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Savings

Do your long-term plans include buying a house, paying for college or enjoying retirement? Our savings services help you be ready when that future is here – or to cover an unexpected expense.

Regular Savings

Open an account with just $5 and earn competitive returns on balances of $100 or more. Add to the account easily with direct deposit or automatic transfers.

Earn dividends up to

1

(View Rates)

  • 1 Rate effective as of 11/14/2019. Annual percentage yield (APY) may change after account is opened. Fees may reduce earnings on your accounts. Dividend earnings are compounded quarterly and paid on accounts with $100 or more and there is no minimum balance to earn APY for members under age 23.
Benefits to help you

Free debit card, nationwide ATM access, online banking with eStatements, mobile banking app with mobile deposit, phone banking, and more

Money Market Savings

Get more for your money – with ready access to your funds. Our Premium account requires a minimum balance of $10,000, and our Premium Plus account requires $25,000. The more you save, the more you earn.

Attractive dividends up to

Up to 0.85% APY2 for Premium and 1.50% APY for Premium Plus

(View Rates)

  • 2 Rate effective as of 11/14/2019. Annual percentage yield (APY) may change after account is opened. Fees may reduce earnings on your accounts.
Manage your money

Checking transfers3, digital banking access and automatic overdraft protection on checking

  • 3 Transfers from a Premium Money Market or Premium Plus Money Market savings account to another account or to third parties by preauthorized, automatic, computer or telephone transfer are limited to six per month.

Savings Certificates

Open a certificate with $500 or more and watch your savings grow. Add deposits to select certificates.

Earn dividends up to

4

  • 4 Rate effective as of 11/14/2019. A penalty may be imposed for early withdrawals. Fees may reduce earnings on your account.
Choose your terms

6-60

Choose how long to save with terms from 6 to 60 months5

  • 5 If you desire an add-on feature for 6 month or 12 month certificates of $50,000 or more, to make additional deposits to the certificate during its term, please contact us for rates.

Individual Retirement Accounts (IRAs)

Two options help you grow retirement savings, starting with $10,000 or $25,000. IRAs can provide tax benefits, but speak to your tax advisor first.

Earn dividends up to

6

  • 6 Rate effective as of 11/14/2019. A penalty may be imposed for early withdrawals. Fees may reduce earnings on your account.
Grow your account

Payroll deduction and automatic transfers

Health Savings Accounts (HSAs)

Pay for future eligible medical expenses with pre-tax dollars. Open an account for just $5. Yearly contribution limits of $3,500 for eligible individuals and $7,000 for families7

  • 7 Pay for future eligible medical expenses with pre-tax dollars. Open an account for just $5. Yearly contribution limits of $3,500 for eligible individuals and $7,000 for families.
Earn dividends up to

8

  • 8 Rate effective as of 11/14/2019. Annual percentage yield(APY) may change after account is opened. Fees may reduce earnings on your accounts. Dividend earnings are compounded quarterly and paid on accounts with $100 or more and there is no minimum balance to earn APY for members under age 23.
Convenient features

Free debit card, monthly account statement – and your first order of checks is free! Annual service fee

Kids Savings Accounts

Help your kids save money for long-term goals – including college – with savings accounts starting as low as $5. Choose from Regular Savings, Money Market Savings or Savings Certificates.

Every dividend

0

No minimum to earn quarterly dividends 9

(View Rates)

  • 9 Rate effective as of 11/14/2019. Annual percentage yield (APY) may change after account is opened. Fees may reduce earnings on your accounts. Dividend earnings are compounded quarterly and paid on accounts with $100 or more and there is no minimum balance to earn APY for members under age 23.
Start saving early

Oversee your child’s access to their money; help birthday and holiday gift money grow

These great features come with every savings account:

Free debit card

Get a free debit card to make purchases and use at ATMs

Nationwide ATMs

Find ATMs at VACU locations or shared branches with credit unions nationwide

Change Jar

Round up every purchase to the nearest whole dollar, the “change” goes to savings.

Online access

Enjoy free online banking with bill pay & eStatements

Automatic transfer

Fund your Savings accounts through direct deposit or paycheck deduction

Mobile banking

Use our convenient mobile banking app10 with mobile deposit11

  • 10 While mobile banking is free from VACU, please be aware that your mobile service provider may charge you for data plan usage. Check your plan before you start using the service.
  • 11 For members 13 and older.

Phone banking

Enjoy free 24-hour QuikLine phone banking