A savings account lets you store cash securely and earn interest on your money. With a competitive rate of return, you can keep your money safe and get quick access to it in case of an emergency.
While you’re keeping your money from burning a hole in your wallet, it’s earning interest in the savings account. In a sense, you’re lending the credit union this money so it can turn around and offer loans to other members, and we pay you a little bit as a thank you. That’s the credit union spirit!
Your earnings from interest alone won’t be enough to save for the unexpected; add to your savings with every paycheck so you’re well-prepared. Ideally, your savings account should cover three to six months of expenses. Consider enrolling in Direct Deposit depositing to watch your savings grow.
Not only is this account the key to your credit union member benefits, it can be a basic, valuable tool for building wealth and maintaining a safety net. It takes just $25 to open and maintain a Riverside Share Savings account. (Bear in mind that dipping below a minimum can trigger a fee.)
Open your Share Savings account by applying to be a member here.
With all Riverside deposit accounts, your money is insured up to $250,000 through the National Credit Union Administration (NCUA).
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