Basic Savings Account
Our standard savings account, and the start of every membership at CFCU!
Basic Savings Account Details
Basic, not boring
Don’t let the name fool you—our Basic Savings is still so much more than a traditional savings account.
Account Details
- Only $5 to open
- All members receive a basic savings account with credit union membership
- $100 minimum to earn dividends
- Can be set up as overdraft protection for your CloseEnuff™ checking account
- Electronic Funds Transfers (EFT)
- $3 monthly fee, waived for any…
- Members who maintain $100 in this account
- Members under the age of 23
- Members with linked accounts that add to a household total of $7,500 or more
- Members who are a Member Rewards Club member with a minimum combined deposit/loan balance of $7,500+ (Excluding first mortgage and certificates)
Basic Savings Accounts
Date Updated Apr 2, 2025
Minimum to Open | Minimum to Earn Dividends | Dividend Rate | APY* |
|---|---|---|---|
Basic Savings |
|
|
|
$5 | $100 | 0.05% | 0.05% |
*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
10% APY?** Oh, yeah!
Start your savings off on a high note, or simply earn a little extra for the hard work you already put in. With 10% APY on the first $1,000 in your account, pretty much any reason is a good reason to open a High Yield Savings here at Community Financial. Whether you’re getting closer to your down payment or just planning a trip down south in the winter, we’re here to help!
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
Basic Savings Account FAQ
If you have any further questions, give our Care Center a call at (877) 937-2328 or stop by one of our branch locations!
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.