Personal
Savings
Accounts
Savings Made Simple
Whether you're saving for retirement, a vacation, holiday gifts, your next car, or just a rainy day, we've got you covered. Minnesota Valley has a Savings Account for every goal you have in life.
Find the savings account that fits you
Primary Share Savings (S1)
A simple deposit of $5 into this account makes you part-owner of MVFCU and eligible for all other credit union products or services. No, this is not a fee and in fact, if you were to close your accounts at MVFCU, you'd get the $5 back.
Money Market Account (S6)
Earn more interest when you save more! This account offers a tiered rate based upon the amount you have on deposit. See our current rates for the different tier pricing. You still have easy access to your money and retain the security of federal deposit insurance up to $250,000.
Health Savings Account (HSA)
A Health Savings Account (HSA) is an account that you can put money into to save for future medical expenses. There are certain advantages to putting money into these accounts, including favorable tax treatment.
Holiday Club Accounts (S3)
Plan ahead to avoid the financial pressure the holidays can bring. Deposit a set amount every pay day (maximum $300/month), and you'll have the money you need for gifts, travel, entertainment, etc. when that time of year rolls around. The money will be automatically deposited into your S1 on November 1st, every year. Withdrawals prior to maturity may be subject to penalty.
Vacation Savings Account (S14)
Looking for a way to save money for that special vacation? Invest in a high yielding vacation savings account. You can deposit up to $300 per month and the account balance will automatically be deposited into your S1 on June 1 every year. Withdrawals prior to maturity may be subject to penalty.
| SAVINGS PRODUCT | Minimum Opening Deposit | Other Terms | Dividend Rate | Dividends Compound | APY* |
|---|---|---|---|---|---|
| Share Savings (S1)*** | $5 | $5 to earn dividend | 0.30% | Quarterly | 0.30% |
| Special Savings (S2)*** | $0 | 0.30% | Quarterly | 0.30% | |
| Holiday Club (S3) | $0 | $300 monthly maximum deposit | 0.75% | Annually | 0.75% |
| Pays out annually November 1st | |||||
| Money Market Savings (S6) | $0-$999 | 0.30% | Monthly | 0.30% | |
| $1,000-$4,999 | 0.35% | 0.35% | |||
| $5,000-$9,999 | 0.70% | 0.70% | |||
| $10,000-$19,999 | 0.90% | 0.90% | |||
| $20,000-$39,999 | 1.10% | 1.10% | |||
| $40,000-$69,999 | 1.50% | 1.51% | |||
| $70,000-$99,999 | 2.00% | 2.02% | |||
| $100,000-$249,999 | 2.50% | 2.53% | |||
| $250,000 and above | 2.75% | 2.79% | |||
| Vacation Club (S14) | $0 | $300 monthly maximum deposit | 0.75% | Annually | 0.75% |
| Pays out annually June 1st | |||||
| Kids Club (S15, S18, S19) | $0-$5000.00 | 1.25% | Monthly | 1.26% | |
| Kids Club (S15, S18, S19) | $5000.01 and above | 0.30% | Monthly | 0.30% | |
| Health Savings Account (S16) | $10 Annual Fee Interest Bearing Checking Account | 0.75% | Monthly | 0.75% | |
| * = Annual Percentage Yield. Rate is effective as of 09/19/2024 Rates and terms are subject to change at any time based upon ALCO review and changing market conditions. Fees may reduce the earnings on these accounts. | |||||
| ** = Dividend paid at pay-out date, no dividend for early withdrawal. | |||||
| *** = Balances below the minimum balance will not earn interest. | |||||