Whether you’re saving for something fun or just preparing for a rainy day, Rock Valley Credit Union has a savings account to help you meet your short-and long-term goals.
Review our range of options and choose the account (Or two! Or three!) that works best for you. Let’s make your dreams a reality!
Savings Accounts
PRIMARY SAVINGS
Joining RVCU is like getting your golden ticket! To become a member, all you need is a primary savings account—it’s your official pass to all the awesome perks we offer (it’s also a requirement). Think low rates, flexible loans, reward programs, and so much more! Plus, it’s a great way to build up those savings while earning interest (cha-ching!). Just $25 to open, and you’re in! Dividends are paid quarterly, so you can watch your savings grow without lifting a finger.*
SECONDARY SAVINGS
While your primary savings account may be your “ticket” to RVCU membership, you can open as many secondary savings accounts as you want. Planning for a vacation? Socking away money for your emergency fund? Or maybe a down payment for a car? Open savings accounts for each of your goals! No minimum balance required.
And we know how much fun it can be to spend the money you’ve been saving for a specific goal. When you’re ready, we make it just as easy to access your money as we make it to save. Not only can you make withdrawals in person, but you can request an ATM card** to easily withdraw from your savings account at more than 80,000 fee-free ATMs across the country.
*APY = Annual Percentage Yield. $25 minimum deposit required in a share savings account to establish credit union membership. The rate may change after the account is opened. Fees could reduce the earnings on the account. **ATM cards cannot be used for purchases. Daily limit withdrawal is $260.
WAGS KIDS SAVING CLUB
It’s never too early to start saving for your child’s future! The Wags Kids Savings Club is a savings account for kids 17 and younger that offers adult-size benefits, including no fees, great interest rates ( 0.15% APY*), and the chance to win a $500 quarterly cash prize!**
Whether you have a newborn or a teenager, signing them up for the Wags Kids Savings Club is a great way to help build a solid financial foundation. A parent or legal guardian must be a joint owner of the account — download and fill out an enrollment form here and return to any of our branches. $25 minimum balance to open. Dividends paid quarterly.
*APY = Annual Percentage Yield. $25 minimum deposit required. APY is accurate as of the last dividend declaration date. The rate may change after the account is opened. Fees could reduce the earnings on the account.
**Rock Valley Credit Union’s website and online services are not directed to children under 13 and Rock Valley Credit Union does not knowingly collect any personal information from children under 13. For more information about the Children’s Online Privacy Protection Act (COPPA), visit the FTC website.
Download the official Wags Kids Savings Club rules here.
In order to be eligible for the quarterly drawing, Deposited $1 or more into the primary share account within the applicable quarter. To unenroll in the Wags Club Savings Account program, please fill out this form.
MONEY MARKET ACCOUNT
Ideal for those looking for an interest-bearing, low transaction checking account, our Money Market accounts are a great option. Includes six transactions per month, requires a minimum balance, and the tiered interest is based on the balance of the account.
HEALTH SAVINGS ACCOUNT (HSA)
A Health Savings Account (HSA) is a tax-advantaged account that lets you set aside money that can be used to pay for qualifying medical, dental, and vision expenses for yourself, your spouse, and your dependent children. And the best part? Your contributions may be tax deductible! Contributions can be made by you, your employer, or both. To qualify for an HSA account, you must have a High Deductible Health Plan (HDHP). No minimum balance requirement. No fees. Contact your tax advisor with questions.*
*Please consult your financial or tax adviser regarding your unique circumstances. After all, everyone’s savings goals are different! HSAs must be combined with a High Deductible Health Plan (HDHP).
TRADITIONAL AND ROTH IRAs
It’s never too early to start planning for retirement! Rock Valley Credit Union offers a range of IRA — Individual Retirement Account — options to set you up for success. A traditional IRA is ideal for supplementing your retirement savings. May qualify for a tax-deductible contribution.*
A Roth IRA provides a combination of guaranteed returns and tax benefits and is great for diversifying your investment portfolio. Contributions made with after-tax dollars, so they can be withdrawn any time tax-free.**
*No minimum balance requirement. Dividend paid quarterly. Contact your tax advisor with questions. **No minimum balance. Dividend paid quarterly.
CERTIFICATES OF DEPOSIT (CD)
Make your money work for you rather than the other way around! A Rock Valley Credit Union Certificate of Deposit (CD)* is a low-risk, high-yield type of savings account that pays you a fixed interest rate over a certain amount of time. How does it work? Easy! Deposit the minimum amount required, wait 6, 12, 15, 18, 24, 30, or 36 months (you choose!), withdraw (or reinvest!) your money PLUS the interest earned during the investment period.
View rates, minimum deposit requirements, and term options here!
*Also called a Share Certificate, a CD is a low-risk, high-yield type of savings account that pays you a fixed interest rate over a certain amount of time. For Certificates, a penalty may be imposed for early withdrawal. **APY = Annual Percentage Yield.
Save To Win
Cash prizes? Yes please! RVCU Save to Win® is a program that rewards members for saving. Open a Save to Win® savings account or a 12-month Save to Win® share certificate with a minimum deposit of at least $25. Then, every time you make a deposit of $25 or more, you’ll be entered in monthly and quarterly prize drawings ranging from $25 to $5,000! As if that’s not good enough, as of October 15, 2024, RVCU members can earn up to 100 entries per month. Now that’s motivation!
Details to win a quarterly “Save to Win” $5,000 grand prize: $25 is needed to open the account. There is no minimum deposit after opening the account. You are able to make deposits to your Share Certificate at any time. The Save to Win certificate has a 12-month term. Must be 18 years of age or older. Only one Save to Win Certificate per member. Quarterly drawings take place in January, April, July, and October. View the official Save to Win rules here.
