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Rainy Day Savings

Rainy Day SavingsPrepare for the unexpected.

Establishing an emergency savings account is always a good idea, no matter the state of the economy. An emergency fund that has at least 3 to 6 months worth of living expenses prepares you for the unexpected. Most often, this includes an unexpected loss of income or other unplanned expenses such as a major repair to a car or home, or even the need for surprise travel.

Start small if you have to, but start!
Whatever your financial situation, it’s always possible to save—even if just a little at a time. The key is to start small and keep the funds separate from other accounts. Yes, accumulating one month’s worth of expenses will take some time, let alone 3 to 6 months, but you’ll have a greater chance for success when you set your immediate goals to be small and manageable.

Get started by setting up automatic transfers from your checking account or have a portion of your paycheck direct deposited into your Rainy Day Savings account. Automatic deposits ensure you don't miss a month toward earning an increased rate.

When you make a deposit into your Rainy Day account of at least $25, every month for 12 months in a row, your rate will double, which increases your earning power and helps your fund grow even faster.

Open an account today.
You can open a Rainy Day Savings account online through
Online Banking. If you're not currently enrolled in Online Banking, sign up today.Or call Member Relations or visit a service center
near you.


Key benefits

  • Never worry about missing a deposit when you make automatic transfers or set up direct deposits
  • Highly competitive rate that doubles after the first 12 months
  • Funds easily accessed with up to two withdrawals per year
  • Flexible deposit allowance of $25 minimum/$500 maximum total per month
  • Initial deposit allowance of up to $1,000 to help you get off to a great start!