Savings Comparison
*Note: Must be 19 years of age to open any account without an adult.
SAVEUP SAVINGS | ADVANTAGE MONEY MARKET (MMIA) | CERTIFICATES OF DEPOSIT (CDs) | |
---|---|---|---|
Description | A traditional way to put money away for future expenses while earning interest | Allows you to earn a higher return on your investments than with a traditional savings without locking your money away for a specified amount of time | A great low-risk investment that earns competitive interest at a higher rate than a regular savings account when you commit to deposit your funds for a fixed period of time |
Minimum Balance Required | No minimum balance required | No minimum balance required | $1,000 Minimum Opening Deposit |
Monthly Service Charge / Penalty | No | $3.00 service charge if balance requirements are not met | No Monthly Service Charge - See Certificate of Deposits page for early withdrawal penalties |
Earns Interest | Yes – Earns a higher rate with $10 minimum transfer from IDSecure, eRewards, or ReBuild Checking each statement cycle. View Rates | Yes – Tiered rates paying higher interest on larger balances. View Rates | Yes – Competitive fixed interest rates. View Rates |
Classic Club Eligible |
Yes - with $1000 minimum average balance |
Yes - with $1000 minimum average balance | Yes - with $10,000 minimum CD balance |
Additional Benefits/Information | Earn a higher rate with IDSecure, eRewards, or ReBuild Accounts. All it takes is a $10 minimum transfer each statement cycle. | N/A |
|
Available for Personal & Business | No - Personal Accounts Only | No - Personal Accounts Only | Yes - Personal & Business Account |
*Account Closing Charge of $25 if account is closed within the first 6 months after opening.
A penalty will be imposed on Certificates for early withdrawal.
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