Most financial experts recommend that you keep three to six months of your living expenses in a government-insured savings account. UMassFive offers several convenient options to save for any purpose.
As a member of the Credit Union, you are automatically enrolled in a savings account. Your Primary Share Account’s first $5 signifies your ownership in the Credit Union and qualifies you for Credit Union benefits.
This is a tiered savings account that earns a high dividend rate for maintaining a higher savings balance. It is geared toward medium- to long-range savings.
Restricted Savings Accounts
UMassFive Term Share Certificates are a safe, effective way to save for any occasion. Use them for regular or IRA savings.
Whether you’re saving for retirement or education, explore these savings accounts which have tax benefits. You can use payroll deduction for a systematic savings plan.
For questions or assistance, contact a friendly UMassFive representative today!