Your money works harder for you at Alabama Credit Union.
Thanks to the not-for-profit structure of Alabama Credit Union, our share savings accounts generally earn higher rates of return than similar accounts at for-profit financial institutions. As a not-for-profit, we don't share money with stockholders like a bank, we return profits to members like you -- through higher savings dividends and lower loan rates.
By opening a savings account at Alabama Credit Union, you are establishing membership with us and can take advantage of all that the credit union has to offer including one of our checking account options!
Declaration Date: For calendar quarter ending September 30, 2021
Share Savings
$5.00
Minimum Balance
.25 %
Dividend Rate
.25 %
Annual Percentage Yield (APY)
Quarterly
Dividend Compounded
Special Savings
$0
Minimum Balance
.25 %
Dividend Rate
.25 %
Annual Percentage Yield (APY)
Quarterly
Dividend Compounded
Holiday Club
$0
Minimum Balance
.25 %
Dividend Rate
.25 %
Annual Percentage Yield (APY)
Quarterly
Dividend Compounded
Vacation Club
$0
Minimum Balance
.25 %
Dividend Rate
.25 %
Annual Percentage Yield (APY)
Quarterly
Dividend Compounded
Share Savings Account
Alabama Credit Union savings (share) accounts pay dividends, calculated on daily balances credited and compounded quarterly, at a rate determined by the Board of Directors. Due to the not-for-profit nature of the credit union structure and philosophy, savings accounts generally earn higher rates of return than similar accounts at other financial institutions. Electronic or automatic withdrawals and transfers are limited to six per month. Savings account dividends are declared after the end of each quarterly period.
Holiday Club Account
With no minimum balance, no monthly service fee, and the same dividend rate paid on our regular savings accounts, you'll be able to get started easily and watch your savings grow (payroll deduction or direct deposits into your account is the best way to reach your savings goals!).
In November, Holiday Club account holders will receive a deposit into their savings or checking account for the balance held in their Holiday Club accounts so they can get their shopping underway while selections are best. (And there's no need to visit our office each year to set up your new Holiday Club account as long as you keep your regular deposits arriving in your account. However, if you haven't resumed deposits by May 1, you will need to visit us to open a new Holiday Club account.)