Your regular savings account is the key to all things Velocity. It keeps your credit union membership active, and all it takes is a minimum balance of $5.
Our rates are consistently among the best in the country, and your deposits are safe and secure with us. Member deposits are federally insured up to $250,000 by the NCUSIF, backed by NCUA and the full faith and credit of the United States government.
Choose the savings strategy that’s best for you:
Regular Savings
Dividends are calculated on daily balances of $100 or more, and are compounded and paid quarterly.
Service Fees: None
Dividends: Yes
Money Market Accounts
Money market accounts let you earn a generous dividend rate, but still access your money if you need it. Unlimited over-the-counter transactions are allowed, but you are limited to six pre-authorized withdrawals or transfers each month — all of which can be by check. A Money market account can be opened with a minimum deposit of $2,000. Dividends are paid on balances of $2,000 or more. Dividends are compounded daily and paid monthly. Rates are set on the first day of each month. Avoid the $10 monthly fee by keeping a minimum balance of $2,000.
Service Fees: None if balance remains equal to or greater than $2,000, otherwise $10
Dividends: Yes