Rainy Day Savings™
Reward yourself with greater financial security and the Credit Union will reward you with an interest rate that doubles after the first year.
It’s not just about savings. It’s about taking control of your financial well-being with a tool created to help you do just that.
Save for a rainy day:
- Make an initial deposit of up to $1,000 to jump start your savings and a maximum of $500 per month thereafter.1
- See your interest rate increase from 1.25% APY to 2.50% APY after 12 consecutive months of depositing at least $25 per month (on balances up to $25,000).1 Get 0.25% APY on the remainder of the balance over $25,000.1
- Easily transfer funds from any account—even external institutions.
- Make up to 2 withdrawals each year without penalty.1
1 Rainy Day Savings is a tiered, interest-bearing account based on qualifying activity and balance. To qualify for the stated APY, a monthly deposit must be made of at least $25, not to exceed $500. During the first calendar month only, a member may deposit up to $1,000. Deposit amounts exceeding the monthly maximum deposit will be transferred to the member’s Regular Savings account. Balances for the first 12 consecutive qualifying calendar months; beyond the first 12 months, but less than $25,000; and above $25,000 will earn different rates as posted. For months in which the minimum deposit requirement is not fulfilled, the Regular Savings rate will be paid. Rates are subject to change without notice. Two withdrawals are allowed per calendar year. Each additional withdrawal will result in a $25 excessive withdrawal fee which will reduce earnings. Rainy Day Savings is available as a personal account only and limited to one account per member.