Savings Accounts

Your money works harder for you at Alabama Credit Union.

Thanks to the not-for-profit structure of Alabama Credit Union, our share savings accounts generally earn higher rates of return than similar accounts at for-profit financial institutions. As a not-for-profit, we don't share money with stockholders like a bank, we return profits to members like you -- through higher savings dividends and lower loan rates. 

By opening a savings account at Alabama Credit Union, you are establishing membership with us and can take advantage of all that the credit union has to offer including our FREE checking account

Declaration Date: For calendar quarter ending June 30, 2015

Compare Products

  • Minimum Balance to Open Account:
  • Dividend Compounded:
  • Dividend Rate:
  • Annual Percentage Yield (APY):

Christmas/Vacation Club Account

  • $0
  • Quarterly
  • .25 %
  • .26 %

Organizational Savings Account

  • $25.00
  • Quarterly
  • .25 %
  • .26 %

IRA Savings Account

  • $0
  • Quarterly
  • .25 %
  • .26 %

Share Savings Account   

Alabama Credit Union savings (share) accounts pay dividends, calculated on daily balances credited and compounded quarterly, at a rate determined by the Board of Directors. Due to the not-for-profit nature of the credit union structure and philosophy, savings accounts generally earn higher rates of return than similar accounts at other financial institutions. Electronic or automatic withdrawals and transfers are limited to three per month. Savings account dividends  are declared after the end of each quarterly period.

Christmas/Vacation Club Account   

With no minimum balance, no monthly service fee, and the same dividend rate paid on our regular savings accounts, you'll be able to get started easily and watch your savings grow (payroll deduction or direct deposits into your account is the best way to reach your savings goals!). 

In November, Christmas Club account holders will receive a deposit into their savings or checking account for the balance held in their Christmas Club accounts so they can get their shopping underway while selections are best. (And there's no need to visit our office each year to set up your new Christmas Club account as long as you keep your regular deposits arriving in your account. However, if you haven't resumed deposits by May 1, you will need to visit us to open a new Christmas Club account.) Vacation Club account holders can receive their funds anytime they choose.

Organizational Savings Account   

Stay on top of your club or registered student organization's finances with an organization account from Alabama Credit Union! Alabama Credit Union’s Organization Account comes with the same great benefits as our Share Savings account.

We’ll need the following information for every person who will be a signer on the account before we can activate your organization’s account.

  • Photo IDs
  • Social Security or tax ID numbers
  • Signatures

Alabama Credit Union also offers special Organizational Accounts for UA and UAHuntsville student groups.  For further information about these accounts please visit an Alabama Credit Union branch