Money Market Accounts
Money Market Account
- Maximize your returns with a balance of $1,000 or more.
- No penalty if your balance dips below $1,000 (some restrictions apply).
- No withdrawal penalty.
- Accounts insured for up to $250,000 by the NCUA.
Investor Plus Account
- $10,000 minimum deposit to open.
- Tiered dividends provide higher returns as your balance grows.
- Make up to three penalty-free withdrawals per month.
Savings Rate Comparison
Savings Rate and Fee Schedule| Dividend Rate | Annual Percentage Yield | Minimum Opening Balance | Minimum Required Balance | |
|---|---|---|---|---|
| Membership Savings / Simple Savings | ||||
| $0 - $499.99 | 0.10 % | 0.10 % | $5 | $5 |
| $500 - $2,499.99 | 0.20 % | 0.20 % | $5 | $5 |
| $2,500 - $9,999.99 | 0.35 % | 0.35 % | $5 | $5 |
| $10,000 + | 0.55 % | 0.55 % | $5 | $5 |
| Cultivate Savings | ||||
| $0 - $499.99 | 4.88 % | 5.00 % | $5 | None |
| $500 - $999.99 | 2.96 % | 3.00 % | $5 | None |
| $1,000 - $2,499.99 | 0.20 % | 0.20 % | $5 | None |
| $2,500 - $9,999.99 | 0.35 % | 0.35 % | $5 | None |
| $10,000 + | 0.55 % | 0.55 % | $5 | None |
| Vault Youth Savings | ||||
| $0 - $499.99 | 4.88 % | 5.00 % | $5 | $5 |
| $500 - $999.99 | 2.96 % | 3.00 % | $5 | $5 |
| $1,000 - $2,499.99 | 0.20 % | 0.20 % | $5 | $5 |
| $2,500 - $9,999.99 | 0.35 % | 0.35 % | $5 | $5 |
| $10,000 + | 0.55 % | 0.55 % | $5 | $5 |
| Money Market | ||||
| $0-$999.99 | 0.05 % | 0.05 % | $1,000 | None |
| $1,000 + | 1.54 % | 1.55 % | $1,000 | None |
| Investor Plus | ||||
| $0 - $9,999.99 | 0.00 % | 0.00 % | $10,000 | $10,000 |
| $10,000 - $49,999.99 | 1.19 % | 1.20 % | $10,000 | $10,000 |
| $50,000 - $249,999 | 1.98 % | 2.00 % | $10,000 | $10,000 |
| $250,000 + | 2.23 % | 2.25 % | $10,000 | $10,000 |
Maintenance and activity fees may apply and could reduce earnings.
Resources
What Does Value Mean When It Comes to Banking?
Value means something a little bit different to all of us. Ultimately, value comes down to a feeling—a feeling that you are getting more than you expected. See how SELCO works to make you feel valued.
Time to Rethink Your Savings Strategy
Americans have been hesitant to make saving a high priority. Record-setting inflation and elevated prices of everyday items led to this thinking. However, savings products remain attractive and may help you rethink your savings strategy.
5 Misconceptions About CDs
How do certificates of deposit work? Think of CDs (aka, share certificates) as the "set it and forget it" approach to savings.
Crypto May Be Hot, But These Investment Options Are Safer
More than 20 million Americans own some form of cryptocurrency. But what exactly is crypto? Learn how it works and some safer investment alternatives.