Investor Accounts

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Investor Account

  • $10,000 min. deposit to open 
  • Tiered dividends 
  • Up to three withdrawals per month, penalty-free 
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Investor Account Plus

  • $75,000 min. deposit to open 
  • Highest tiered dividends 
  • Up to three withdrawals per month, penalty-free 
  • Access to SELCO Select Checking Account with beginning balance of $5,000. (Balances below $5,000 receive an $8 per month fee.) 

Savings Rate Comparison Accurate as of, Monday, May 23, 2022

Savings Rate and Fee Schedule
Dividend Rate Annual Percentage Yield Minimum Opening Balance Minimum Required Balance
Membership Savings Account/Simple Savings Account
$500 - $2,499.99 Dividend Rate0.05 % APY0.05 % Minimum Opening Balance$5 Minimum Required Balance$5
$2,500 - $9,999.99 Dividend Rate0.05 % APY0.05 % Minimum Opening Balance$5 Minimum Required Balance$5
$10,000 + Dividend Rate0.10 % APY0.10 % Minimum Opening Balance$5 Minimum Required Balance$5
Savings for children 12 and under
Youth Savings Dividend Rate0.10 % APY0.10 % Minimum Opening Balance$5 Minimum Required Balance$5
The Investor Account
$10,000 - $24,999.99 Dividend Rate0.15 % APY0.15 % Minimum Opening Balance$10,000 Minimum Required Balance$10,000
$25,000 - $49,999.99 Dividend Rate0.15 % APY0.15 % Minimum Opening Balance$10,000 Minimum Required Balance$10,000
$50,000 + Dividend Rate0.25 % APY0.25 % Minimum Opening Balance$10,000 Minimum Required Balance$10,000
Investor Account Plus & Select Checking
$75,000 - $99,999.99 Dividend Rate0.30 % APY0.30 % Minimum Opening Balance$75,000 Minimum Required Balance$10,000
$100,000 - $999,999.99 Dividend Rate0.35 % APY0.35 % Minimum Opening Balance$75,000 Minimum Required Balance$10,000
$1,000,000 + Dividend Rate0.35 % APY0.35 % Minimum Opening Balance$75,000 Minimum Required Balance$10,000
Money Market
$0-$999.99 Dividend Rate0.05 % APY0.05 % Minimum Opening Balance$1,000 Minimum Required BalanceNone
$1,000 + Dividend Rate0.15 % APY0.15 % Minimum Opening Balance$1,000 Minimum Required BalanceNone

Maintenance and activity fees may apply could reduce earnings.

Resources

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Time to Rethink Your Savings Strategy

Interest rates are slowly inching up, and the Federal Reserve has signaled that they will continue to rise incrementally. Now is an excellent time to begin rethinking your savings strategy.

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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.

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Conventional savings accounts offer the easiest access to funds but the lowest interest rates. Don't overlook certificate, money market, and health savings accounts as alternatives.

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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.

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