Open a Dedicated Savings Account and see your money grow! Stash away your cash and build up your account in the new year. Talk to our expert HCU team for more information on a Dedicated Savings Account! See the HCU Dedicated Savings Account Setup Request Form to start the process.
This account requires a minimum of $10 monthly automatic transfer. Additional deposits may be made. Each membership can have up to 5 Dedicated Shares Accounts. Keep money out of reach in order for it to grow and use it for a vacation, a new car or ATV, and so much more!
- Members must be current on all loans and have no negative balances in other accounts.
- Members must remain in good standing. Members who do not remain in good standing may have their Dedicated Savings Account closed and forfeit any accrued dividends. The funds of the account may be used to cure the deficiency.
- Early withdrawals are only allowed for the full amount of the account balance. The member will forfeit any accrued but unpaid dividends/interest at the time the member makes an early withdrawal.
- Funds will be transferred to Membership Shares at the end of day of October 31st. The savings account will remain open to begin saving for next year.
- Variable Rate. The rate may change on the 1st of each month.
Dividend Rules
- Dividend accrues each month. Dividend is calculated with simple interest (non-compounding) and credits to the account on October 31st.
- Accrued Dividends are forfeit upon early withdrawal of funds.
Members aged 18 and older who open a Dedicated Savings Account between January and March will be automatically entered into the Dedicated Savings Account Giveaway! Each membership account is eligible for up to 5 entries. Please note, new accounts with early withdrawals will be disqualified from the giveaway. Any membership account closed between January 1, 2025, and March 31, 2025, will also forfeit the entry. See official rules here.