Sign up for High Yield Plus Savings now and earn up to 7X the national average.*
Open in as few as 3 minutes.
Never pay a monthly maintenance fee on your High Yield account.
Use your money when you need it.
Set up automatic monthly deposits from your WECU checking account.
Insured up to $250,000 by the National Credit Union Administration (NCUA).
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A not-for-profit that works for you. Every year WECU donates over $400,000 to Washington charities, provides $98,000 to scholarships to students, and volunteers nearly 500 hours through our Team WECU program. It seems like new banks are popping up all the time, you can rest easy knowing that we’ve been supporting Washingtonians since 1936.
Whether you are just beginning your savings or a seasoned saver, at WECU, we understand the importance of saving money to achieve your goals. That’s why we make it easy to open a savings account online in as few as 3 minutes.
The journey to financial stability starts with education and smart choices. These resources are just the beginning of your money-saving adventure. Take the time to explore, learn, and implement the strategies that resonate with you, and watch your financial future unfold.
A savings account is a place to put money you don’t want to spend right away. Typically, money is put into the savings account by electronic direct deposit from your job, bringing a check into a WECU branch, or using Mobile Deposit Capture to deposit using a picture of the check from your phone.
Through Online Banking, the Contact Center, or visiting a branch, set up a transfer to automatically take a certain amount of money from your checking account and move it to your savings. Ideally, this occurs right after your paycheck comes in, but before you log in and look at your account.
Achieving financial independence and long-term success involves more than just good intentions—it requires setting realistic and measurable savings goals. SMART financial goals are goals that are Specific, Measurable, Achievable, Relevant, and Time-bound.
*The national average savings account interest rate is reported by the FDIC (as of April 10, 2026) as the average annual percentage yield (APY) for savings accounts.
‡WECU Mobile is rated 4.8 in the Apple App Store and 4.6 in Google Play, as of October 2025.
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How is a High Yield Plus Savings account different from a Regular Savings account?
High Yield Plus Savings is a tiered savings account designed to reward high depositors and loyal members. This account offers better dividend rates as your balance increases, providing you with an efficient way to grow your wealth over time.
How do dividends work for High Yield Plus Savings?
Dividends on this account are tiered, depending on your average monthly balance. The entire balance qualifies for the applicable rate tier, and dividends are compounded and paid monthly. This means that as your balance grows, so does your earning potential.
What does “unblended” mean for my rates?
Unlike some other accounts that offer blended rates, High Yield Plus Savings pays the entire account balance in the qualified rate tier. So, if your balance falls within a specific tier for the month, the entire balance earns that rate.
How do the “Plus” rates work?
You’ll get a significant bump in your dividend rates when you maintain an active Spend Plus Checking account. So, you get a better return on your High Yield Plus Savings even if you have less than $50k in it.
Does High Yield Plus Savings offer Member Rewards?
No, this account doesn’t offer any Member Rewards on balances. The focus here is on providing you with higher dividends for your higher balances and loyalty.
Are there any monthly fees or minimums?
No, the High Yield Plus Savings account does not have any minimum balance requirements or monthly maintenance fees. Your focus can purely be on growing your savings.
Can I access my money easily from the High Yield Plus account?
Yes, you can access your money from the High Yield Plus account, just like a regular savings account.
Who should open a High Yield Plus Savings account?
How do I open a High Yield Plus Savings?
To open a High Yield Plus account, you will need to provide some basic information, such as your name, address, and social security number, and proof of identification, such as a driver’s license or passport. You can start saving today by opening an account online in less than 3 minutes, calling our contact center, or making an appointment to meet with a WECU team member at any of our Financial Centers.