Individual and Joint Savings
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.
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.
Joint account holders welcome!
- Your Membership Savings account requires just a $5 minimum balance, which is refunded if you decide to close your account.
- Include or add a joint account holder at no additional cost.
Savings Rate Comparison
Savings Rate and Fee Schedule| Dividend Rate | Annual Percentage Yield | Minimum Opening Balance | Minimum Required Balance | |
|---|---|---|---|---|
| Membership Savings / Simple Savings | ||||
| $0 - $499.99 | 0.10 % | 0.10 % | $5 | $5 |
| $500 - $2,499.99 | 0.20 % | 0.20 % | $5 | $5 |
| $2,500 - $9,999.99 | 0.30 % | 0.30 % | $5 | $5 |
| $10,000 + | 0.50 % | 0.50 % | $5 | $5 |
| Cultivate High-Yield Savings | ||||
| $0 - $999.99 | 5.00 % | 5.00 % | None | None |
| $1,000 - $49,999.99 | 3.10 % | 3.10 % | None | None |
| $50,000 + | 1.50 % | 1.50 % | None | None |
| Vault Youth Savings | ||||
| $0 - $499.99 | 5.00 % | 5.00 % | $5 | $5 |
| $500 - $999.99 | 3.00 % | 3.00 % | $5 | $5 |
| $1,000 - $2,499.99 | 0.20 % | 0.20 % | $5 | $5 |
| $2,500 - $9,999.99 | 0.30 % | 0.30 % | $5 | $5 |
| $10,000 + | 0.50 % | 0.50 % | $5 | $5 |
| Money Market | ||||
| $0-$999.99 | 0.05 % | 0.05 % | $1,000 | None |
| $1,000 + | 1.50 % | 1.50 % | $1,000 | None |
| Investor Plus | ||||
| $0 - $9,999.99 | 0.00 % | 0.00 % | $10,000 | $10,000 |
| $10,000 - $49,999.99 | 1.20 % | 1.20 % | $10,000 | $10,000 |
| $50,000 - $249,999 | 1.95 % | 1.95 % | $10,000 | $10,000 |
| $250,000 + | 2.20 % | 2.20 % | $10,000 | $10,000 |
Maintenance and activity fees may apply and could reduce earnings.
Resources
7 Savvy Ways to Spend Your Tax Refund
Put your tax refund to work with seven smart ideas, from paying down debt and saving to investing, improving your home, and giving to charity.
Organizing Your Household Finances
Whether it’s in a bulky metal filing cabinet or secure folders on your computer, an organizing system for your financials can make all the difference.
Wants vs. Needs: Finding the Perfect Balance
Find the right balance between wants and needs by learning how to prioritize spending, align choices with goals, and maintain financial flexibility.
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.