Savings

Personal Savings is rated 4.7 out of 5 by 121.
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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 7/16/2018 6:38 AM

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 4 out of 5 by from Quick Loan Decision I got a PSECU account at 10am and had a loan check by 3pm. Super happy with the loan process, although really find it inconvenient that PSECU wouldn't give me my account number while I was standing in front of the with my Photo ID. Overall, it was a seamless process from start to finish.
Date published: 2018-01-29
Rated 5 out of 5 by from App makes it easy to complete application to join! I'd never completed a membership application over the internet before, but the service rep walked me through the steps and, almost before I knew It, I had completed all the paperwork online. Another FIRST!
Date published: 2018-01-29
Rated 5 out of 5 by from Great why to buy a car No hassle in purchasing. We knew ahead of time what we had to work with.
Date published: 2018-01-29
Rated 5 out of 5 by from Great vehicle loan process Had great people to work with regarding refinancing vehicle loans
Date published: 2018-01-29
Rated 2 out of 5 by from Need to join the 21st Century No ability to set up recurring transfers. Needed feature.
Date published: 2018-01-11
Rated 5 out of 5 by from Rates Great rates and service! Have a home equity loan with them
Date published: 2018-01-08
Rated 5 out of 5 by from Good service - now with Apple Pay PSECU provides a good service with friendly people. I initially resisted PSECU because they didn't have Apple pay. It's so nice to be able to talk into a supermarket and not have to fiddle with cards or cash. They were very helpful in setting up my account. The only (small) issue I had was the checks. The apartment number was above the address. Ah well, hopefully it'll be fixed for the next batch.
Date published: 2018-01-04
Rated 5 out of 5 by from The Future I love this credit union!!! They have always been able help me with my financial needs.
Date published: 2018-01-03
Rated 5 out of 5 by from Excellent Rates! Excellent online experience. Better loan rates than my current bank of 20 yrs...
Date published: 2017-12-30
Rated 5 out of 5 by from Love PSECU I have an easy time finding a MAC machine, there are branches all over and many credit unions I can use.
Date published: 2017-12-29
Rated 5 out of 5 by from # 1 psecu is absolutely the best, its nice to know that im taken care of.
Date published: 2017-12-28
Rated 5 out of 5 by from Very helpful Psecu gave me car loans with ease. They were always helpful to me. Psecu got me through a few rough years while trying to sell my moms home.
Date published: 2017-12-28
Rated 5 out of 5 by from Great Service! Great communication and information as I started up the company!
Date published: 2017-12-18
Rated 5 out of 5 by from Great Service I called for customer service and couldn't be happier. The person I spoke to was friendly, helpful, and patient. Perfect.
Date published: 2017-12-08
Rated 5 out of 5 by from Best apr Best bank I've ever dealt with lowest apr and best loan options
Date published: 2017-12-08
Rated 5 out of 5 by from Great bank A over average interest rates, user friendly app. What more can you ask for?
Date published: 2017-12-07
Rated 5 out of 5 by from Navnitlal Zaver Ease of opening account and great services, I personally don't have much experience at this time
Date published: 2017-12-06
Rated 3 out of 5 by from good service I started a savings account. I would prefer to be able to transfer money directly from my checking account at another bank into my credit union savings but it doesn't work that way.
Date published: 2017-12-06
Rated 5 out of 5 by from Solid product/excellent customer service! Became a member because a family member recommended PSECU. The process for joining was simple, as was the loan application process. Customer service walked us through every step of the way.
Date published: 2017-12-06
Rated 4 out of 5 by from Great Too early to give a satisfactory review. I will revisit and give you a review at a later date.
Date published: 2017-12-06
Rated 5 out of 5 by from Leavings Flexibility is Wonderful I love being able to have more than one savings account created at my discretion.
Date published: 2017-12-06
Rated 4 out of 5 by from Quick loan approval Auto loan was quickly approved. Only issue I had was that the car we were intending to purchase was classified as a “specialty vehicle” which required additional inquiries about the value of the vehicle. PSECU provides no list of specialty vehicles so we need3d to call them each time we looked at a vehicle to be sure that it qualified for the loan. Cumbersome process, but the rate is excellent and the service reps were good.
Date published: 2017-12-02
Rated 5 out of 5 by from great bank easy online banking great customer service easy to access bank accounts on move money
Date published: 2017-12-01
Rated 5 out of 5 by from Review Great customer service. Wonderful advice. Very professional and friendly
Date published: 2017-11-30
Rated 5 out of 5 by from Always a pleasure Auto loan fast and easy. PSECU Customer care always helpful.
Date published: 2017-11-29
Rated 5 out of 5 by from Easy banking New member and the different online style of banking couldn’t be easier! Very satisfied!
Date published: 2017-11-29
Rated 4 out of 5 by from Good product I cannot figure out my password :) but I like the,app
Date published: 2017-11-29
Rated 5 out of 5 by from Good interest rates Locally, PSECU has the best rates on savings, money markets and CDs.
Date published: 2017-11-08
Rated 5 out of 5 by from Thank you for our new accounts and for great rate! Getting approved for a low rate used car loan felt terrific. We will be moving all of business to PSECU. Well done ... Thank you.
Date published: 2017-11-02
Rated 5 out of 5 by from Great service Love the low balance transfer rate! It will save me a tone of money and was very easy to complete.
Date published: 2017-10-28
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