Savings

Infograph-Savings4

KECU enjoys helping each of our members achieve their individual financial goals. We offer a number of different savings accounts to help meet our members’ needs. We can help whether you’re starting your first savings account, saving for a vacation, planning for retirement, or preparing for those pesky, unpredictable events.

Savings Accounts

Traditional

This account serves as your primary KECU account and is required for membership. This account must be opened with a minimum of $5.00.

  • Earn dividends on the average daily balance
  • Dividends are paid quarterly to maximize your return
  • Withdrawals are limited to 6 per month
  • ATM cards are available for no surcharge withdrawals from any KECU or Alliance One ATM
  • Make deposit in person, by mail, ACH, EFT, direct deposit, or take advantage of payroll deduction
  • Shared Branch available to provide cash withdrawals

Open an Account!

Money Market Account

  • Earn higher dividends without locking up your money
  • Earn a higher rate than a regular KECU Share Account
  • Minimum $2,500 deposit required for individuals
  • Withdraw from the account up to 6 times per month with no penalty
  • Dividends are paid monthly to maximize your return
  • Make deposit in person, by mail, ACH, EFT, direct deposit, or take advantage of payroll deduction

Contact us for more information.

IRA

This account offers you a great way to save for retirement.

  • IRAs are available in the following terms:
    • 6, 12, 18, 24, 36, 48, and 60 months
  • Minimum $1,000 deposit required
  • Types of IRAs available:
    • Roth
    • Traditional
    • Educational

Savings Certificates

Maximize your return by locking in your funds for a specified time period.

  • Earn a higher rate than a regular KECU Share Account
  • Minimum $500 deposit required
  • All rates are fixed for a specific term
  • Share Certificate terms include:
    • 6 months, 12 months, 18 months, and 24 months

Learn more by visiting our Savings Rates page.

Payroll Deduction

A convenient and easy way to make a loan payment from your check before you receive it.  The money is automatically credited to your account(s) on payday.  Check with your payroll clerk today for more information.

Please visit our Transfer Funds page to learn more.

Savings Rates

Current Rates as of May 8, 2015
TERM
APR
APY
Regular Share/Savings
0.10%
0.10%
IRA Savings
0.10%
0.10%
Kids Club
0.10%
0.10%
Holiday Club
0.10%
0.10%
Vacation Club
0.10%
0.10%
*Fees may reduce earnings on account(s). Penalties are levied for any early withdrawals on certificate(s) and club account(s).

Savings Clubs

Kids Club

Open your Kids Club Account today and invest in the future of your child.  By teaching your children consistent savings habits at an early age, you’ll be giving them a gift that will pay them dividends for a lifetime. The Kids Club will teach your child the value of saving, and also address other issues they will face in their lives like fire safety, the environment, and saying, “no” to drugs.  KECU is committed to protecting and educating children and the Kids Club is an effective way to share some important messages. Click here to read our Childrens Online Privacy notice.

Contact us for more information.

Holiday Club

Open a holiday club account and save throughout the year so you won’t need to use credit cards or take out a loan to pay for holiday expenses.

  • Earns interest on the average daily balance
  • Funds are deposited into your primary KECU savings account in October
  • Make deposits in person, by mail, ACH, EFT, direct deposit, or take advantage of payroll deduction

Contact us for more information.

Vacation Club

Open a vacation club account and save throughout the year so you won’t have to use credit cards or need a loan to pay for that dream vacation.

  • Earns interest on the average daily balance
  • Funds are deposited into your primary KECU savings account in May
  • Make deposits in person, by mail, ACH, EFT, direct deposit, or take advantage of payroll deduction

Contact us for more information.

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