Savings at Express

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Savings Account

Become a member of Express Credit Union by opening a Share/ Savings Account. It’s a place to keep your money safe, while we pay you dividends on what is kept in the account.

  • Minimum $5.00 deposit to become an Express Credit Union member.
  • The $5.00 stays in your account and is your ‘share’ in the credit union
  • No monthly maintenance fees
  • Earn dividends that are paid to you quarterly
  • ATM card available and no charge for use at CO-OP ATM locations. Find an ATM near you*.

Savings Account without dividends (interest)

Enjoy the same features as our regular savings account without the dividends!

You can still save money as a member of Express Credit Union with this special non-interest bearing savings account. Keep your money safe even if you do not have a Social Security Number or Individual Taxpayer Identification Number (ITIN). If you require an account that does not pay interest – this is a safe alternative for you.

Holiday Club Savings Account

Let us help you save money for your holiday gifts or other special purchases!

An account designed to accept regular deposits all year until you need it – AND we’ll pay you a higher dividend rate than our regular savings.

  • No minimum balance to open
  • No monthly fees
  • Fees may apply for early withdrawals

Money Market

Earn an even higher dividend rate in this premium savings account by keeping $5,000 or more in your account.

  • Premium rates paid monthly for balances of $5,000 or more – even higher for those with balances of $50,000 or more. See our current rates.
  • No monthly fee if you maintain a minimum balance of $1,000 or more.
  • Limited to 6 pre-authorized debits of which a maximum of 3 may be checks each month by law.

Express Kids Club

Anyone up to 12 years old can learn good savings habits early!

This is a special account designed just for kids to have a safe place to save their money. Benefits that reward kids for savings including goody bags, contests with prizes, and even a special newsletter.

  • Earns the same rate as our regular savings account
  • A parent or guardian must open the account with the child

Single Deposit CD

If you do not have an immediate need to spend your money and want to earn an even higher rate of interest, open a certificate of deposit with Express.

  • Open an account with $1,000 or more and decide how long you would like to have your money remain in the account – up to 36 months – the longer the term, the higher rate of interest you earn
  • Interest rate stays the same until the deposit matures – guaranteeing your interest even if the market interest rates drop lower in the future
  • Since Express pays you a higher rate of interest there are penalties if you withdraw your money prior to the certificate’s maturity

Add-On CD

Open with as little as $100 and enjoy higher guaranteed rates of interest in this special CD account that you can add money to throughout the term! Make regular automatic transfers to this account to help you reach your savings goals. The interest rate stays the same until the deposit matures.

  • Open an account with $100 or more
  • Select a 12 or 24 month term – the longer the term, the higher rate of interest you earn
  • This account allows you to add money to your initial deposit any time during the term of the CD
  • There is a penalty if you withdraw your money early

Bump It Up CD

If you think interest rates might increase in the future, you might consider this special CD that allows you to bump up the rate once during the term of the CD if rates go up.

  • Open an account with $10,000 or more
  • Available with 12 or 24 month terms
  • There is a penalty if you withdraw your money early

Individual Retirement Accounts (IRA)

An Individual Retirement Account (IRA) is an investment account that helps you save money while you work to cover expenses when you retire. If you’re under 50, you can contribute up to $5,000 every year. If you’re 50 and over, you can contribute up to $6,000 every year. You may be able to deduct your contributions from your tax return depending on your marital status, income and whether or not you or your spouse participates in an employer-sponsored retirement plan – this means that you would not pay taxes on the money until you take it out. The tax deductable IRA contribution limit is indexed for inflation and may increase in future years.

Traditional IRA

For a traditional IRA, the money you put into the account and the interest you earn is tax-deferred, depending on your income. You pay taxes on the money you put in the account when you take the money out for your retirement.

Roth IRA

For a Roth IRA, the money you put into the account is not tax-deductable, but the interest you earn is tax deferred. And you do not pay taxes on the money you put in the account when you take it out for your retirement.

Educational IRA

An Educational IRA is an investment account that helps you save for your children’s education. As a parent or guardian, you can make contributions for a child under 18. Money you put into the account is not tax-deductible but the earnings on the account are deductable when used for qualified educational expenses. Come see us at Express if you are interested in opening an Educational IRA.