Individual and Joint Savings

Women listening to music and stretching before a run

Focus on savings, not fees

  • Earn monthly dividends on all balances. 
  • No minimum balance if you have another SELCO account. 
  • No withdrawal penalty. 
  • Accounts insured for up to $250,000 by the NCUA. 
Younger women accessing her savings account near ATM

Banking on your terms

  • Anytime account access from any device, 24/7. 
  • SELCO Visa® debit card with access to 30,000+ free ATMs nationwide. 
  • Virtual appointments by phone or video. 
Two men looking at joint banking account on iPad

Joint account holders welcome!

  • Accounts cost just $10 to open: $5 one-time membership fee, plus a $5 share in the credit union (refunded if you close your account). 
  • Include or add a joint account holder at no additional cost. 

Savings Rate Comparison Accurate as of Tuesday, May 21, 2024

Savings Rate and Fee Schedule
Dividend Rate Annual Percentage Yield Minimum Opening Balance Minimum Required Balance
Membership Savings / Simple Savings
$0 - $499.99 Dividend Rate0.10 % APY0.10 % Minimum Opening Balance$5 Minimum Required Balance$5
$500 - $2,499.99 Dividend Rate0.20 % APY0.20 % Minimum Opening Balance$5 Minimum Required Balance$5
$2,500 - $9,999.99 Dividend Rate0.35 % APY0.35 % Minimum Opening Balance$5 Minimum Required Balance$5
$10,000 + Dividend Rate0.55 % APY0.55 % Minimum Opening Balance$5 Minimum Required Balance$5
Cultivate Savings
$0 - $499.99 Dividend Rate4.88 % APY5.00 % Minimum Opening Balance$5 Minimum Required BalanceNone
$500 - $999.99 Dividend Rate2.96 % APY3.00 % Minimum Opening Balance$5 Minimum Required BalanceNone
$1,000 - $2,499.99 Dividend Rate0.20 % APY0.20 % Minimum Opening Balance$5 Minimum Required BalanceNone
$2,500 - $9,999.99 Dividend Rate0.35 % APY0.35 % Minimum Opening Balance$5 Minimum Required BalanceNone
$10,000 + Dividend Rate0.55 % APY0.55 % Minimum Opening Balance$5 Minimum Required BalanceNone
Vault Youth Savings
$0 - $499.99 Dividend Rate4.88 % APY5.00 % Minimum Opening Balance$5 Minimum Required Balance$5
$500 - $999.99 Dividend Rate2.96 % APY3.00 % Minimum Opening Balance$5 Minimum Required Balance$5
$1,000 - $2,499.99 Dividend Rate0.20 % APY0.20 % Minimum Opening Balance$5 Minimum Required Balance$5
$2,500 - $9,999.99 Dividend Rate0.35 % APY0.35 % Minimum Opening Balance$5 Minimum Required Balance$5
$10,000 + Dividend Rate0.55 % APY0.55 % Minimum Opening Balance$5 Minimum Required Balance$5
Money Market
$0-$999.99 Dividend Rate0.05 % APY0.05 % Minimum Opening Balance$1,000 Minimum Required BalanceNone
$1,000 + Dividend Rate1.54 % APY1.55 % Minimum Opening Balance$1,000 Minimum Required BalanceNone
Investor Plus
$0 - $9,999.99 Dividend Rate0.00 % APY0.00 % Minimum Opening Balance$10,000 Minimum Required Balance$10,000
$10,000 - $49,999.99 Dividend Rate1.19 % APY1.20 % Minimum Opening Balance$10,000 Minimum Required Balance$10,000
$50,000 - $249,999 Dividend Rate1.98 % APY2.00 % Minimum Opening Balance$10,000 Minimum Required Balance$10,000
$250,000 + Dividend Rate2.23 % APY2.25 % Minimum Opening Balance$10,000 Minimum Required Balance$10,000

Maintenance and activity fees may apply and could reduce earnings.

Resources

Little Girl Scratching Her Head While Holding Money

7 Savvy Ways to Spend Your Tax Refund

Paying off debt isn’t just about being responsible now, it’s about saving money in the immediate future. Learn how to spend, or save, your tax refund with these easy tips.

Two hands going through papers in a filing cabinet.

Organizing Your Household Finances

Learn how an organizing system for your financials can make all the difference. Whether it’s in a bulky metal filing cabinet or secure folders on your computer, the first thing to do is build a system.

Paper with

Wants vs. Needs: Finding the Perfect Balance

Whether you’re creating a new budget from scratch or reviewing previous months’ expenses, it’s helpful to consider if those expenses fall into the category of a want or a need.

Couple hiking near the ocean

5 Misconceptions About CDs

How do certificates of deposit work? Think of CDs (aka, share certificates) as the "set it and forget it" approach to savings.