High Yield Savings Account
10% APY* takes your savings to new heights!
Start small, dream BIG with 10% APY!
10% APY on your first $1,000 and a rate that’s great at any balance is a big deal—but that’s just how we do things. We go big for our members so that your savings can go even bigger! Whether you need a boost to get your savings started or just want to earn some extra on the side, the Community Financial High Yield Savings Account is all about getting a great rate for a speedy start, so that it turns into even more savings down the line.
High Yield Savings Benefits
Reach new heights
Our High Yield Savings has a lot to highlight, but we’ll keep it high-level.
Earn 10% APY
It’s easy to start strong when you earn 10% APY on the first $1,000. No rush—even when you pass the balance threshold, your first $1,000 still gets our great 10% APY rate!
No fees
Upkeep fees don’t exactly help to keep up the progress, and we’re not down with that–so we dropped them completely.
No minimums
With no minimums to earn dividends, anything you put in means progress. It’s a lot easier to get in the practice of saving when you can see it work right from the start!
Only $5 to open
$5 is all it takes to start your CFCU High Yield Savings Account. That’s not a cost to you, either! It goes right into your account, getting the growth going.
High Yield Savings Details
What’s your savings stack?
Boosting your savings couldn’t be easier with clear, simple benefits.
- No fees
- No minimum to earn dividends
- Boosted savings rate beyond your first $1,000
- Grow Your Change! Connect your CloseEnuff™ checking and boost your savings even more with round up savings every time you make a debit card purchase
- Federally Insured by the NCUA up to $250,000 with additional Excess Share Insurance up to $100,000
- Only $5 to open!
High Yield Savings
Date Updated Apr 2, 2025
Minimum to Open | Minimum to Earn Dividends | Dividend Rate | APY* |
|---|---|---|---|
High Yield Savings |
|
|
|
$5 | $0 | 9.57% | 10.00% on balances up to $1,000 |
|
| 0.10% | 0.10% on balances over $1,000 |
*APY = Annual Percentage Yield. APY may change before or after the account is opened. Fees may reduce earnings. Goal Setter Accounts require monthly auto deposits to earn dividends, subject to penalty for early withdrawal. Rates are subject to change at any time. Community Financial Credit Union membership is required. Community Financial Fee Schedule.
High Yield Savings
Start your savings journey today
Got five minutes and five bucks? You can start boosting your savings now!
Grow Your Change Savings
Grow Your Change Savings
Your Roadmap to Gains
High Yield Savings is only the beginning
A high balance in your High Yield Savings is just the start. When it’s time to take the next step in your savings journey, we’re here to keep your growing going.
The place for savers
Story
Max that cash: How to get the most from your High Yield Savings
A High Yield Savings account can help your money grow faster—especially if you know how to use it well. Here are five simple ways to make the most of every dollar and every percentage point!
Promotion
52-Week Savings Challenge
Save yourself the head-scratching and save $1,378 by automating your savings plan with the 52-Week Savings Challenge!
Guide
HSA vs. FSA
The complete guide to the difference between a health savings account (HSA) and a flex spending account (FSA).
Frequently asked questions
High Yield Savings Account FAQ
Learn more about our High Yield Savings Account here. Or call our Care Center at (877) 937-2328 for anything we didn’t cover!
Other ways to save
The place for savers
We’ve got something for just about any savings goal, whether that’s a speedy start with our High Yield Savings Account, steady growth with a long term, low-effort CD, or the flexibility to spend and save with a Money Market.
What We Do
Making Impossible Dreams come true on the daily.
Wherever you are on your financial journey, you Belong here.
*APY = Annual Percentage Yield. Rate offered may change at any time. The minimum balance to open the account is $5.00. The 10.00% APY is earned on balances of $.01 to $1,000.00. Balances of $1,000.01 and above earn an APY of 0.10%. Fees could reduce earnings. Federally insured by the NCUA.