you’ll have two opportunities to bump your rate even further.
Focus on convenience, not fees
Cultivate, Vault, and Simple Savings all feature:
- Monthly dividends from the first dollar saved.
- Digital banking to check balances, deposit checks, transfer funds, and pay bills from any device, 24/7.
- eStatements for more security, less trash, and the ease of accessing all your statements in one place.
- Accounts insured for up to $250,000 by the NCUA.
Savings accounts for every financial stage
Cultivate High-Yield Savings
Build your nest egg along with strong savings habits.
- Pays exceptional rates from your first dollar saved.
- Perfect for savers who want high-yield savings without the hassle of switching accounts as balances grow.
- Limit one Cultivate or Vault account per member.
Vault Youth Savings
Grows with your child through age 17, encouraging learning and saving at every stage.
- Pays exceptional dividends on the first $1,000.
- Deposits earn entries into quarterly drawings for $250 cash.
- Optional access to debit card and digital banking at age 13, checking at age 16.
- Limit one Cultivate or Vault account per member.
Simple Savings
A straightforward account to set aside funds for a special purpose.
- Pays dividends from the first dollar saved.
- No account maintenance fee with a $100 minimum balance or another SELCO account.
- No limit on the number of Simple accounts.
Already have a nest egg? Explore other SELCO solutions to meet your long-term goals, like:
- A Money Market Account, ideal for balances over $1,000.
- A Health Savings Account for tax-advantaged medical savings.
- A traditional or Roth IRA for retirement savings.
- Personalized asset management services through SELCO Investment & Retirement Services.
Switch to SELCO (the easy way)
Ready to switch to SELCO from another institution? ClickSWITCH removes the hassle. Update your direct deposit, automatic payments, subscription account information in just a few steps.
More Savings Accounts
Certificate
Similar to CDs at banks, certificates are guaranteed to earn interest on your deposit. Not only are SELCO’s certificate rates among the best anywhere, we'll automatically boost your rate if it rises within 30 days.
Money Market Accounts
Put your money to work, earning higher returns than a traditional savings account—and you can access your money anytime.
Individual and Joint Savings
With SELCO's individual and joint savings accounts, you can focus on the savings and not the fees. All accounts are insured for up to $250,000, as well.
Business Savings
Whether you own a small business or operate a large enterprise, we offer flexible savings accounts to fit your changing needs.