Sascu Regular Savings requires a $5 minimum deposit to open — this share deposit also establishes your Sascu credit union membership. Sascu High-Yield Savings requires $500 to open. Sascu Money Market requires $2,500. No ongoing minimum balance applies to any Sascu savings product.
Sascu Savings Accounts
Sascu savings accounts reward members who build their financial future. Competitive dividend rates, daily compounding, and goal-based sub-accounts give every dollar a job to do — all protected by NCUA insurance up to $250,000.
Sascu credit union was built on the idea that people who save together prosper together. That principle still drives Sascu savings products today. Unlike a commercial bank that pays depositors the minimum it can get away with, Sascu returns earnings to members through higher dividend rates on savings — because members are the owners. Every Sascu member holds a single $5 share, and that share represents a stake in an institution that exists to serve, not to generate profit for outside shareholders.
The Sascu savings lineup spans from a basic share account requiring just $5 to open, to high-yield savings that compound daily, to certificates of deposit with guaranteed fixed rates. Sascu money market accounts bridge the gap between savings and checking, offering limited check-writing privileges alongside tiered dividend rates that increase as your balance grows. For retirement planning, Sascu offers both traditional and Roth IRA savings accounts with the same competitive dividend structure.
Open a Sascu Savings Account Compare Sascu CheckingRate Summary
Sascu savings rates reflect the credit union model — earnings that flow back to members rather than to shareholders produce consistently competitive yields.
Every Sascu savings product earns dividends, which is the credit union term for what banks call interest. The distinction matters because Sascu returns a portion of earnings to members as dividends based on the average daily balance. Regular Sascu Savings provides a base dividend rate on all balances. Sascu High-Yield Savings uses a tiered structure — balances up to $10,000 earn one rate, balances between $10,000 and $50,000 earn a higher rate, and balances above $50,000 earn the highest rate. Dividends compound daily and post to accounts on the last business day of each month.
Sascu Money Market accounts follow a similar tiered model with higher thresholds. The first tier starts at $2,500, with additional rate adjustments at $25,000, $100,000, and $250,000. Money Market accounts permit up to six preauthorized transfers or withdrawals per statement cycle, consistent with federal regulation. Check-writing is limited to three checks per month, making Money Market a strong vehicle for emergency funds and mid-term savings goals where occasional access matters.
Sascu Certificates of Deposit lock in a fixed dividend rate for the entire term — 6, 12, 24, 36, 48, or 60 months. Longer terms earn progressively higher rates, and Sascu offers a promotional bump-rate CD that allows a one-time rate increase during the term if Sascu CD rates rise. Early withdrawal penalties apply and vary by term length. Sascu IRA CDs combine the tax advantages of an individual retirement account with the guaranteed rate of a certificate, available in both traditional and Roth formats.
Goal-Based Savings Sub-Accounts
Sascu online banking lets members partition savings into labeled sub-accounts — vacation fund, home down payment, education expenses — all earning the same dividend rate from a single Sascu dashboard.
Many Sascu members use sub-accounts as a budgeting discipline tool. Instead of keeping a single savings balance and mentally tracking what each portion is earmarked for, sub-accounts create clear visual separation. A Sascu member saving for a wedding, a car down payment, and holiday gifts can establish three sub-accounts, each with its own balance display and optional automatic transfers scheduled from the linked Sascu checking account. The full Sascu savings balance earns the same competitive dividend rate whether it sits in one account or five.
Setting up a sub-account takes under a minute inside the Sascu online banking portal. Name the sub-account anything that helps you track the goal — "Hawaii 2027" or "New Roof" both work. Set a target balance and Sascu shows a progress bar that fills as deposits accumulate. Automatic recurring transfers run on whatever schedule you choose: weekly, biweekly, or monthly. Sascu members can create up to ten sub-accounts per primary Sascu savings account.
NCUA Insurance and Deposit Protection
Funds in Sascu savings accounts carry federal insurance through the National Credit Union Administration — the credit union equivalent of FDIC protection, backed by the full faith and credit of the United States.
The National Credit Union Share Insurance Fund insures individual Sascu accounts up to $250,000. Joint accounts receive separate coverage of up to $250,000 per co-owner, and certain retirement accounts like IRAs carry their own $250,000 coverage limit separate from regular share accounts. Sascu members can structure accounts to obtain coverage beyond $250,000 through proper titling and account types. The NCUA has never failed to honor an insured deposit — not one dollar has been lost by a federally insured credit union member since the fund's creation in 1970.
Sascu supplements federal insurance with internal safeguards. The credit union maintains capital reserves above regulatory requirements, undergoes annual independent audits, and participates in stress testing to ensure liquidity under adverse economic conditions. All Sascu digital transactions travel through 256-bit encrypted channels, and Sascu fraud monitoring runs continuously against deposit and withdrawal activity. Members can verify Sascu's NCUA charter status by visiting the NCUA website and searching for Sascu Credit Union in the credit union locator tool.
Compare Sascu Savings Products
| Product | Min Deposit | Dividend Rate | Compounding | Withdrawal Limits | Features |
|---|---|---|---|---|---|
| Sascu Regular Savings | $5 | 0.60% - 1.00% | Daily | 6 preauthorized/mo | Membership share account, goal sub-accounts, no minimum balance |
| Sascu High-Yield Savings | $500 | 2.25% - 3.50% | Daily | 6 preauthorized/mo | Tiered rates, no earnings cap, free automatic transfers from Sascu checking |
| Sascu Money Market | $2,500 | 2.50% - 3.75% | Daily | 6 preauthorized/mo, 3 checks/mo | Check-writing privileges, tiered rates, debit card access optional |
| Sascu Certificates (CD) | $1,000 | 3.00% - 4.25% | Daily | No withdrawals before maturity | 6-60 month terms, guaranteed fixed rate, bump-rate option available |
| Sascu IRA Savings | $100 | 0.60% - 3.50% | Daily | IRS rules apply | Traditional and Roth, IRA CD options, tax-advantaged growth |
What Sascu Members Say
My Sascu high-yield savings earns more than what my old bank paid — and I have sub-accounts set up for my emergency fund, my daughter's braces, and a vacation. Sascu makes it easy to watch each goal grow separately.
Frequently Asked Questions
Sascu compounds dividends daily on all savings products and credits them monthly. Daily compounding means each day's dividend calculation includes previously earned dividends, producing slightly higher yields than monthly or quarterly compounding at the same stated rate.
Yes. All Sascu savings deposits are federally insured by the NCUA through the National Credit Union Share Insurance Fund. Individual accounts are protected up to $250,000. Joint accounts and certain retirement accounts may qualify for additional coverage beyond the standard limit per NCUA rules.
Yes. Sascu members can create up to ten savings sub-accounts from the online banking dashboard. Label each one for a specific goal and set up automatic recurring transfers from your Sascu checking account. Every sub-account earns the same dividend rate as the primary Sascu savings account.
Sascu certificates are available in 6, 12, 24, 36, 48, and 60-month terms. Early withdrawal penalties are 90 days of dividends for terms under 24 months and 180 days for longer terms. Sascu also offers a bump-rate CD allowing one rate increase during the term if Sascu CD rates rise after you open the certificate.
Related Services
Sascu Checking Accounts
Pair your Sascu savings with a free checking account. Transfer between accounts instantly and set up overdraft protection from savings.
Sascu Mortgage Lending
Sascu mortgage specialists help turn savings into homeownership. Competitive rates for purchases and refinances with flexible terms.
Auto Loans
Finance your next vehicle with a Sascu auto loan at rates well below dealer financing. Pre-approval available online.
Personal Loans
Unsecured personal loans from Sascu for debt consolidation, home improvements, and major life expenses with fixed rates.
Online Banking
Track savings progress, manage sub-accounts, and schedule transfers from the Sascu online banking dashboard available 24/7.