All SELCO branches will be closed Tuesday, July 4 in observance of Independence Day. Account access will still be available through digital banking. 

Savings

Our savings accounts offer more than security—they also pay competitive dividends. Whatever your needs, we offer accounts that grow along with you. 

Open an Account See Our Rates
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Individual and Joint Savings Accounts

  • Earn quarterly dividends on balances over $500. 
  • No withdrawal penalty. 
  • No minimum balance if you also have a checking account, money market account, certificate, IRA, or loan (otherwise, $100 minimum balance to avoid fees). 
Learn About Savings Accounts
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Youth Savings

Whether you're saving to buy a car, go to college, or move into your first home away from home, a youth savings account help.

  • Our youth accounts promote positive saving habits and give you access to free financial tools. 
  • Get paid to save with a higher interest rate than most adults. 
  • Enter to win gifts and prizes each time you deposit money. 
Learn About Youth Savings
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Health Savings Accounts (HSAs)

An HSA allows you to set aside money to pay for current or future medical expenses not covered by your health insurance.

  • Set pre-tax money aside to pay for current or future medical expenses not covered by your health insurance. 
  • Contribute anytime and use the funds now or in the future. 
Learn More About HSAs

Savings Account Comparison

Membership/Simple Savings Youth Savings
Best for Anyone 18 or older 17 and younger
Minimum Opening Balance $5 $5
Monthly Service Charge $7 for a single service household whos balance falls below $100 during the month None
Automatic Transfers Yes Yes
Secure eStatements Yes Yes
30,000+ free COOP ATMs Yes Yes
Mobile Deposits Members can have multiple Simple Savings accounts Yes
Additional Benefits Test Highest possible savings rate
Account Details Learn More Account Details
Best for Minimum Opening Balance Monthly Service Charge Automatic Transfers Secure eStatements 30,000+ free COOP ATMs Mobile Deposits Additional Benefits
Membership/Simple Savings Anyone 18 or older $5 $7 for a single service household whos balance falls below $100 during the month Yes Yes Yes Members can have multiple Simple Savings accounts Test
Youth Savings 17 and younger $5 None Yes Yes Yes Yes Highest possible savings rate

More Savings Accounts

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Certificates

Often known as CDs, certificates are guaranteed to earn interest on your deposit. The longer the term, the higher the rate.

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Money Market Accounts

Put your money to work, earning higher returns than a traditional savings account—and you can access your money anytime.

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The Investor Plus Account

Save more, earn more. The higher your balance, the better your interest rate, and you can access your money when you need it.

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Business Savings

Whether you own a small business or operate a large enterprise, we offer flexible savings accounts to fit your changing needs.