Savings
You work hard for your money, and your money should do the same for you.
Whether you're looking for the best interest rate or a way to build a systematic savings plan, we have great options for all your savings needs.
I want to…
Establish your membership with SCU Credit Union with an easy and flexible way to store your money.
Highlights
- Simple savings account that earns interest.
- $5.00 minimum to open your account and $5.00 minimum monthly balance to maintain.
Earn over 10x the national savings rate with automatic transfers from an SCU Checking Account. This account also helps build great savings habits and even greater interest.
Highlights
- High-yield savings account that puts more money in your pockets
- Automated transfers so you can set it and watch your money grow
- Requires SCU Checking account and an automated monthly transfer
For those with higher savings balances, this account is a great way to compound savings with competitive rates.
Highlights
- Deposit or withdraw funds at any time without a penalty
Lock in your savings into longer terms and get rewarded with a higher interest rate
Highlights
- Fixed interest rates
- Wide range of terms to choose from to fit your goals and needs
Build Your Savings Goals with SCU Holiday and Vacation Club Accounts
Highlights
- A Built-In Savings Routine
- Plan Now, Enjoy Later
Individual Retirement Accounts (IRAs)
Save up for retirement with one of our tax-advantaged IRA accounts
Traditional IRA
Savings aren't taxed until they are distributed
Roth IRA
Taxes on initial funding, tax-free distribution
Coverdell Education Savings Account (CESA)
Trust account that is used to pay for education expenses
Simplified Employee Pension (SEP)
Allows employees to contribute to Traditional IRAs set up by employers (includes self-employment)
Call us at 887-661-3300 or visit a branch to start the ira opening process
Savings calculator
As a credit union, we operate a little differently than a bank. You can still get the awesome savings accounts and loans you expect from a bank (and often with better rates too!), but with the added benefit of your money staying local. For example, when you put money into one of our savings accounts, that helps us fund someone in your town to buy their dream home for their new family. We also make a lot of donations to local organizations doing amazing things. We'd love for you to join the SCU community! <3
Your money is 100% safe. 100% insured.
SCU Credit Union is insured by both the National Credit Union Association (NCUA) and Massachusetts Shared Insured Corporation (MSIC). Your money is 100% insured regardless of the amount at SCU Credit Union. MSIC provides Excess Share and Deposit Insurance to all members of SCU Credit Union automatically. The coverage is a benefit of membership and comes at no direct cost to you. MSIC insures the portion of any legal, verifiable share or deposit account that exceeds NCUSIF coverage with no limit.
- Savings Calculators
- Savings Rates
- GreenPath Learning Lab +