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Savings Accounts

Reach your goals. Achieve your life. It starts with a savings account.

Open an account

a better life begins with better savings

Whatever your savings goals are, we’ll help you along the way with the tools and guidance you need to succeed.

  • Digital Access

    Stay connected to your accounts wherever life takes you, with online banking and our mobile app.

  • Direct Deposit

    Your paychecks can be automatically deposited in the account of your choice. We can help you set this up.

  • Personalize It

    Set up automatic transfers to move your money on your schedule, and label your savings accounts with names that mean something to you.

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Member Savings

When you become a member of Reliant, your first $5 deposit is your share in the credit union, which will remain on deposit for the life of your membership.

From there, you’ll have three months to build your balance to $100 in order to avoid a monthly low-balance fee. As long as you maintain a balance of at least $100 among all of your deposit and loan accounts after that intro period, you will avoid a low-balance fee.1

Rest assured, keeping your money at Reliant is safe. Your savings are federally insured to at least $250,000 and are backed in full faith and credit of the United States Government.

Club Savings

The funds in a club account will help you save all year long: because they become accessible only once a year, you won’t be tempted to chip away at the progress you’ve made.

If you’re saving for the holidays, your money will come available on October 1. If you’re saving for a summer vacation, it will be accessible on July 1.

Early withdrawals can be made if needed; however, there will be a $15 fee applied to each withdrawal.

Daily Money Savings

Do you have balances of $1,000 or greater? Our Daily Money account combines the benefits of savings and checking for an account that really pulls its weight. Get higher dividends for higher balances, which accrue for each day you maintain a balance of $1,000 or more. Your dividends are paid to your account each month.

 

Special Savings

Have your eye on something special? Let’s make it happen!

Save for a special purchase, a dream trip or a rainy day with the supplemental savings account that lets you set aside money for a specific purpose. We can work with you to put your goal within reach.

help me choose

  • Best for ...

    Best for ...

  • Minimum Opening Balance

    Minimum Opening Balance

  • Minimum Balance to Earn Dividends

    Minimum Balance to Earn Dividends

  • Dividends

    Dividends

  • Monthly Service Fee

    Monthly Service Fee

  • Mobile Check Deposit

    Mobile Check Deposit

Savings Dividend

  • Best for ...

    Your everyday savings

  • Minimum Opening Balance

    $5

  • Minimum Balance to Earn Dividends

    $100

  • Dividends

    0.050% - 0.200%

    More details

  • Monthly Service Fee

    $0

  • Mobile Check Deposit

    Yes

Daily Money Savings

  • Best for ...

    Saving and checking combined2, with dividends

  • Minimum Opening Balance

    $1,000

  • Minimum Balance to Earn Dividends

    $1,000

  • Dividends

    0.100% - 0.350%

    More details

  • Monthly Service Fee

    $0

  • Mobile Check Deposit

    No

Club Savings

  • Best for ...

    Saving for winter holidays or a summer vacation

  • Minimum Opening Balance

    $5 or $5/payroll

  • Minimum Balance to Earn Dividends

    No minimum

  • Dividends

    0.120%

  • Monthly Service Fee

    $0

  • Mobile Check Deposit

    Yes

Special Savings

  • Best for ...

    Saving for a specific goal of any type

  • Minimum Opening Balance

    $5 or $5/payroll

  • Minimum Balance to Earn Dividends

    $100

  • Dividends

    0.050%

  • Monthly Service Fee

    $0

  • Mobile Check Deposit

    Yes

Saving for Retirement?

Our flexible savings account with IRA (Individual Retirement Account) benefits will help you make the most of your golden years.3,4

With a Traditional IRA savings account, your dividends are protected from taxes until the funds are withdrawn. Your contributions up to a certain limit are tax-deductible in the year they are made

With a Roth IRA savings account, your contributions may not be deducted. However, you may take a tax-free distribution of your savings any time after five years from the date of your first contribution.

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Contact us to open an IRA Savings Account

Savings Goal Calculator

FAQs

If you have a direct deposit form from your employer, a staff member can assist you in completing it in the branch or over the phone. Don’t have a form from your employer?  Reliant offers a direct deposit form that is available to fill out online or at any branch.

Yes, as a Reliant member, you are an owner and shareholder of the credit union.  Your first $5.00 deposit into a savings dividend account represents your share of the credit union and gives you the opportunity to vote at our annual meetings.

Reliant offers many convenient ways to access your funds, including online banking, our mobile app, ATM or purchases using a Reliant Visa debit card, writing checks, calling us at 800-724-9282, or visiting any Reliant branch.

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Disclosures

  1. A fee of $5 per month will be charged against the savings dividend account if the total balance in the account (including all sub-accounts) is less than $100 at the close of business on the last business day of the month. Any account with a loan balance of at least $100 at the close of business on the last business day of the month will not be charged the monthly fee. The low-balance fee does not apply to account owners under the age of 18 or to accounts open less than three months.
  2. There is no limit to the number of transactions (withdrawals or transfers) that can be conducted on this account per calendar month.
  3. Consult with your tax advisor for further details about tax implications of IRA savings accounts.
  4. A fee may be applied for termination or transfer of this account to another institution. Additional fees and penalties may be applied by the Internal Revenue Service, subject to restrictions of an Individual Retirement Account.

Deposit rates are accurate as of 11/1/2020 and subject to change.

^APY = ANNUAL PERCENTAGE YIELD.

*The rate may change after the account is opened.