Savings
Introducing Cultivate Savings
SELCO’s new savings account is designed to build your nest egg quickly and simply. Earn the highest available dividends from your first dollar saved—5% APY (annual percentage yield) on your first $500, 3% APY on your next $500—with no transaction limits or special requirements to qualify.
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.
Savings accounts for every financial stage
Cultivate Savings
Build your nest egg along with strong savings habits.
- Pays exceptional dividends on the first $1,000.
- Ideal for new savers and anyone without a rainy-day fund.
- 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.
- Our Investor Plus Account for balances of $10,000 or more.
- 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. The longer the term, the higher the rate.
Money Market Accounts
Put your money to work, earning higher returns than a traditional savings account—and you can access your money anytime.
The Investor Plus Account
Save more, earn more. The higher your balance, the better your interest rate, and you can access your money when you need it.
Business Savings
Whether you own a small business or operate a large enterprise, we offer flexible savings accounts to fit your changing needs.