Join the club for smart savers. Just pick your goal — home, vacation, or the holidays — we’ll help you do the rest.
Key Features
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Competitive Dividends1
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No Monthly Fees
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Digital Banking
Home Buyer Club
- Set aside little by little, year-round for buying your first home
- Helps you separate your savings from other accounts
- Competitive dividends on entire balance1
- $50 minimum balance to remain open
- No monthly service fee
- Receive up to a $500 credit towards closing cost when you finance your home purchase with Electro and use funds in the account for the down payment2,3
- Make deposits at any time, in any amount you feel comfortable with
- Set up automatic deposits to accelerate your savings
- $50 minimum deposit to open
- Federally insured by the NCUA up to $250,000
1Monthly dividend rate may change. See current rates.
2To qualify for the $500 credit towards closing cost:
- Funds in Home Buyer Club must be on deposit for a minimum of 3 months
- First Mortgage Loan for home purchase must be approved and closed with Electro Savings Credit Union
- This credit is not valid for external financing
3The principal amount is always yours, but in order to encourage saving for a home purchase, there is a penalty for withdrawing funds not used for a home purchase.
Vacation Club
- Avoid vacation-induced debt and stress by saving little by little, year-round
- Competitive dividends on entire balance1
- Make deposits at any time, in any amount you feel comfortable with
- No monthly service fee
- No minimum balance requirements
- One withdrawal per quarter allowed
- Direct deposit available
- No minimum deposit to open
- Federally insured by the NCUA up to $250,000
1Monthly dividend rate may change. See current rates.
Holiday Club
- Take the stress out of the holidays when you save year-round for them
- Competitive dividends on entire balance1
- Make deposits at any time, in any amount you feel comfortable with
- No monthly service fee
- No minimum balance requirements
- Funds automatically released to your savings account on October 1st of each year so you have it available for year-end expenses or holiday shopping2
- Direct deposit available
- No minimum deposit to open
- Federally insured by the NCUA up to $250,000
1Monthly dividend rate may change. See current rates.
2Early withdrawal will result in a penalty.