Share Savings Account
VSECU has Redefined High Interest Savings
Visit WelcomeVermonters.com to see why our savings account is the one savings account every Vermonters should have!
With this one powerful savings account, we’ve eliminated the stress, worry and time that it takes to find other short term savings alternatives, like short term Certificates and Money Market Accounts, to squeeze the most out of your savings.
- The highest premium annual percentage yield is ALWAYS paid upfront on your savings on the first dollar in your account up to $1,000.
- Different rates are applied to different tiered amounts of savings for an overall blended APY.
- Free online access to accounts, e-Statements and account transfers.
- $25 minimum balance opens account.
- Dividends compounded and credited monthly.
- View Rate Sheet for more information.
The Share Savings account is required to join VSECU and it establishes your one equal share of being a member owner of the credit union. If you belong to a different financial institution compare your current earnings to what you could be earning at VSECU with this calculator. Then, move your money! Making the switch is easy with our Money Mover Switch Kit.
The Benefits of Opening a Share Savings Account
Our Share Savings account has several benefits for every member of our credit union. Open to everybody who lives or works in Vermont, our high yield savings account features include:
- Each individual must have their own Share Savings account to be a member. Although a joint owner on an account may conduct and authorize transactions, a joint owner is not considered a member owner.
- Eligible for $5,000 of no-cost AD&D insurance.
- In addition to our Share Savings account, Special Savings accounts can be opened with a $5.00 deposit. Useful to manage taxes, vacation spending, hobbies or any other disciplinary savings.
- Name and personalize your accounts through our online banking system.
Once your Share Savings savings account is open, we encourage you to meet with a Member Service Consultant to learn about the many advantages of being a member owner at VSECU.
Questions about our Deposit Products? Ask here:
| Account Type | APY | Minimum Daily Balance to Earn APY |
|---|---|---|
| Share Savings: Premium Tier $0 – $1,000 |
4.00% | None |
| Share Savings: Base Tier $1,000.01 – $10,000 |
4.00% to .49% | None |
| Share Savings: Tier 3 $10,000.01 – $25,000 |
.49% to .29% | None |
| Share Savings: Tier 4 $25,000.01 – $50,000 |
.29% to .27% | None |
| Share Savings: Tier 5 $50,000.01 and over |
.27% to .33% | None |
| Special Savings: Base Tier $0 – $1,000 |
.10% | None |
| Special Savings: Base Tier $1,000.01 – $10,000 |
.10% | None |
| Special Savings: Tier 3 $10,000.01 – $25,000 |
.10% to .13% | None |
| Special Savings: Tier 4 $25,000.01 – $50,000 |
.13% to .19% | None |
| Special Savings: Tier 5 $50,000.01 and over |
.19% to .30% | None |
| Annual Percentage Yield (APY) subject to change without notice. APY is blended and varies depending on the balance in the account. Accounts compounded and credited monthly. View Rate Sheet for more requirements. | ||
The One Savings Account for Every Vermonter
You can apply to open new or additional savings or checking accounts as well as certificates online. You will have the option to fund these accounts from your existing VSECU accounts, another financial institution, by mail or in person.
Quick Tip:
If you are already a member and want to apply for a product online, it’s easier to apply once you’ve logged into our Online Banking. That way we can save you time by pre-filling the application with most of the mundane information we already have on file for you.
