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SCU Direct

bakers making loaves of bread
You work hard…your money should too.

SCU Direct can help make that happen.

To make bread rise, bakers add yeast to their dough. To make money grow, smart savers often boost their returns with high-yield savings accounts. With SCU Direct, earn up to 10 times* the national average savings rate while building strong financial habits.

open an scu direct account

*Based on the FDIC National Rates and Rate Caps for Savings deposit products

Reward yourself for being a smart saver

Reward yourself for being a smart saver

Earn up to 4.00% APY1

Unlimited withdrawals2

No monthly fees

Your money is 100% insured


mother and children outside in grass
How do I start earning with SCU Direct?

With as little as a $10 weekly or monthly transfer from an SCU checking account into SCU Direct, you can set it and forget and watch your money grow!

We can also help you change the transfer amount or frequency at any of our branch locations or by calling us. 

Savings in action!

To really put it in perspective, many savings accounts will offer 0.01% APY1 on their savings. With $1,000 in that account, you’re going to get just $0.10 in interest by the end of the year. That is 10 cents, a single dime! That same $1,000 in our SCU Direct account at 4.00% APY1 gets you a much higher interest than a lot of big banks.

man counting money at desk
Money Builder Bundle

Combine any of our checking accounts with SCU Direct Savings account and start building your savings! An automated savings plan that pays up to 4.00%APY1 combined with a checking account that offers debit card rewards.

learn more about SCU Direct   open SCU Direct account

Savings calculator

SCU Direct Savings | Frequently Asked Questions

  • Can I use SCU Direct Savings for short-term financial goals?

    Yes - the purpose of the SCU Direct account is to make it easier to start saving. Whether you're setting aside cash for a rainy day, planning your next vacation, or building your emergency fund. Start saving systematically and enjoy peace of mind as you build your financial future.  

  • What are the minimum and maximum contributions for SCU Direct Savings accounts?

    SCU Direct Savings allows you to set up automatic weekly or monthly transfers directly from your SCU Checking Account. Contributions can range between $10 to $1,000 weekly or monthly, giving you the flexibility to tailor your savings plan to your unique financial goals.

  • What is SCU Direct Savings?

    SCU Direct Savings is a high-yield savings account designed to make saving easy and automated. Bundling your SCU Direct Savings account with an SCU Checking account makes managing your finances seamless. Transfers to your SCU Direct Savings account are made directly from your SCU Checking account, allowing you to automate your savings effortlessly and keep all your financial activities in one place.

Table data for SCU Direct Savings Account
 Effective Date: 09-09-2025
Description1 Rate APY2 Minimum Balance3 Alert Me
Tier 1 3.93% 4.00% $10.00 - $9,999.99
Tier 2 2.96% 4.00% - 3.20% $10,000.00 - $49,999.99
Tier 3 1.00% 3.20% - 1.52% $50,000.00 - $249,999.99
Tier 4 0.05% 1.52% - 0.05% $250,000.00+
  • 1SCU Direct account offers a higher dividend rate to members who save systematically with a preauthorized weekly or monthly transfer from a SCU Checking Account. Unlimited withdrawals only when made in person. Online transfer available. Premium tiered variable dividend rate and APY. $10.00 minimum preauthorized transfer amount to open from your SCU Checking Account. $1,000 maximum opening deposit and preauthorized transfer amount from your SCU Checking Account. Changing your transfer amount or frequency to this account can be done at any of our branch locations or by calling the contact center at 781-784-7725 or toll free at 877-661-3300

    {SCU Direct Savings Account}↵
  • 2APY = Annual Percentage Yield. Rates are variable and may change after the account is opened at any time at SCU’s discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.↵
  • 3Minimum balance required to open and earn the stated Annual Percentage Yield. Other terms and conditions may apply.↵

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