Build an Emergency Savings
Experts say you should have $2,500 in an emergency savings account.† Stash Savings helps you get there faster with 6.00% APY.**
Instantly crunch the numbers and determine how much you need to save each month to reach your goal on time.
Set-up recurring transfers into your savings account.
Round up your debit card purchases and save the difference.
Put part of your paycheck into savings, automatically.
Monitor your savings with balance alerts.
Open multiple account and name them to save for different goals.
See how much you have saved in WECU's 4-Star Rated App.
Interested in Health Savings Accounts (HSA) or Coverdell Education Savings Accounts (ESA)? Let’s chat!
Choose between a Traditional IRA or a Roth IRA. We offer both.
Get started with the credit union you trust. Open a First Step accounts for your child and they’ll earn 7.00% APY***
Money Market accounts are dividend-bearing accounts with the convenience of being able to make transactions.
†Sabat, J., & Gallagher, E. (2019). Rules of thumb in household savings decisions: Estimation using threshold regression. Social Science Research Network.
‡WECU Mobile is rated 4.8 in the Apple App Store and 4.6 in Google Play, as of April 2023.
**APY = Annual percentage yield. 6.00% APY on balances up to $2,500; balances over $2,500 will earn .01% APY on remaining balance. One Stash Savings account per member. Minimum opening deposit of $1 is required. Rates are subject to change. Fees could reduce earnings. APY is accurate as of October 18, 2023.
***APY = Annual percentage yield. An opening deposit of $1 or more is required. First Step Savings is available for ages 0-19 years with a parent/guardian joint signer. It earns 7.00% APY on balances up to $500. Regular savings rate applies to balances above $500. Dividend Period for balances above $500 is quarterly and dividends compound quarterly. No monthly fee or minimum balance. $1 to open. First Step Checking is available for ages 6-19 years with a parent/guardian joint signer. It earns 7.00% APY on balances up to $250. Remaining balance is non-dividend-bearing. $1 to open. No overdraft fees. No check writing. First Step Savings and Checking APY is accurate as of June 22, 2023
Whether you are just beginning your savings journey or a seasoned saver, at WECU, we understand the importance of saving money and achieving your goals. That’s why we make it easy to open a savings account online in as few as 3 minutes.
A savings account is a type of bank account where you can deposit money and earn dividends on that money. The dividend rate on savings accounts is typically lower than other types of accounts, but they are a great way to save money over time. The money in your savings account is easy to access and can be withdrawn at anytime.
To open a savings account, you will need to provide some basic information, such as your name, address, and social security number. You can start saving today by opening an account online in as few as 3 minutes or call our contact center to make an appointment to meet with a WECU team member at any of our Financial Centers.
A savings account is primarily designed for you to set aside and grow your money over time, usually earning more dividends over time. A checking account is typically used for frequent transactions providing greater flexibility in deposits, payments, and debit card transactions.
There are no monthly maintenance fees associated with a savings account at WECU.
Yes, you can have multiple savings accounts. Having multiple savings accounts can help you organize your money and save for different goals, such as an emergency fund, down payment on a house or a vacation.
Yes, you can withdraw money from your savings account at any time. However, Savings Certificates do carry a early withdrawal penalty if withdrawn before the end of the term.
Set up automatic transfers to your savings account through online banking.
You must be 16 to open a savings account without a qualified joint signer. If you are considering an account for a minor, check out our First Step Account options.
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