Newsletter 2023 V2 Article - Savings Options

With the warmer weather and fresh produce on our minds, why not use this time of year to consider how you’re growing your savings? At UMassFive, we have a variety of savings accounts designed specifically to help members like you grow your financial safety net through saving.

Goal Savings
These accounts are dividend-bearing accounts designed for members with a goal in mind. Ideal for those who want their funds to be easily accessible, but still in a separate account, to see a clear picture of the finish line.

No minimum balance or monthly fees
Personalized account nicknames in Online & Mobile Banking
No maximum number of accounts

Learn more

Term Deposits
Term Deposit accounts offer a higher dividend than our traditional savings products, for a pre-selected period of time, during which the funds are “locked-in” to the account.

Multiple terms to choose from
Raise your rate 0.25% with 2,500 Co-op Points
Receive a higher rate for “locking-in” your funds than you would with a regular savings account.

Learn more

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