Hero image

Savings Account

A short-term savings account is just the beginning. Open a Savings Account with UMCU and you'll gain access to range of financial products and services that fit your needs. Build your future with UMCU.

 View Rates Schedule an Appointment 

How Our Savings Account Works Feature Image

How Our Savings Account Works

Open a savings account with UMCU and become a valued member with access to all our products, services, and member perks. 

Join a thriving community and unlock endless possibilities, all it takes is $5 to get started! Open your UMCU account online, and we'll cover the $5 deposit for you, giving you instant access to our game-changing products and financial services. 

Open an Account 

  • No Monthly Fee
  • No Minimum Deposit
  • Earn Interest on Deposited Funds: Credited monthly
  • Financial CounselingLet us assist you in your financial savings goals
  • Sub-savings Accounts for Your Individualized Goals: Vacation funds, house repairs, vehicle down payments, and more
  • Nationwide Fee-free ATM Access*

Savings Rates

Interest APY Minimum Balance to Open
0.05% 0.05% $5
Interest
0.05%
APY
0.05%
Minimum Balance to Open
$5

We Also Recommend

Money Market Savings Account

Money Market Savings Account

  • Tiered Earned Interest on Deposited Funds
  • No Monthly Fee
  • $500 Minimum Deposit to Open
  • Sub-accounts for Your Individualized Goals
  • Nationwide Fee-Free ATM Access
  • Financial Counseling Available
Certificates of Deposit

Certificates of Deposit

  • Flexible Terms
  • No-Risk Growth
  • Access Earned Interest Anytime
  • $500 Minimum Deposit to Open
  • Financial Counseling Available

FAQs

All members of UMCU are assigned a Savings Account because it holds your place at the credit union. You don't have to use it if you don't wish — you just need to keep the $5.00 minimum balance. 

Everyone who opens an account with UMCU has a savings account. The $5.00 minimum deposit holds your place at the credit union.

You bet! Interest is deposited monthly and the more you save, the more you'll earn!

Sub-savings accounts are an excellent way to keep your savings goals organized!
Think of the main savings account as a box. Within that box, you have envelopes for different things: a vacation fund, a car payment, and groceries. The sub-accounts are the envelopes to your savings account! 

  • You can have up to 8 additional accounts

  • Contact us to customize their names

  • Sub-accounts have no minimum balance.


Ask a team member to create your sub-account(s) today.

Disclaimer

Withdrawals and/or transfers to another account of yours or to a third party are limited to six (6) per calendar month in accordance with Regulation D requirements.

*Free, unlimited access to more than 30,000 ATMs that are part of the CO-OP ATM network.

FestiFall
Playing Guitar

We Invest in the Communities We Serve

At UMCU, we believe in supporting organizations and events that keep our communities strong. Every one of our team members is committed to making a difference every day.