High-Yield Savings account
Higher rate. Big balance not required.
Grow your savings faster with our new High-Yield Savings account (HYSA)! Earn an incredible 5.00% APY on your first $1,000 of savings, and 1.00% APY on balances of $1,001 or more.
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Reach your savings goals faster — or grow your tax refund!
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No minimum deposit.
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No monthly fees.
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Deposit and withdraw funds as needed.
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NCUA insured.
Offering a higher rate for lower balances supports our commitment to helping every member reach their financial goals. The HYSA helps you supercharge your savings now while you tap into the power of compound returns, and it's a great account for young savers just getting started.
| For account balances of | Dividend rate | Annual Percentage Yield (APY*) |
|---|---|---|
| $0 - $1000 | 4.88 | 5.00% |
| $1001 and over | 1.00 | 1.00% |
| * Annual percentage yield and rate may change. Fees could reduce earnings. First-year earnings are based on a 12-month average. Limit of one account per member. APY effective 4/1/2025 and subject to change. **Your statement will display a single blended rate, which is a weighted average of the two rates applicable to the High-Yield Savings Account balance. | ||
Benefits of Basic Savings vs High-Yield Savings
| Benefits | Basic Savings | High-Yield Savings |
|---|---|---|
| Minimum balance | $5 | $0 |
| Minimum balance to earn dividends* | $100 | $0 |
| Dividend Rate | 0.15% | 5.00% (up to $1,000), 1.00% (over $1,000) |
| Annual Percentage Yield (APY) | 0.15% | 5.00% (up to $1,000), 1.00% (over $1,000) |
| NCUA Insured | Yes | Yes |
| * Minimum balance that must be maintained each day to earn dividends. | ||
High-Yield Savings account FAQs
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Q: Who is eligible to open an HYSA?
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A: The HYSA is available to both personal and non-personal/business memberships. There is no age requirement, making it a great option for younger savers, such as Scottie and TLT members.
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Q: Can I open multiple HYSAs to increase my limit on the 5% rate?
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A: No, each prime member is allowed to open only one HYSA.
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Q: Does the HYSA replace the current Money Market accounts?
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A: No, the HYSA does not replace our current Money Market accounts. It is a separate account type and counts toward Member Merits benefits.
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