Savings Accounts
Simple Savings Account
A Simple Savings account is the perfect place to save for short-term needs such as an emergency fund, or an unplanned medical expense. A Savings Account establishes and maintains your membership; once you become a member you are always a member provided a minimum balance of $25 is maintained in your share savings account.
- $25 account minimum (this $25 represents your ownership in ECU Credit Union)
- Earn dividends on $500 or more
- Free online banking, and mobile app which allows you to deposit checks right from your cell phone
- Access to more than 5,000 Shared Branch locations
- Statements are issued quarterly for Savings Accounts: Sign up for e statements through Virtual Branch
- You can access your account 24 hours a day, 7 days a week through Virtual Branch, Mobile App and EZ Access
*See disclosures for additional information for Savings Accounts.
Youth Savings Account
The best time to start teaching your kids about money is at an early age. The more children understand about money, the better equipped they will be as adults to make wise financial decisions. ECU Credit Union's Youth account helps teach financial responsibility and gives more options as children grow and become more financially independent. Once they turn 18 years old, the account is transitioned to an "Adult" Savings.
There are two types of Youth Savings Accounts:
- Mature Minor Savings Account - A Mature Minor Savings account is a joint savings account opened by a parent with their teenage child. As the primary account holder, the child would have full access to the account — including the ability to deposit and withdrawal money. As joint account holder the Parent would have full access to the account. The account establishes an ECU membership for the child.
- Custodian Savings Account - A Custodian or UTMA (Uniform Transfer to Minors) account is a savings account opened by an adult for the benefit of a child. Children can make deposits but will not have access to withdrawal money. As the Custodian the adult is the account manager,
- Minimum to establish and maintain ECU membership: $25
- Minimum to earn dividends: $1.00
- Monthly Service Fee: $5.00 per month if daily balance falls below the $25.00
- Deposits are Federally insured up to $250,000 per individual depositor by NCUA
- Tiered Dividend Rates: Rate is determined by daily account balance, compounds daily, and paid quarterly. if account is closed before the quarterly posting of accrued dividends, no dividends will be paid, for current rate, see our current deposit rates.
Christmas Club Savings Account
This savings account can help you save up for the expensive holiday season. No monthly service charges. The balance gets transferred to your Savings account September 30th. Members can either make regular deposits or set up an auto transfer from another account or a direct deposit.
If you can deposit just $10 into your Christmas Club account each week beginning the first week of October through the end of September, you will have saved $520. Double your weekly deposit to $20 and you will have $1,040 saved for holiday expenses. An easy way to take some stress out of the holiday season.
- Minimum to open: $25
- Minimum to earn dividends: $0.01
- Monthly Service Fee: None
- Transaction limits: Distribution once a year in October, no withdrawal permitted from February 1 to September 30.
- Transaction Fees: $5.00 Per withdrawal from February 1 to September 30, see our fee schedule.
- Deposits are Federally insured up to $250,000 per individual depositor through NCUA
- Fixed Dividend Rate - compounds and pays quarterly. if account is closed before the quarterly posting of accrued dividends, no dividends will be paid, for current rate, see our current deposit rates.
Pet Care Club Account
Our Pet Care Club is designed to help members save for costly pet expenses, whether it be for a vet visit, medications, or grooming costs. You can either make regular deposits, auto transfer from another account or set up direct deposit. You can make regular deposits into the Pet Care Club and withdraw funds whenever needed for your pet expenses.
- Minimum to open: $25
- Minimum to earn dividends: $0.01
- Monthly Service Fee: None
- Deposits are Federally insured up to $250,000 per individual depositor through NCUA
- Fixed Dividend Rate - compounds and pays quarterly. if account is closed before the quarterly posting of accrued dividends, no dividends will be paid, for current rate, see our current deposit rates.
Vacation Club Account
Saving up for your vacation in advance and paying with money you already have is ideally the easiest and least expensive way to fund a trip. A vacation club can mean the difference between taking a vacation you can afford and taking one that puts you into debt later. You can plan your ideal vacation and feel good about paying for it. To make the savings easy, you can either make regular deposits or set up an auto transfer from another account or a direct deposit.
- Minimum to open: $25
- Minimum to earn dividends: $0.01
- Monthly Service Fee: None
- Deposits are Federally insured up to $250,000 per individual depositor through NCUA
- Fixed Dividend Rate - compounds and pays quarterly. if account is closed before the quarterly posting of accrued dividends, no dividends will be paid, for current rate, see our current deposit rates.
Regular Share Savings Rates
Youth Share Savings Rates
Christmas Club Account Rates
If account is closed prior to the posting of accrued dividends no dividends will be paid. Dividends are based on the Credit Union's earnings at the end of a dividend period. All rates are subject to change without notice.
Convenience at your fingertips!
Your ECU Visa® Platinum card can be used to purchase that special outfit, to take that well-earned vacation or to manage your everyday expenses, and you can earn ScoreCard® Reward points with every transaction. Whatever your needs are, our Visa Platinum card can help you achieve your financial goals.
- Low 2.99% APR* Introductory Rate
- Fixed Rate
- No Annual Fee
- No Cash Advance Fee
- Accepted anywhere with Visa logo
*Qualification is based on individual creditworthiness and our underwriting standards. Rates, terms and conditions are subject to change at any time without notice.
Membership
Our members are part owners and have a say in how the credit union is run. Stop by one of our offices or apply online and join ECU today.
Checking Accounts
We know everyone is different and that is why we are giving you options to select th e best fit for you. Open a checking account with benefits that protect you and goes beyond just banking.
