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Savings

Savings

We’re here to get you there.

For whatever exciting thing you’re saving for, we’re here to help get you organized and get you there quicker. And because we’re a not-for-profit, it can be easier to earn more.

Stop by any branch location, or call a Member Service Representative at 269.673.5465 to get started. 

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Accounts

Travel Notice

Account Options

Amped Savings

5% APY*

  • High competitive dividend rate
  • No minimum balance 
  • No monthly fees

With our Amped Savings account, members can earn 5.00% APY* on balances up to $25,000! All you need is an active Amped Checking Account and a loan with Allegan Credit Union to be eligible.**

Regular Savings

0.10% APY*

  • $5 minimum balance
  • No monthly fees
  • Makes you a part owner of Allegan Credit Union!

Your $5 minimum deposit is your share of ownership of the credit union, and gives you voting rights at our annual meeting. Not to mention, it gives you access to all the other great products and services offered at Allegan Credit Union!

Special Savings

0.10% APY*

  • $5 minimum balance
  • No monthly fees
  • Perfect for budgeting!

Members may open Special Savings Accounts for budgeting purposes or to save for special purchases such as a vacation, wedding, new vehicle, college education, and more!

Holiday Club

0.10% APY*

  • No minimum balance
  • No monthly fees
  • Funds are held until November 1st of each year
  • Automatic rollover into Regular Savings

Would you like some extra money in your pocket when the holidays roll around? Us too. That’s why we have the Holiday Club account. There’s no minimum balance, you can deposit whenever you want—and those deposited funds will stay frozen in the account until October 1st of every year. Once the funds are made available, they will roll over into your Savings account, and you’ll be able to start putting money away for next year! 

Money Market

APY*: 0.70% = $0.00 - $24,999.99
APY*: 0.80% = $25,000.00 - $49,999.99
APY*: 0.90% = $50,000.00 - $99,999.99
APY*: 1.00% = $100,000+

Money Markets are high-interest savings accounts for members who maintain higher account balances.

CDs

CDs

Allegan Credit Union offers a variety of CDs to earn higher dividend rates for members with higher deposit balances.

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*APY = Annual Percentage Yield. Rates are accurate as of August 2, 2024 and may change after account opening. Fees can reduce earnings. Federally insured by NCUA. 
**Balances up to $25,000 receive 5.00% APY, and balances over $25,000.01 receive 0.01% - 5.00% APY. Fees may reduce earnings. The Annual Percentage Yield is accurate as of the last dividend declaration date. This rate may change after the account is opened. In order to earn the high dividend, the member must meet the following qualifications: Member must have an active Amped Checking Account and be meeting the requirements of that account monthly, and member must have a loan (Eligible loans include: Personal Loan, Auto Loan, VISA Credit Card, Home Equity Loan, Mortgage, or other loans) in good standing with the Credit Union. If the membership no longer has an active loan with the Credit Union, the member will have 30 days from the date the loan was closed out to open another loan with the Credit Union to keep the Amped Savings account active. If this is not done within the 30-day window, the Amped Savings account will be closed, and all funds in the account will be transferred to the member’s Regular Share. If the criteria for the Amped Checking account are not met for the month, the member will earn 0.01% APY on their funds.

Not a member yet?

Join today for serious benefits like no application costs or closing fees on home loans, plus so much more!

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