Credit Union Savings Accounts in Columbus, Cincinnati, & Dayton (2024)

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​​​​​​​​​​​​​​​​​¹For All Savings Accounts Listed: The Annual Percentage Yields (APY’s) shown are as of the last dividend declaration date of May 16, 2024. Please contact the Credit Unionat (800) 762-0047for current rate and account information. These accounts are variable rate accounts, and the APYs may change after the account is opened. Fees may reduce earnings. All stated minimum deposits to open are in addition to the purchase of one $5.00 membership share required to be maintained in your TrueSaver® account. The minimum deposit to open the TrueSaver is $5.00. The minimum deposit to open the Personal Capital Money Market Is $100.00; no dividends are paid on balances under $100.00. There is no minimum deposit to open the Secondary Share, EasySaver® Share, or Club Account. For additional account information, please see the Truth-In-Savings disclosure​.
​ ​ TrueSaver®​: The dividend rates and Annual Percentage Yields (APYs) shown are accurate as of the declaration date ofMay 16, 2024. The TrueSaver Account is a variable rate account, and the dividend rates and APYs may change after the account is opened. Fees may reduce earnings. For TrueSaver accounts, the minimum deposit to open the account is the purchase of one $5.00 membership share in the Credit Union and is required to remain in your TrueSaver account. To earn the higher rate on your first $1,000.00 in your TrueSaver®, the following qualifications must be met: (1) The Primary member must provide the Credit Union with a Social Security Number or Tax Identification Number. (2) Primary members with more than one qualifying TrueSaver account will receive the TrueSaver rates specified in the Current Dividend Rates sheet for the qualifying account with the oldest open date. (3) The primary member must be a Member in Good Standing at the time dividends are paid to the account. A Member in Good Standing is any member of the Credit Union who meets all the following: (a) The member currently has at least $5.00 on deposit in his/her TrueSaver account, and (b) The member is not delinquent on any loan obligation to the Credit Union, and (c) The member does not have a negative balance in any share account he/she owns with the Credit Union, and (d) The member has not previously caused the Credit Union a financial loss of any kind. (4) The account must have an active checking account. An active checking account is defined as an account that has a minimum of four (4) "qualifying transactions” per dividend period, in any combination. Qualifying transactions are: (a) Bill Pay Transactions, (b) ACH deposits and withdrawals, (c) Debit Card transactions, (d) Point of Sale transactions, or (e) Cleared checks. (5) The account must have at least one (1) direct deposit transaction within a 45-day period OR be set up to receive eStatements. Accounts where the primary member is 17 years of age or younger must only meet qualifications 1-3 above. The first dividend rate and APY shown on the Current Dividend Rates sheet for “Qualifying Balance” will be paid only on the portion of your average daily balance that was greater than $0.00 but less than $1,000.01. The second dividend rate and APY shown on the Current Dividend Rates sheet for “Qualifying Balance” will be paid only on the portion of your average daily balance that was greater than $1,000.00. If you do not meet the rate qualifications outlined above, the dividend rate and APY shown for “Non-Qualifying Balance” will apply.​​​
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​​*Wright-Patt Credit Union membership and Qualifying Save to Win Account required. Participating Member will be eligible for one (1) entry for each $25 increase in the monthly balance of the Qualifying Account calculated on the last calendar day of the month. Eligible entries cannot exceed 100 entries for the monthly Prize Drawing, 300 entries for each quarterly Prize Drawing and 1,200 entries for each annual Prize Drawing, per Participating Member. Odds of winning are based on the number of eligible entries received. Except for making the required deposits taking any other action, or purchasing any goods or services, will not increase the odds of winning. Eligibility restrictions apply. See Official Rules​ for more details.


**The minimum deposit to open a Save to Win account is in addition to the purchase of one $5.00 membership share required to be maintained in your TrueSaver® account. There is no minimum balance required to open a Save to Win account. The minimum deposit to open a TrueSaver® account is $5.00. Dividends are not paid on the Save to Win account. For additional account information, please see the Save to Win Truth-In-Savings disclosure​.A Member in Good Standing is any member of the Credit Union who meets all the following: (a) The member currently has at least $5.00 on deposit in their TrueSaver account, and (b) The member is not delinquent on any loan obligation to the Credit Union, and (c) The member does not have a negative balance in any share account they own with the Credit Union, and (d) The member has not previously caused the Credit Union a financial loss of any kind.​



​​​​​​​​​​​​​​​​​​​​​²​For All Share Certificates and IRA’s: ​The Annual Percentage Yields (APY’s) shown are accurate as of the last declaration date of May 16, 2024. The applicable APY is paid on the entire balance of your account, except for the Variable Rate Add-On IRA, these accounts are variable rate accounts and the APY may change after the account is opened. A penalty may be imposed for early withdrawal. All stated minimum deposits to open are in addition to the purchase of one $5.00 membership share required to be maintained in your TrueSaver®​ or Business Share account. For additional account information, please see the Truth-in-Savings disclosure.​​

​​ATMs may be subject​ to surcharges and/or Member Choice fees. For ATM fee information, view our General Fee Schedule.​

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All loan applic​ations are subject to credit review and approval.​​​

***In accordance with regulatory requirements, borrowers under the age of 21 applying for a credit card must either show proof of “ability to pay” or have a qualified cosigner who is 21 years of age or older. All credit applications are subject to credit review and approval.

​​​​​​​*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered brokerdealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Wright-Patt Cr​edit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Before deciding to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to; investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
CUSO Financial Services, L.P. (CFS) does not provide tax or legal advice. For such guidance, please consult your tax and/or legal advisor.
All information provided through this site is intended to be accurate. However, there may be inaccuracies at times, which will make all commercially reasonable efforts to correct when found. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circ*mstances with a qualified professional.

​Click here​ to view the full Referral Disclosure.

Check the background of your financial professional on FINRA's BrokerCheck.

​​


Credit Union Savings Accounts in Columbus, Cincinnati, & Dayton (2024)

FAQs

Is it better to open a savings account at a credit union? ›

Lower fees: Because credit unions are not-for-profit, they typically charge lower fees than banks. Higher savings rates: On average, you'll find better interest rates at credit unions than banks, though some high-yield accounts at banks rank at the top of the industry.

What is the main downside to opening an account at a credit union? ›

Credit unions tend to have fewer branches than traditional banks. A credit union may not be close to where you live or work, which could be a problem unless your credit union is part of a shared branch network and/or a large ATM network such as Allpoint or MoneyPass. May offer fewer products and services.

Is your money safe in a bank or credit union how so? ›

Just like banks, credit unions are federally insured; however, credit unions are not insured by the Federal Deposit Insurance Corporation (FDIC). Instead, the National Credit Union Administration (NCUA) is the federal insurer of credit unions, making them just as safe as traditional banks.

Should I move my savings to a credit union? ›

What Are the Major Advantages of Credit Unions? Credit unions typically offer lower closing costs for home mortgage loans, and lower rates for lending, particularly with credit card and auto loan interest rates. They also have generally lower fees and higher savings rates for CDs and money market accounts.

Who is the best credit union to join? ›

Choosing the best credit union: Where to begin
Brand nameBest forAPY*
AlliantOverallUp to 3.10%
PenFedRewards credit cardUp to 3%
First Tech Federal Credit UnionLow-interest credit cardUp to 5%
Consumers Credit UnionDeposit account varietyUp to 3%
4 more rows
May 22, 2024

Is it safe to save money in a credit union? ›

Why are credit unions safer than banks? Like banks, which are federally insured by the FDIC, credit unions are insured by the NCUA, making them just as safe as banks. The National Credit Union Administration is a US government agency that regulates and supervises credit unions.

What is a weakness of a credit union? ›

Weaknesses of Credit Unions

Membership is restricted. The membership of a credit union is restricted to a specific community, most often a religion, profession, or geographic location. For a member to be eligible to join a credit union, they must belong to a group listed in the credit union's charter.

Why do people not like credit unions? ›

Some have argued that credit unions are inherently inefficient because of their one-member, one-vote governance structure.

Should you have 2 credit union accounts? ›

Credit union deposits are protected with NCUA insurance up to $250,000 per account. If you have more than $250,000 in any one account, you may want to divide it into another account to take advantage of the insurance thresholds.

Can the government take your money from a credit union? ›

Through right of offset, the government allows banks and credit unions to access the savings of their account holders under certain circ*mstances. This is allowed when the consumer misses a debt payment owed to that same financial institution.

What happens if a credit union fails? ›

If a credit union is placed into liquidation, the NCUA's Asset Management and Assistance Center (AMAC) will oversee the liquidation and set up an asset management estate (AME) to manage assets, settle members' insurance claims, and attempt to recover value from the closed credit union's assets.

Are credit unions safe during a banking crisis? ›

Credit unions are insured by the National Credit Union Administration (NCUA). Just like the FDIC insures up to $250,000 for individuals' accounts of a bank, the NCUA insures up to $250,000 for individuals' accounts of a credit union. Beyond that amount, the bank or credit union takes an uninsured risk.

Can you take savings out of credit union? ›

Benefits of Credit Union savings

Savings balances over and above any loan you may have are available to you to withdraw on demand.

Why are credit union savings rates so low? ›

The interest rate on your savings account is likely low because banks and credit unions don't always increase the interest rate since customers rarely switch accounts.

Can I transfer money from a credit union to a regular bank? ›

You can send a wire transfer by calling us or visiting a branch. You can also set up an electronic one-time or recurring money transfer from your savings (subject to a six-withdrawal per month limit) or checking account with us to another financial institution through the Automated Clearing House (ACH) Network.

Is it better to keep your money in a bank or credit union? ›

Statistically, personal savings accounts from Credit Unions fare better than accounts in major banks. Grow your money faster with a Value+ Money Market account, or a share certificate.

Is there a benefit to having a credit union account? ›

Credit Union Advantages: Why Bank At A Credit Union

Higher returns, better savings, low interest on borrowings, and a sense of community – these are just a few of the benefits of credit union membership.

Why would you save in a credit union? ›

Credit unions are financial co-operatives where members can save and lend to each other at fair rates of interest. They are non-profit organisations that have a volunteer ethos and community focus. You can become a member of a credit union if you have a common bond with other members.

What is the difference between a credit union and a savings bank? ›

Rang​​e of services

​Banks emphasize business and consumer accounts, and many provide trust services. Credit unions emphasize consumer deposit and loan services. ​Savings institutions emphasize real estate financing.

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