Savings Accounts

Every PSECU membership starts with a dividend-earning savings account. Your choices grow from there. Our savings account is tailored to help you achieve your savings goals.

Personal Savings is rated 4.7 out of 5 by 126.

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“Setting up the accounts were easy, the customer service was phenomenal, and I have been very happy!”

– Member Less than 1 year

Dividends on Every Account

Online and Mobile Banking Access

No monthly fees

Choose your savings accounts

All PSECU members start with a Regular share account. Keep it simple with this online savings account or add more accounts based on your needs. All accounts earn dividends and are insured by NCUA¹.

Regular Savings Share

This account is the cornerstone of your PSECU membership and:

Gets you started enjoying PSECU member benefits
Is accessible online or through our mobile app anywhere in the world
Requires only a $5 minimum balance to maintain your membership
Gives you 24/7 access with a PSECU debit card
Can link to checking for free overdraft protection transfer service
Earns a competitive rate

Additional Savings Share

Set aside money for your specific savings goal with this account.

Keeps money separate from your other accounts
Can simplify your saving habit with automatic deposit
Requires no minimum balance

Money Market Savings Share

Earn more on your savings.

Offers higher dividends^²than our other share accounts
Requires no minimum balance
Allows withdrawals of $20 or more
Withdrawals, including overdraft transfers, available up to six times per month^³

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Putting money back in your pocket

We give you more money back through saving dividends, ATM rebates4, and cash back from our rewards credit card.

Banking with us gives you more money back

Online & Mobile Banking

Check your account balances, transfer funds, pay bills, and more with digital access.

Use our easy and convenient banking tools

Worldwide ATMs

Access your savings at nearly 30,000 surcharge-free ATMs through the CO-OP Network®, CU$® Alliance, and at many more locations.

Find an ATM location near you

Our mobile savings app makes savings fun

Create your own digital piggy bank on your smartphone or tablet. Choose your savings goal(s) and amount, then watch your money grow. You can also use the app to:

Automatically sweep change (money less than $1) from any of your other PSECU accounts into savings
Transfer money from checking to savings
Scratch a digital ticket to reveal an amount of money that is sent straight to your savings goal
Add names and emojis to your savings goals
Share your savings progress on your Facebook page

Download our savings app in the Apple App Store or Google Play Store. You must be enrolled in online banking and have a checking account to access the PSECU savings app.

Frequently Asked Questions

Do I need to be a PSECU member in order to open a savings account?

Yes. Because we are a member-owned credit union, you must be a member in order to have an account with us. However, joining is fast and easy.

To simplify things for you, a PSECU membership application is the same application to open a savings account. Learn more about the many ways to be a member.

I’m a current PSECU member. How do I open a new savings account?

It’s simple. Just log into your PSECU account and click "Add a Share" on your Balances page. You’ll be able to choose the savings account type you’d like to add.

How do I deposit money to my PSECU savings account?

You can deposit money to your savings account four different ways:

Deposit funds at an ATM that accept deposits. Search for an ATM near you.
Make a mobile deposit using your smartphone and our mobile app.
Set up Direct Deposit or Payroll Deposit so money is deposited automatically to your savings account. Get more information on Direct and Payroll Deposit.
Mail in your deposit to: PSECU P.O. Box 67012 Harrisburg, PA 17106-7012. Log into your account to request deposit slips.

How do I withdraw money from my PSECU savings account?

Your withdrawal options depend on the type of savings account you have.

Regular Share Savings:

Use your debit card or visit an ATM: Search for an ATM near you
Make a telephone transfer or use online banking or our mobile app to transfer savings to another PSECU account
Call us and ask us to send you a check
Request a wire transfer to an outside party

Additional Savings Share:

Make a telephone transfer or use online banking or our mobile app to transfer savings to another account
Call us and ask us to send you a check
Request a wire transfer

Money Market Savings Share (Up to six withdrawals or overdrafts allowed per month³):

Use your debit card or visit an ATM: Search for an ATM near you
Make a telephone transfer or use online banking or our mobile app to transfer savings to another account
Call us and ask us to send you a check
Request a wire transfer

What's Your Savings Goal?

See how much you need to save to turn your dream into reality. Learn more about meeting your savings goals.

Valid as of 08/24/2019 3:03 AM EDT
Description	APY*	Dividend
Reg / Vacation / Christmas / S5 / IRA	0.15%	0.15%
Checking	0.10%	0.10%
Money Market	0.20%	0.20%
Youth Savings Program	1.50%	1.49%

Rates and information are subject to change at any time. Fees could reduce earnings on the account(s). The disclosed dividend rates are variable and may change after the member opens the account(s). Regular shares require a minimum balance of $5 to open the account. Money Market accounts require a minimum of $500 to earn the advertised APY. Share accounts that qualify for youth savings rate will earn a higher APY on the first $500 in the account. Balances above the first $500 will accrue interest at the current Regular share rate.

Business Accounts: Business Regular shares require $500 to earn the advertised APY. Business Checking and Money Market accounts require a minimum of $2,500 to earn the advertised APY.

View Truth in Savings Account disclosure at psecu.com/privacy-policies-disclosures/.

*APY denotes Annual Percentage Yield

¹NCUA: National Credit Union Administration. Your savings federally insured to at least $250,000.

²Dividends (which you may call interest): Based on day of deposit to day of withdrawal. Dividends are calculated on actual daily balances. If your daily account balance falls below $500, you won’t earn dividends until your daily balance again reaches $500. Dividend rates are declared weekly, compounded daily, and paid monthly into Money Market Shares. Payment of dividends is based on the available current and undivided earnings of PSECU. The Annual Percentage Yield (APY) for a deposit of one year or less is based on the assumption that both the deposit and dividends remain on deposit for a full year. A withdrawal will reduce earnings. Regulations prohibit dividends in excess of PSECU’s available earnings.

³Money Market Transaction Limits: You can make a maximum of six (6) withdrawals or transfers per month from Money Market Savings to another PSECU account or to a third party. Up to three (3) of the six (6) transfers may be made by check, draft, debit card, electronic payment, or similar order to a third party. If you exceed these transfer limitations, we may have to close your account.

⁴If you use an out-of-network ATM and get charged, we'll rebate fees up to $20 per month with direct deposit, and up to $8 per month without.

Important: When using debit (point-of-sale) transactions with PSECU Visa debit card, you must have available funds in your checking account or your transaction will be declined. Overdraft Protection Transfer Service does not apply to debit transactions. Loan options are treated as cash advances and are subject to those rates and accrue interest immediately. If you did not choose an option when you set up your account, PSECU will automatically set up overdraft transfers from your Regular Shares.

Apple, the Apple logo, Apple Pay, iPhone, iPad, Apple Watch and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries.

Android, Google Pay, and the Android Logo are trademarks of Google Inc.

Note: PSECU does not provide International wire transfer service. A wire transfer is a non-refundable transaction.

Rated 2 out of 5 by Jay1977 from Poor Interest rates Have been a member of PSECU for over 25 years. While I love the customer service, the interest rates on SAVINGS is horrible. PSECU used to be the BEST interest rates around, far exceeding and banks. Now, I have to put my savings and CD's in big branch banks to get much better interest rates. This is unacceptable to us members that have been here forever when it served all us state employees. I get .50 interest from Embassy Bank...why can't a credit union top that when it did in the 1990's??? Makes no sense and is really sad. Maybe the new President will change this, since reading these reviews, I am not the only one that shares this disappointment. Otherwise PSECU is a good credit union, but I put my money where I can get a return,

Date published: 2019-04-09

Rated 5 out of 5 by ElizaNJ from Amazing options, great interest rates I am so happy I found this credit union. I’ve been banking with PSECU and over the years have gotten more and more of their products. I like all the product options and interest rates. I never been to any of the branches but speaking to the staff over the phone or using their app is fast and easy. Highly recommended to my friends and family.

Date published: 2019-04-04

Rated 5 out of 5 by Norm1315 from Love PSECU! I switched to PSECU about 3 or 4 years ago. I came from a big national bank and I wouldn't go back. I was worried that not having physical locations would be inconvenient, but I haven't had a problem since I've joined. I would absolutely recommend PSECU to anyone!

Date published: 2018-12-28

Rated 1 out of 5 by jackie271 from Poor rates I agree with many others on this forum about the low rates offered by our "credit union". My past inquiries about matching other institutions offers and generally being more flexible in order to keep loyal long term customers was met with the same "sorry" we can't help you reply. It seems that PSECU has gotten so big that they no longer care about loosing a few low $ accounts. The '.com' at the end of the web address really says it all.

Date published: 2018-11-26

Rated 2 out of 5 by JohnG from Great institution, but very poor interest rates PSECU used to have some of the best interest rates around on savings. I recently felt compelled though to start saving in a private bank's money market account and I now make over 3 times the interest while only having around a third of the savings that I have in my PSECU money market.account. I have inquired about this at the PSECU branch and was given no reason why. I told them I want to be loyal to PSECU because I do love the credit union, but it is getting harder and harder as far as savings go and I was pretty much told 'you have to do what you have to do'. I wish we could at least get an explanation as to why the interest paid on savings is now almost non existent.

Date published: 2018-11-09

Rated 2 out of 5 by ESUDad from Information sharing was lacking during sign-up The people who signed us up did not provide a copy of the form or information submitted. They did not share with us the information that would be required if/when we reached out to the credit union. They also neglected to inform us that there were no local branches in and around the college!

Date published: 2018-07-09

Rated 5 out of 5 by None no hi is from Great product This product is great because of convenience and security.

Date published: 2018-07-05

Rated 5 out of 5 by MoneyMitch from Great client services Everytime I call the representatives are fast and friendly!

Date published: 2018-07-04

Personal Savings Reviews - page 2