Special Savings Account
Some savings goals take years to reach— like a college education or retirement. Others are smaller and easier to reach. Think holiday gifts, family vacations, vehicle repairs, wedding season and even toys and luxuries like boats and ATVs. You may need a deposit account that accrues interest like an asset portfolio without all the rigidity of long-term investments. In other words, you need a Special Savings Account.
Special Savings Accounts allow you to make regular deposits and still have the flexibility of withdrawing funds for occasional financial curve balls that life throws your way. In a span of nine months, Special Savings Accounts offer up to six electronic savings withdrawals. At the same time, you earn dividends each month on the money you've deposited. Yes, while you save, your cash earns dividends.
When it's time to check your balance, transfer funds, or make a loan payment using your Special Savings Account, consider enrolling in our easy, free online banking option. You don't even need to leave home or swing by after work. Just log on.
Getting started is easy. There's no minimum amount required to open your Special Savings Account, and no minimum balance to maintain the account free and clear of service fees. You just need to be a member with a regular Share Savings account first. Simply phone your local Coosa Valley Credit Union family to get set up. Together, we'll get ready for the ups and downs that make life... life.
Special Savings Rates
Minimum Deposit
Minimum Balance
Dividend Rate
APY
Earning Tier
Minimum Deposit
-
Minimum Balance
-
Dividend Rate
.050%
APY
.05%
Earning Tier
$200.00 - $999.99
Minimum Deposit
-
Minimum Balance
-
Dividend Rate
.050%
APY
.05%
Earning Tier
$1,000.00 - $4,999.99
Minimum Deposit
-
Minimum Balance
-
Dividend Rate
.100%
APY
.10%
Earning Tier
$5,000.00 - $9,999.99
Minimum Deposit
-
Minimum Balance
-
Dividend Rate
.100%
APY
.10%
Earning Tier
$10,000.00 or greater
Dividends are compounded and credited monthly. Account transfer and withdrawal limitations apply. Click here for a detailed rates chart.