4 Reasons to Save

4 Reasons to Open a Savings Account

See why a savings account is an important part of anyone’s financial plan.

A traditional savings account offer an opportunity to earn steady returns on deposits and carry less risk than other investments. Here are four reasons why you should have a savings account to help secure your financial future.

  1. They’re Safe: Preserving hard-earned money is a high priority for everyone. Your money deposited is federally insured up to $250,000 by The National Credit Union Administration (NCUA).
  2. You don’t need to do anything to make money off your principal: Once you have $100 or more in your account, you automatically start earning dividends.
  3. Easily link to other accounts: Connect your accounts to make it easy to move money around or to make automatic transfers to and from your other accounts.
  4. Easy to open with few limitations or restrictions: If you’re 18 years of age or older and meet the credit union’s eligibility, you can open a savings account with just a $5 deposit.