Skip to main content

COVID-19 Updates - Important information regarding branch & service availability, remote banking options, resources for financial hardship, and more: Click Here

UMassFive has been approved to be a lender of the SBA's Payroll Protection Program (PPP) as a part of the recently passed 2020 CARES Act, and will be eligible to process PPP loans through the SBA's loan delivery system as soon as this system is made available to us. Please email our Commercial Services Division for additional information.

Basic Savings

/sites/default/files/images/hero/full/iStock-172917933_2.jpg

Your simplest savings solution.

As a member of UMassFive, you're automatically enrolled in this savings account to house your $5 share of the Credit Union. It's free to use, and earns interest.

 

Hero Image Full

Free Accounts

Your first Basic Savings Account is free and only requires your $5 member share as a minimum balance.

Easy to Access

In an emergency, there is no greater comfort than knowing you have a safety net that is within reach.

Each month you have the ability to electronically transfer funds between your accounts up to six times, and without limit in person. Deposits directly into your savings accounts are always unlimited.

Separate Your Savings

Additional savings accounts are also available. If you are saving for different goals, it is easier to track your progress when you are putting the money into separate accounts. You can open a secondary savings account with as little as $100 and watch it grow!

Basic Savings Account Rates

Rates subject to change at any time. Rates effective as of April 1, 2020.
Product Minimum Balance Dividend Rate Annual Percentage Yield
Basic Savings $0-$1,500 0.05% 0.05%
Basic Savings $1,501-$5,000 0.05% 0.05%
Basic Savings $5,001+ 0.05% 0.05%

Open an Account Today!

/sites/default/files/styles/background_image/public/images/cta/iStock-172917933_2.jpg?h=0d7159e1&itok=foHClJqw