Membership Savings
Membership Savings Account Features
Earn 0.10% APY1
24/7 Online Banking
$25 Opening Deposit
Perfect for Teens
How it Works
Earn 0.10% APY1 on a balance of $100 or more. Access your account at anytime to deposit funds or transfer to other accounts with Online Banking or the MyNCU Mobile App.
- Make unlimited deposits
- Up to three (3) withdrawals each statement cycle free of charge²
- A maintenance fee is incurred only if:
- the Membership Savings is your sole Neighborhood CU account and
- your balance drops below $500.
Minimum Opening Deposit
$25
Why Choose a Membership Savings Account
A Membership Savings is an account for the purpose of establishing your membership share into the credit union if you are between the ages of 13 and 17 or choose to decline a Prize Savings account. If you are looking for a secondary savings account, please see our Special Savings account.
All Neighborhood Credit Union savings accounts feature:
Teach Good Savings Habits Now
Start teaching your teen the good savings habits needed to be financially healthy with the Membership Savings account. With Membership Savings, your teen can begin their financial journey and become a member of the credit union or graduate your 12 year old from a Kid's Savings account!
Surcharge-Free ATMs
The MoneyPass and Allpoint ATM Networks allows our members the ability to withdraw cash at over 90,000 ATMs nationwide without a surcharge fee.
Refer Friends For Rewards
Whenever you refer friends who do not have a membership with us, you'll both be rewarded when they open a new checking account.
Send Money with Zelle®
Zelle is a fast, safe and easy way to send and request money. Funds are sent directly to an account, and all you need is the recipient's email or U.S. cell number.
Want to compare savings accounts side by side?
Click the "Compare Accounts" button to explore in-depth.
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| Account Type | Summary | Minimum Opening Deposit | APY* | Fees |
|---|---|---|---|---|
| High Yield Savings |
24/7 access to funds, no maintenance fees, access to funds with 3 free withdrawals per month
|
$10,000 | 3.00% on $10,000 or more | If minimum balance is not maintained. See Rates & Fees page for current fees. |
| Money Market |
Low minimum opening deposit, tiered interest rate, access to funds with 6 withdrawals per month
|
$1,000 |
$1,000-$9,999.99: 0.10%
$10,000 & up: 0.10%
|
If minimum balance is not maintained. See Rates & Fees page for current fees. |
| 60 Month Certificate of Deposit |
Low risk, interest rate compounded daily
|
$2,500 | 3.05% | Interest penalty may apply for early withdrawal |
| Christmas Club |
Withdrawals not allowed until funds are transferred into Prize Savings in early November
|
$100 | 0.10% | Early closure fee |
| Prize Savings |
Earn cash and prizes during weekly, monthly, and an annual grand prize drawing
|
$25 | 0.10% | If minimum balance is not maintained and no other loan or deposit relationship exists. See Rates & Fees page for current fees. |
| Individual Retirement Savings |
Save for retirement with a Traditional IRA or Roth IRA
|
$100 | 0.10% | None |
| Special Savings |
Use to separate your funds for special purposes. Login to Online Banking to open online
|
$25 | 0.10% | None |
| Kid's Savings |
For kids ages 0 through 12
|
$25 | 0.10% | None |
*APY = Annual Percentage Yield
3.95% APY* 17-Month CD
An online-only CD offer that allows additional deposits.
Frequently Asked Questions
Interest on the Regular Savings account is compounded monthly.
Yes, the Regular Savings account can be used as collateral on a loan.
Members are subject to a monthly service charge if the Membership Savings is your only Neighborhood CU account and your balance drops below $500. Please see the Rates & Fees page.
Members are not allowed to have two Share savings accounts, so you can have only one or the other. But if you are looking to open up secondary savings accounts for budgeting purposes or other savings goals, please check out our Special Savings account page.
1APY = Annual Percentage Yield. Fixed interest rate at 0.10% on a balance of $100 or more. Rate effective October 1, 2024 and is subject to change after account opening. $25 minimum deposit required to open account. If minimum balance drops below $100, the annual percentage rate earned will be 0.00%. Account subject to a Minimum Relationship Fee if Membership Savings is the member's sole account and the balance drops below $500.
2More than 3 withdrawals per month will incur a fee. Please see Rates & Fees page for details.
View the Truth-In-Savings Disclosure.