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High-Yield Savings Account

A place to prepare for tomorrow

Grow your money securely and access it at any time

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A high-yield savings account is a secure home for your savings to grow at tiered rates. Build an emergency fund or start saving each month toward your next big purchase.

 

Earn a higher rate each time your savings balance reaches a new tier

Tier 1
($0–$2,499)
Tier 2
($2,500–$24,999)
Tier 3
($25,000–$49,999)
Tier 4
($50,000–$199,999)
Tier 5
($200,000+)
1.30% APY 1.35% APY 1.50% APY 1.75% APY 2.00% APY
Tier 1
($0–$2,499)
1.30% APY
Tier 2
($2,500–$24,999)
1.35% APY
Tier 3
($25,000–$49,999)
1.50% APY
Tier 4
($50,000–$199,999)
1.75% APY
Tier 5
($200,000+)
2.00% APY

APY = Annual Percentage Yield. Rates are subject to change without prior notice. Effective date: 25 February 2024

 

High-yield savings account details

Included with a high-yield savings account  

Maintenance fee

Included with a high-yield savings account

$0.00

Rate

Included with a high-yield savings account

Up to 2.00% APY2

Unlimited deposits

Included with a high-yield savings account

Minimum balance requirement

Included with a high-yield savings account

$0.00

Excessive transaction fee1

Included with a high-yield savings account
  • First six transfers per month: No fee
  • Over six transfers per month: $5.00/transfer
  • Maximum fee for excessive transfers in a day: $15.00/day

Link a debit card

Included with a high-yield savings account

ATM access

Included with a high-yield savings account

Global

Visa® foreign transaction fee

Included with a high-yield savings account

1.00% for non-USD cash withdrawals and USD cash withdrawals outside the US

Manage in Digital Banking

Included with a high-yield savings account

Mobile & email account alerts (setup required)

Included with a high-yield savings account
  • Account transactions
  • Debit card purchases
  • Account balances

Insured by NCUA

Included with a high-yield savings account

Up to $250,000 per account holder

Joint account holders

Included with a high-yield savings account

Add up to one per account

Beneficiaries

Included with a high-yield savings account

Add up to five per account via Digital Banking

Member Loyalty Rewards

Included with a high-yield savings account

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Avoid excessive transaction fees

The transfers subject to the excessive transaction fee after the first six in a month are:

  • Debit card purchases
  • Online bill payments, except when making a UNFCU loan payment
  • Account to account transfers using Digital Banking
  • Wire and mobile money transfers using Digital Banking
  • Transfer requests made by phone

If you need an account with unlimited monthly transfers at no charge, use a checking account.

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Open a high-yield savings account

Enjoy monthly dividends on the way to your next savings milestone.

Top high-yield savings account FAQs

The dividend rate for the high-yield savings account is not fixed and may fluctuate over time. We review market rates each week to evaluate the overall interest rate environment. We also look at rates being offered by other financial institutions. These factors may lead to UNFCU changing the rate for its high-yield savings. If you are looking to lock in a dividend rate for a period of time, consider UNFCU's share certificates

The limit keeps down costs which allows us to offer higher dividends on savings accounts compared to checking accounts. If you need an account with unlimited monthly transfers at no charge, use a checking account.

No, ATM withdrawals are not subject to the excessive transaction fee.

If you do not have enough money in your checking account to cover a payment, Savings Overdraft can protect you. This service will automatically transfer money from your savings account to cover the payment from your checking account. It will even cover payments you had pre-scheduled for your UNFCU consumer loan and/or mortgage. You will be charged a fee each time money is transferred to cover an overdraft. 

To avoid this fee, increase the balance of your checking account to cover all your expenses for the month. You can also apply for a line of credit as another form of overdraft protection.

If you have both a savings and checking account, your debit card purchases will be linked to your checking account. 

Some ATMs will give you the option to choose whether to take the money from your checking or savings account. If the ATM does not allow you to choose, the money will be withdrawn from your checking account.

Resources to help you manage your account

Visit the Help Center
Savings & Spending Accounts

Compound savings calculator

Savings & Spending Accounts

View, add, or remove beneficiaries

Digital Banking Setup

Set up email or mobile account alerts

Savings & Spending Accounts

Remotely deposit US checks

Share certificates (term deposit accounts) turn your time into money

If you have money that you won’t need to access quickly, you can lock in a guaranteed rate over a fixed term.