Savings
Becoming a member is just the beginning.
Your Financial Foundation Begins Here
Your journey starts with a solid savings account. You’ll open one to establish your membership, and from there, it becomes your stepping stone to great financial stability.
Start Small, Grow Strong
Save a little each paycheck and watch your balance grow. Perfect for tax returns, emergency savings, or extra cash after monthly expenses.
Establish Membership
Your membership savings is your key to accessing Seattle Credit Union Member benefits like our financial education resources and member only offers.
Build for Life's Big Moments
Open additional savings accounts for vacations, weddings, or holiday spending.
Tools to Make Saving Automatic
Our online banking provides automatic transfer options and our digital direct deposit tool, Pinwheel, to deposit partial or full paychecks directly into your account.
Account Features
Membership Savings Account Features:
- No minimum balance.
- No monthly service fee.
- No required minimum term.
- Only $5 is needed at account opening.
- Allows up to 6 withdrawals for free per month. Note qualifying transactions exceeding six may be subject to a fee.
Savings Account Rates
|
Feature |
Details |
|---|---|
|
Effective as of February 16th, 2026. APY* – Annual Percentage Yield. |
|
|
Feature Interest Rate/APY* |
Details 0.10% / 0.10% |
|
Feature Interest Compounded/Credited |
Details Quarterly |
|
Feature Minimum Opening Deposit |
Details $5.00 |
|
Feature Balance to Avoid Service Fee |
Details Not applicable |
|
Feature Balance to Earn Stated APY |
Details Not applicable |
|
Feature Limitations |
Details Transfer and withdrawal limitations apply |
|
Balance Range |
Interest Rate |
APY* Annual Percentage Yield |
Minimum Opening Deposit |
Minimum Balance to Avoid Fee |
|---|---|---|---|---|
|
Effective as of February 16th, 2026. Interest is compounded and credited monthly. Account transfer and withdrawal limitations apply. Daily balance is used to calculate interest. *APY – Annual Percentage Yield **New Money is defined as money that has not been on deposit at the credit union in the past 30 days when the account is opened. The Credit Union may adjust a deposit to the Membership Savings account if a new money requirement is not met within 30 days of account opening. |
||||
|
Balance Range $0 – $24,999.99 |
Interest Rate 0.00% |
APY* Annual Percentage Yield 0.00% |
Minimum Opening Deposit $1,000.00 initially and $25,000.00 New Money within 30 days** |
Minimum Balance to Avoid Fee $1,000.00 |
|
Balance Range $25,000 – $99,999.99 |
Interest Rate 3.00% |
APY* Annual Percentage Yield 3.04% |
Minimum Opening Deposit $1,000.00 initially and $25,000.00 New Money within 30 days** |
Minimum Balance to Avoid Fee $1,000.00 |
|
Balance Range $100,000 or greater |
Interest Rate 3.25% |
APY* Annual Percentage Yield 3.30% |
Minimum Opening Deposit $1,000.00 initially and $25,000.00 New Money within 30 days** |
Minimum Balance to Avoid Fee $1,000.00 |
|
Interest Rate/APY* |
Interest Compounded |
Interest Credited |
Minimum Opening Deposit |
|---|---|---|---|
|
Effective as of February 16th, 2026. *APY – Annual Percentage Yield |
|||
|
Interest Rate/APY* 0.10% / 0.10% |
Interest Compounded Quarterly |
Interest Credited Quarterly |
Minimum Opening Deposit None |
We Make Opening Your Account Fast
There are three easy ways to get started.
Make an appointment for your visit here.
FAQs
To keep your savings strong, federal regulations limit certain types of withdrawals from savings and money market accounts to six per month. This excludes withdrawals made:
- At a branch or ATM
- By mail or messenger
- By phone (when a check is mailed to your home)
- For payments to Seattle Credit Union loans (unlimited transfers allowed)
If you reach your withdrawal limit, additional transactions may be restricted or result in a fee.
You can join Seattle Credit Union if:
- You live, work, worship, or attend school in the State of Washington
- You are an immediate family member of a current Seattle Credit Union member
- You work for one of our community partners
If you meet ONE of the above qualifications, you can then establish membership by opening a Membership Savings with a minimum deposit of $5. This step officially makes you a member of the credit union.
You can open a savings account online or in-person at any of our convenient locations. You are welcome to stop by during business hours or use our appointment request scheduler to plan your visit. There are a few savings account options that are not available to open online, like IRA accounts, please visit one of our locations if an online account opening option isn’t listed.
These are the documents you’ll want to have handy:
- Government Issued ID, such as a Driver’s License, Passport, State or Military ID
- Social Security Number or Individual Identification Number (ITIN)
- Eligibility of Membership, if not confirmed with your Government Issued ID
- You are eligible if:
- You live, work, worship or attend school in the State of Washington.
- You are an immediate family member to a current Seattle Credit Union member.
- You work for one of our Community Partners.
- You are eligible if:
We will also request:
- Residential address
- Email address
- Date of Birth
If you aren’t already a Seattle Credit Union member, you’ll need to also open a savings account, with $5 in it, but this can be done at the same time you are open your checking account using the same information.
Please note: All of our new accounts go through a Financial History Review and online accounts also have a Digital Identity Screening. We review your provided information through a consumer disclosure report and digital identity. For best results opening an account online, please do not use a Virtual Private Network (VPN).
A Membership Savings account is a savings account to put your money in with the added benefit of it earning a small amount of interest, plus it establishes your membership at the credit union. Membership allows for you to have access to member benefits, services and accounts for those who qualify. The $5 you open this savings account with represents your share, one share per member, in Seattle Credit Union.
APY* – This stands for annual percentage yield. The APY* of an account tells you what effect compounding has on your initial investment. If you deposit $1,000 in an account that earns 5.0% compounded monthly, you’ll actually earn 5.12% or $51.20 instead of just $50 after a year passes. The APY* is a handy way to compare accounts for their true return on investment. It accounts for both your deposit(s) or principal amounts plus how interest is earned on the account type.
Not finding what you’re looking for? Contact us.
What Our Members Say
Joshua H.I love these people and the credit union itself. Been there several times over the last three years for several reasons. Always friendly. They have been able to help me in ways other banks or credit unions have not.