Companion Account
You’ll earn an amazing high rate on this Basic Savings account when you partner it with another deposit account!
Become a member first, then open your Certificate, Savings or Money Market Account before opening your Companion Account in Online or Mobile Banking.
Earn 3.56% APY!
Features
- No minimum deposit to open the account (minimum $50 balance to earn dividends)
- No minimum balance requirement or monthly fee
- Access funds with a debit card and Online or Mobile Banking
- Companion Accounts can be opened when you have a Certificate, Savings or Money Market Account (if the linked account is closed, the Companion Account will convert to a regular savings earning a lower rate)
- Maximum balance in the Companion Account cannot exceed the balance of the linked account
- Deposits are federally insured by the NCUA to at least $250,000
Companion Account Rates
Scroll Right for More Data
| Account Description | Dividend Rate | Annual Percentage Yield (APY) |
|---|---|---|
| Companion Account | 3.50% | 3.56% |
Effective 5/12/23
Savings Education
Learn the financial basics about savings accounts with our Online Learning Modules.
The Companion Account rate is variable. Dividends are compounded and paid monthly. The Companion Savings account is linked to a regular savings, money market, or certificate account. For Companion Savings accounts linked to a regular savings or money market, dividends will be calculated based on the average daily balance of the linked savings or money market for the previous month since there is a fluctuating balance due to deposits and withdrawals. For a Companion Savings linked to a certificate account, dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Once a Certificate is opened, the rate remains fixed through maturity, and early withdrawal penalties apply and may reduce earnings. Membership eligibility is required.
