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Primary Savings

Step into membership & peace of mind

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Primary Savings

Online & Mobile Banking

Member Benefits

Primary Savings

Discover the benefits, secure your future

  • $5 minimum balance & no monthly fees
  • Earn up to $200 with our New Member Special
  • Earns monthly dividends by maintaining an average daily balance of $50+
  • Competitive dividend earning interest rates
  • GoldStar® members receive a higher dividend interest rate
  • Free account access at CO-OP Shared Branches & ATMs
  • Same-Day Direct Deposit
  • Primary savings account is required for credit union membership
  • Utah-based Contact Center for phone support
  • Federally insured by the NCUA

Online & Mobile Banking

Banking wherever, whenever

  • Mobile App
  • E-Statements
  • Automatic Bill Pay
  • Money Desktop Tools
  • Mobile Deposit
  • Zelle® Payments
Online & Mobile Banking

Member Benefits

Rewards & dividends for you

  • New Member Special Offer
  • Monthly Dividends on balances $50+
  • End-of-Year Member Dividend Rewards
Member RewardsCurrent Offers

If you want to simplify your savings and grow your wealth, consider opening a savings account at American United Federal Credit Union. You'll find everything the larger banks and credit unions offer, without the long lines!

American United FCU Member

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Savings Account Rates

Rates up to date as of July 4, 2024. Rates subject to change without notice.

Savings AccountsDividend RateAnnual Percentage YieldMinimum BalanceBalance to Earn Dividends
Primary Savings0.100%0.100% APY$5$50+
GoldStar® Savings10.125%0.125% APY$5$50+
Business Savings0.125%0.125% APY$5$50+
Youth Savings20.150%0.150% APY$5$50+
Club Savings0.100%0.100% APY$0$25+
Escrow Account0.100%0.100% APY$0$50+
Retirement (IRA) Savings30.499%0.500% APY$0$1+

APY = Annual Percentage Yield. Membership required, on approved credit, and rates subject to change at any time without notice. Credit union deposits are federally insured by the NCUA.
1. Additional requirements apply for GoldStar® membership.
2. Must be younger than 18 years of age to open a Youth Savings account.
3. Subject to early withdrawal penalty before the age of 59.5 (Traditional before-tax or Roth after-tax IRAs).

Helpful Resources

Benefits of Starting a Savings Account

Having a designated account for saving separate from your checking account can help you reach your savings goals. Some of the key advantages of opening a savings account include:

  • Building a cushion for financial emergencies. You’ll have the money to cover auto repairs, medical bills, and other unexpected expenses without relying on high-interest credit cards or loans.
  • Protecting your funds through federal insurance. The NCUA guarantees savings accounts in the United States up to $250,000.
  • Avoiding the risk potential of more complicated investments. For example, putting your money in the stock market carries the potential for financial loss. Most experts recommend investing funds only for long-term goals, such as retirement, that are more than five years away.
  • Preserving easy access to your funds. These accounts are liquid, which means you can withdraw or otherwise use your balance immediately if you need the money. Even short-term options such as Share Certificates can prevent access to customer funds for anywhere from several months to several years.
  • Taking advantage of compound interest. Your money will grow, and you will earn interest without any further action on your part. The longer you keep your balance in the account and the more money you deposit, the more you will earn.
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Tips for Smart Saving

Your savings plan has a higher likelihood of success if you set a goal and purpose for putting money aside. You should consider this type of account if you want to build an emergency fund, set aside money for home upgrades, save for future travel, meet your home down payment goal, or prepare for medical needs for you, your family, or your pets.

Wondering how to start saving money? Employ these strategies to make the most of your savings account:

  • Start with small goals. The nonprofit initiative America Saves stresses the importance of breaking down a big target into smaller savings objectives. For example, if you want to save $2,000 this year, set an automatic transfer for $40 per week (rounding up a bit).
  • Set aside unexpected funds in your savings account. When you get an unexpected windfall like a bonus, inheritance, or tax refund, put the money toward a rainy day rather than spending it.
  • Establish a waiting period for frivolous spending. If you find that shopping puts a dent in your wallet, add something to your online cart, then leave it alone for 24 hours. If you go back and decide you don’t need the item (or forget about it completely), save that money instead.
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Selecting the Best Savings Account

Bankrate reports that credit unions often have higher interest rates on savings accounts than you’ll find at a traditional bank. The website recommends looking for local branches that display a commitment to serving the community for a personal touch absent at many large banks.

Other attributes to look for when signing up for a savings account include:

  • Minimal fees. For example, you may want to avoid a bank that charges a high monthly maintenance fee or charges fees if you fail to meet a high minimum account balance. Any monthly fee will take a bite out of your savings.
  • Competitive interest rates. American United Federal Credit Union has an entry-level annual percentage yield of 0.1%, much higher than the average for these accounts of 0.01% or less.
  • Withdrawal limits. Unlike with a checking account, federal law limits withdrawals from savings accounts to six each month.
  • Easy checking account transfers. You can automate this process to consistently grow your balance with an automatic deposit each paycheck.
  • Convenient online and brick-and-mortar access. Ideally, your financial institution should offer the best of both worlds, with local branches where you can speak with someone in person as well as robust online and mobile tools so you can have your financial information at your fingertips.
  • The availability of other types of accounts. If you prefer to do all your banking with one credit union, you must choose a provider that offers a diverse array of personal and business solutions.

American United Federal Credit Union offers these benefits and many more for customers who live, work, attend school, or worship in Utah. We also welcome the family members of our valued clients. Contact us today for more membership information to begin saving for your bright future and access our competitive APY without a monthly maintenance fee.

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Upgrade to GoldStar® membership

  • Higher Monthly Dividend Rates on Balances $500+
  • Higher Dividend Rates on Savings & Certificate Accounts
  • Loan Rate Discounts on Vehicle & Personal Loans
  • Access to No Cost Identity Theft Protection
  • Free or discounted services & additional rewards
Goldstar® membership

Youth Savings Rewards

  • We pay $3 for A’s, $2 for B’s, $1 for C’s
  • $10 new youth account referral bonus
  • Earn monthly dividends on balances $50+
  • Financial Literacy Resource for Parents & Youth
  • Option to open checking account with VISA Rewards Debit Card
  • Option to open a Dedicated Youth Certificate with special terms
Youth Savings