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Rainy Day Savings

Prepare for the unexpected.

Establishing an emergency savings account is always a good idea—in any economic situation—but how much is enough? It’s recommended that a minimum of 3 to 6 months’ worth of living expenses is a good goal.

While an emergency fund would be helpful due to an unexpected loss of income, it can also help cover the cost of life’s other surprises such as a major repair to a car or home, or even unplanned travel.

Savings will take some time, but you’ll have a greater chance for success with small and manageable goals. Step one..get started!

You’ll benefit from a Rainy Day Savings account with:

  • Peace of mind from knowing you’re taking steps towards protecting yourself and your financial situation in the event of the unexpected
  • A hassle-free way to save with convenient, automatic transfers from your Credit Union Checking account, or any other account—even external institutions.

    • A Rainy Day Savings account also provides:

  • A reward for your saving efforts—your interest rate doubles after 12 consecutive months of depositing a minimum of $25 minimum or a maximum of $500 each month¹
  • No minimum balance requirement to open
  • Initial deposit allowance of up to $1,000 to jump start your savings
  • The convenience of receiving direct deposit into your account
  • Easy access to funds with up to 2 withdrawals each year.

    • To open a Rainy Day Savings account:

  • Login to Online Banking, click “Open An Account” from the navigation on the right, then select “Rainy Day Savings” from the drop down on the following page and follow the prompts to open and fund your new account.
  • Contact Member Relations at  800-388-7000
  • Visit your local Service Center.

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