Savings & Certificate Accounts — Grow Your Future
Build lasting financial security with Servus Credit Union savings accounts, money market options, and competitive certificate rates. Daily compounding and NCUA insurance protect what you earn.
Build lasting financial security with Servus Credit Union savings accounts, money market options, and competitive certificate rates. Daily compounding and NCUA insurance protect what you earn.
Saving money is about more than setting cash aside — it is about choosing the right vehicle for each goal, understanding how compound earnings accelerate over time, and keeping your funds accessible when you need them while earning competitive returns when you do not. Servus Credit Union structures its savings lineup so members can match every financial objective with the right account.
Share Savings serves as your membership anchor at the credit union. With a $25 minimum deposit, this account establishes your ownership stake and grants access to every product and service Servus offers. The account earns a base dividend rate, posts earnings monthly, and carries no monthly service charges. Every member holds a share savings account — it is the cooperative foundation that distinguishes credit unions from for-profit banks.
High-Yield Savings steps up the earning potential significantly for members who maintain larger balances. The tiered rate structure means your effective yield improves as your balance grows, so the account rewards consistent saving behavior. Funds remain fully liquid — you can transfer money in and out through online banking at any time, and the account links seamlessly to your Servus checking for overdraft protection or quick transfers.
Money Market Accounts combine the higher earning power of a savings account with limited check-writing capability. These accounts suit members who want their emergency fund or near-term savings to work harder while retaining the ability to access funds without transferring to checking first. The tiered rates apply to balances starting at $2,500, and the account includes a complimentary box of money market checks annually.
Certificate Accounts (CDs) lock in a fixed rate for a set term, ranging from six months to five years. The longer the term, the higher the guaranteed rate, and you know exactly what your balance will be at maturity. Servus offers both traditional certificates with a fixed rate and bump-rate certificates that let you adjust upward once during the term if market rates rise. Early withdrawal penalties apply, scaled to the term length, but partial withdrawals are permitted in certain circumstances including medical emergencies. Certificates are an ideal home for money you will not need until a known future date — a down payment fund, a tuition payment scheduled two years out, or a planned home renovation.
IRA Savings & IRA Certificates bring tax advantages into the savings picture. Traditional IRA contributions may reduce your taxable income in the year you make them, while Roth IRA earnings grow tax-free and qualified withdrawals incur no tax at all. Both IRA structures can hold either a variable-rate savings account or a fixed-rate certificate, and the NCUA insurance coverage applies to retirement funds separately from your non-retirement deposits. A member service representative can help you understand contribution limits and eligibility based on your income and filing status.
| Account Type | Minimum to Open | Dividend Structure | Notable Features |
|---|---|---|---|
| Share Savings | $25 | Base rate, compounded daily | Membership foundation, no monthly fee, links to all other accounts |
| High-Yield Savings | $500 | Tiered (3 levels), compounded daily | Higher rates for larger balances, unlimited internal transfers |
| Money Market | $2,500 | Tiered (4 levels), compounded daily | Check-writing access, complimentary annual check order |
| 6-Month Certificate | $1,000 | Fixed, compounded daily | Short-term rate lock, penalty for early withdrawal |
| 1-Year Certificate | $1,000 | Fixed, compounded daily | Popular mid-term option, competitive fixed rate |
| 3-Year Certificate | $1,000 | Fixed, compounded daily | Higher guaranteed rate, bump-rate option available |
| 5-Year Certificate | $1,000 | Fixed, compounded daily | Highest guaranteed rate, bump-rate option available |
Dividends on every Servus savings account compound daily and post to your account monthly. Daily compounding means each day's earned dividends become part of the balance that earns dividends the next day — a cycle that steadily accelerates growth. The effect is modest over short periods but becomes substantial over years. A $10,000 deposit in a certificate earning 4.00% APY grows to about $12,167 over five years without adding a single additional dollar, and the difference between daily and annual compounding on that same deposit is measurable even at modest rates.
For members who automate their savings, the impact grows further. Setting up a recurring transfer of $200 per month from checking to high-yield savings adds $12,000 in principal over five years plus all the compounded dividends on both the original balance and each incremental deposit. The credit union's online banking platform lets you schedule recurring transfers on any frequency in minutes.
Running a restaurant in Atlanta means every dollar counts. I started moving my operating reserves into a Servus money market account two years ago and the dividends actually make a difference — not huge, but steady and reliable. Best part is I can write a check directly from it if an equipment repair comes up unexpectedly.
— Jerome Washington, Restaurant Owner, Atlanta GA
Servus provides a full ladder of savings products so members can match every goal with the right tool. The share savings account opens your membership with just $25 and earns a base dividend. The high-yield savings account uses three rate tiers — the more you save, the higher your effective yield climbs. Money market accounts add check-writing to the mix for members with balances above $2,500, and certificate accounts lock in fixed rates for terms ranging from six months to five years. IRA savings and IRA certificates layer tax advantages on top of the same competitive rates. Every account compounds daily and carries NCUA insurance through the National Credit Union Administration up to $250,000 per depositor.
Dividends on every Servus savings and certificate account compound daily — meaning each day, your balance earns a fraction of the annual rate, and that earned amount immediately begins earning its own dividends the next day. The full accumulated dividend posts to your account at the end of each month. Over a single year, daily compounding produces a slightly higher effective yield than monthly or quarterly compounding, but the real advantage becomes visible over multi-year periods. A five-year certificate earning 4.00% APY with daily compounding yields more than the same rate with annual compounding because each day's micro-earnings feed back into the growing principal immediately rather than waiting for a calendar milestone.
The share savings account requires a $25 deposit, which simultaneously opens your account and establishes your membership in the credit union. High-yield savings needs a $500 opening deposit to qualify for the tiered rate structure, though you can start with less and the rate adjusts automatically as your balance crosses each tier threshold. Money market accounts open with $2,500. Certificates have a uniform $1,000 minimum across all terms from six months to five years. IRA savings accounts follow the same minimums as their non-retirement counterparts. All of these thresholds are designed to be achievable — Servus CU intentionally keeps entry points lower than many national banks because serving members, not maximizing shareholder profit, drives the pricing decisions.
Yes, the credit union offers both Traditional and Roth IRA savings accounts as well as IRA certificate accounts with terms from one to five years. Traditional IRA contributions may be tax-deductible in the year you make them depending on your income and whether you have a workplace retirement plan, while Roth IRA contributions are made with after-tax dollars but grow tax-free and can be withdrawn tax-free in retirement if conditions are met. The IRA certificate locks in a guaranteed fixed rate for the full term, which some members prefer for the predictable growth in a retirement account where market volatility is unwelcome. Contribution limits follow IRS guidelines and adjust annually — a Servus representative can review the current year limits and your eligibility at no charge. IRA deposits receive separate NCUA insurance coverage from your non-retirement accounts.
Certificate accounts carry early withdrawal penalties scaled to the term length, which is standard across all federally insured institutions. For terms of 12 months or shorter, the penalty typically equals 90 days of dividends on the amount withdrawn. For terms longer than 12 months, the penalty increases to 180 days of dividends. Servus does offer partial withdrawals without penalty in specific hardship circumstances, including documented medical emergencies and certain disability situations — these are reviewed case by case. The bump-rate certificate option provides flexibility during rising-rate environments by allowing one rate increase during the term without closing and reopening the certificate, which avoids the penalty entirely. If you anticipate needing the funds before maturity, a high-yield savings or money market account may be a better fit since they carry no withdrawal restrictions whatsoever.
Open a high-yield savings account, money market, or certificate with Servus Credit Union and let daily compounding go to work for your financial future.
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