Special Savings Account
Organize Your Finances with Special Savings
Once your membership is established with a Share savings account, you may open Special savings accounts for additional money management needs. These accounts earn dividends on the same schedule and at the same rate as your Share savings account and there are no fees or penalties for using them. Special savings accounts are offered as a convenience to help you organize your finances and save for special events or needs. Features of these short-term savings accounts include:
- $5 deposit to open.
- No minimum balance required to earn APY or avoid fees.
- Free online access to accounts, e-statements and account transfers.
- Unlimited number of Special Savings accounts can be opened.
- Ability to personalize and name accounts through online banking.
- Dividends compounded and credited monthly.
Simplify Money Management with Special Savings
VSECU’s special savings accounts are offered as a convenience to help you organize your finances and save for special events or needs. We find that many members may open multiple Special savings accounts as a disciplined way to meet future needs. After your savings account is opened, you can access your account online and rename it in a way that makes sense to you. Some examples of how members have used and named their accounts include:
- Property Tax Account
- My Wedding Account
- Saving for a Home
- Vacation Fund
- College Savings
By allowing you to organize your finances into short-term, goal-oriented savings accounts, VSECU helps you simplify how you manage your money. Log into our online banking to open a special savings account today.
Questions about our Deposit Products? Ask here:
| Account Type | APY | Minimum Daily Balance to Earn APY |
|---|---|---|
| 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 – $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. | ||
Organize and Simplify Your Savings
You can apply to open 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.
