Person opening a savings account online

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. 

Person using computer to pay credit card balance

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 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:

SELCO Community Credit Union checking account debit card

Switch to SELCO (the easy way)

Ready to switch to SELCO from another institution? ClickSWITCH removes the hassleUpdate your direct deposit, automatic payments, subscription account information in just a few steps. 

More Savings Accounts

Woman and boy adding change to a jar


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.

Professional woman standing with her hands on desk

Money Market Accounts

Put your money to work, earning higher returns than a traditional savings account—and you can access your money anytime.

Woman stretches her legs

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.

Small business owner working on ipad

Business Savings

Whether you own a small business or operate a large enterprise, we offer flexible savings accounts to fit your changing needs.