Please stay alert for fraud during tax season: As a reminder, SELCO will never contact you requesting sensitive information, including your card number or login credentials.

Money Market Accounts

Women standing with hands on desk

Money Market Account

  • Maximize your returns with a balance of $1,000 or more. 
  • No penalty if your balance dips below $1,000 (some restrictions apply). 
  • No withdrawal penalty. 
  • Accounts insured for up to $250,000 by the NCUA. 
Man retired enjoying kayaking in free time

Investor Plus Account

  • $10,000 minimum deposit to open.
  • Tiered dividends provide higher returns as your balance grows.
  • Make up to three penalty-free withdrawals per month.

Savings Rate Comparison Accurate as of Tuesday, March 19, 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

What Does Value Mean When It Comes to Banking?

Value means something a little bit different to all of us. Ultimately, value comes down to a feeling—a feeling that you are getting more than you expected. See how SELCO works to make you feel valued.

Couple with their daughter in the kitchen.

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.

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.

A risk dial with an associated return meter.

Crypto May Be Hot, But These Investment Options Are Safer

More than 20 million Americans own some form of cryptocurrency. But what exactly is crypto? Learn how it works and some safer investment alternatives.