Savings

Personal Savings is rated 4.8 out of 5 by 79.
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Manage your savings the way you want to with PSECU! Choose from a variety of Personal Savings Shares or a Money Market Share to find the right fit for your specific financial needs.

Benefits Include

  • Dividends earned on all balances.
  • No penalties for early withdrawal.
  • Deposits can be made at your convenience at anytime for any amount.
  • Funds can automatically be transferred from any available savings share with Overdraft Protection Transfer Service.
  • Ability to customize and structure your savings to put aside money for vacations, holidays and more!

With our Personal Savings Shares, you control the structure of your savings. Choose from several pre-established savings shares for an upcoming vacation or holiday. By separating and identifying your nest eggs, it becomes a built-in reminder of why you are saving! Or choose a federally insured Money Market Share to earn higher dividends. With a PSECU Money Market Share, you can earn interest on your savings with as little as $500 in your account - read on for details.

Types of Savings Accounts

To meet the needs of a range of different members, we offer several different types of savings shares, including:

Regular Savings Share (S1)

The backbone of your account with PSECU, your Regular Savings Share (S1) gets you started as a new member. To maintain your membership, PSECU requires a minimum $5 balance is maintained in your Regular Savings Share account.

Vacation Savings Share (S2)

Add a Vacation Savings Share to your membership (S2) to help you save for a special vacation or trip you've been dreaming about! While Vacation Savings Shares are similar to Regular Savings Shares, you cannot access these shares with a Debit Card.

Christmas Savings Share (S3)

Add a Christmas Savings Share to your membership (S3) to help you save for an upcoming holiday, special occasion - or that big gift you've wanted to give! It's easy to make it happen when you save in advance. While Christmas Savings Shares are similar to Regular Savings Shares, you cannot access these shares with a Debit Card.

Money Market Share (S7)

PSECU Money Market Shares allow you to earn higher dividends without limiting accessibility to your funds. These funds are federally insured by the National Credit Union Administration (NCUA) up to a total of $250,000 for all shares. This is the maximum amount allowed by law.

  • Minimum balance to open: $0
  • Minimum balance to earn APY: $500
  • Rate: Declared weekly
  • Dividends*: Day of deposit to day of withdrawal. Dividends are calculated on actual daily balances. If the daily balance falls below $500, no dividends are earned until the daily balance reaches $500. Dividends are compounded daily and paid monthly into Money Market Shares.
  • Withdrawal Restrictions: Minimum withdrawal by member request - $20. Money Market remains open until instructed in writing to close.
  • Fees: None
  • Transaction Limits: A maximum of six withdrawals or transfers per month are permitted from one share to another, to a prefix account or to a third party. No more than three of the six transfers may be made by check, draft, debit card or similar order to a third party. If the transfer limitations are exceeded, your account may be closed.
  • Overdraft Protection Transfer Service: Is available a maximum of six times per month.
  • Additional deposits: Can be made anytime. You can start or stop recurring payments or transfers at any time.

*The payment of dividends is based on the available current and undivided earnings of PSECU. The Annual Percentage Yield (APY) for a one year or less time deposit is based on the assumption that the dividends remain on deposit for a full year. A withdrawal will reduce earnings. Regulations prohibit dividends in excess of available earnings.

What Is a Savings Share?

A savings share is a basic account that establishes you as a member of PSECU. Compared to a conventional bank savings account, a share essentially gives you a small portion of ownership in our credit union. Once you set up a savings share, you are able to access all the great financial products we offer our members, if eligible - including competitive rates on loans and lines of credit, low-fee checking accounts and more.

With a PSECU savings share account, you can put aside and access money the same way you would with a conventional bank savings account. Add or take out funds at any time, while remaining confident that your money is held in a secure, stable place.

The S30 Savings Share is available to members using the PSECU Savings app. The app allows you to choose different ways to save toward a goal you select.

Why Join PSECU?

Setting up a savings share is one of the first steps to becoming a PSECU member. We like to think that we offer a different way of managing money, one that is fairer and more convenient for everyone who works with us. Compared to a conventional bank, a credit union such as PSECU offers:

  • Low fees and high yields. Unlike a conventional bank, at a credit union like PSECU members are the owners. Any earnings go toward funding programs like free checking, for example. See the chart below to check out current interest rates for our various savings products.
  • Affordable loans and lines of credit. Similarly, our lending products make it easy to get the money you need, whether it's for a home, school or any temporary need. In addition to low interest rates on both secured and unsecured loans, we offer a simple, straightforward online application process and easy-to-understand terms. Browse our website to start exploring your options.
  • Great member service and long-term relationships. PSECU takes banking back to the way it used to be. We work hard to provide excellent communication and member-focused service for all our members. We'll work with you through all of life's major milestones - get in touch to speak with a representative and learn how we can help you.

Get started with PSECU by opening a savings share or checking share today. Apply online for a personal or business account to begin the process.

Rates valid as of 1/19/2018 10:34 PM

DescriptionAPY*Dividend
Checking.10%.10%
Money Market.20%.20%
Reg / Vacation / Christmas / S5 / IRA.15%.15%
Youth Savings Program1.50%1.49%
*APY denotes Annual Percentage Yield

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 Share Accounts 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. View Truth in Savings Account disclosure at psecu.com/disclosures/.

Rated 5 out of 5 by from I love this credit union Im not going anywhere ...............................
Date published: 2017-09-29
Rated 4 out of 5 by from Love it! I don't have any photos or videos. But doing business with PSECU is the best banking I've ever done.
Date published: 2017-09-29
Rated 5 out of 5 by from Best bank app Love the same day deposit and fee reimbursements :)
Date published: 2017-09-29
Rated 5 out of 5 by from Friendly and helpful Very pleasant to talk with to help with any questions
Date published: 2017-09-29
Rated 5 out of 5 by from Great Because info is always properly sent and a reply always follows
Date published: 2017-09-29
Rated 5 out of 5 by from Best credit union out there! I can't say enough good things about Psecu. I recommend to all of my friends and family when they are looking to switch banks.
Date published: 2017-09-28
Rated 5 out of 5 by from Psecu review Easy to use conveinent. Simple process and right on campus
Date published: 2017-09-28
Rated 4 out of 5 by from Amazing Branch Great! Love it only been for less than a year no complaints
Date published: 2017-09-28
Rated 5 out of 5 by from Excellent Service This product is great because it’s easy to use and the customer service is superb.
Date published: 2017-09-28
Rated 5 out of 5 by from Easiest banking experience Therez nothing this bank cant do! The app is so convenient
Date published: 2017-09-10
Rated 4 out of 5 by from Way Better then the Last Bank Everything has been wonderful so far. My only complaint is everything is online. Even at 20 years old I would much rather sit down and talk about my finances with a real person not a piece of paper.
Date published: 2017-09-08
Rated 4 out of 5 by from Good I liked it, not, much to say. 21 Characters too short
Date published: 2017-09-08
Rated 5 out of 5 by from Great customer service Customer service is great and i love the account separation
Date published: 2017-09-08
Rated 5 out of 5 by from Always the best We always use PSECU for personal and auto loans. They have the best rates and I love that I can call and talk to a human within 5 mins. Great company!
Date published: 2017-09-08
Rated 5 out of 5 by from great customer service!!! The staff at PSECU went above and beyond to explain their programs and make sure all of my questions were answered.
Date published: 2017-09-08
Rated 5 out of 5 by from Great online service Even though I can't deposit at atms at home, I can upload checks w the app. Great interest rates
Date published: 2017-09-08
Rated 4 out of 5 by from Whatever! Higher interest on held money than bank. Generally lower interest rates on loans.
Date published: 2017-09-08
Rated 5 out of 5 by from Easy transfer! Easy to use the app for transfers between Mom and student. Now if you could just get him to spend less...
Date published: 2017-09-07
Rated 5 out of 5 by from Great services I love having so many of my financial accounts in one place; loans, credit cards, bank accounts, etc. Easy to use web site. Easy to transfer money between accounts, and so much more!
Date published: 2017-09-07
Rated 5 out of 5 by from Great availability This is great because your money is always safe and in your account on time
Date published: 2017-09-07
Rated 5 out of 5 by from Great Customer Service Highly recommend! Great customer service and easy to contact. Always help resolve any issues quickly and THEY notify me if there are discrepancies on my statement if my card gets stolen.
Date published: 2017-09-07
Rated 5 out of 5 by from Product and Service I have used PSECU for about 40 years and appreciate the product and service that goes along with it
Date published: 2017-09-07
Rated 5 out of 5 by from My go to financial service PSECU has always been there for me in my time of need. Thank you
Date published: 2017-09-05
Rated 5 out of 5 by from Great products I like the ease in which to set up accounts and make transfers when needed.
Date published: 2017-09-03
Rated 5 out of 5 by from Fantastic customer service The customer service was fantastic because they where on top of every problem. The service was prompt , professional,and courteous.
Date published: 2017-09-02
Rated 5 out of 5 by from Amazing product This credit union is the best credit union. Ever..
Date published: 2017-09-01
Rated 5 out of 5 by from Everyone so nice! I started out with a small used car loan and now in the process of switching my checking, savings, mortgage and cds to PSECU! Excellent customer service!
Date published: 2017-09-01
Rated 5 out of 5 by from Fantastic service Everything about PSECU makes me smile. Thanks for being so convenient and easy to manage.
Date published: 2017-09-01
Rated 4 out of 5 by from Good product The ease of access to receive help if needed to use.
Date published: 2017-09-01
Rated 5 out of 5 by from Great customer service I've been extremely happy with PSECU. Customer service has gone above and beyond to answer and questions.
Date published: 2017-09-01
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