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Basic Savings
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.
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 June 1, 2020. |
| Product | Minimum Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|---|
| Basic Savings | $0-$1,500 | 0.03% | 0.03% |
| Basic Savings | $1,501-$5,000 | 0.03% | 0.03% |
| Basic Savings | $5,001+ | 0.03% | 0.03% |
Open an Account Today!
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