Savings Account Rates
APY Effective 5/14/2026*
5.12
%
APY
Member Advantage Savings
On the first $500
0.20
%
APY
Member Share and Savings
Savings Accounts and Membership
You'll receive our standard, simple savings account1 as part of your BECU membership. This account establishes your membership and makes you a member-owner of the credit union, giving you access to all BECU products like checking accounts, loans2 and credit cards.3
Savings Accounts with No Maintenance Fees or Minimums
- No minimum balance.
- No monthly maintenance fees.
- Nationwide access to 77,000+ surcharge-free network ATMs.
Manage Your Savings Online
Online and mobile banking for everyday access
BECU's online banking and mobile app4 give you 24/7 access to view balances, transfer money, and view statements on all of your BECU accounts. You can set up alerts for low balances or large transactions.
Tools that make saving easier
- Save-Up: Rounds up debit card purchases and transfers the difference to savings.
- Money Manager: Tracks spending patterns across all your accounts and helps identify areas where you're overspending.
- BECU Envelopes: Organizes savings into goal-based categories within one account.
Compare BECU Savings Accounts
Simple savings account
Member Share Savings is our simple savings account, core membership account with no maintenance fees, no minimums, and straightforward access. It's designed for general-purpose saving without requiring you to meet qualifying conditions.
Higher interest savings account
Member Advantage Savings is our higher interest savings account but requires qualifying for Member Advantage. This account offers higher rates on part of your balance than the standard savings when you meet monthly qualifications.
To maintain your higher Member Advantage Savings rate, see the qualifications. Member Advantage may also qualify you for better rates on CDs, IRAs and Money Market accounts.
Savings accounts for kids and teens
Early Saver5 accounts are our savings accounts designed for members under age 18 to help them develop saving habits early. Early savers will even earn a premium interest rate on the first $500 deposited in the account!
Open a Savings Account
Open a savings account online and grow your savings
You can start your application online and complete it in 10-15 minutes. Gather your Social Security number, government-issued photo ID, and contact information before you begin. Submit the form and BECU will verify your eligibility. Once approved, access your account immediately through online banking.
Open in person or with support
You can visit any BECU Neighborhood Financial Center to open an account in person. Video Banking is available Monday-Friday 8 a.m.-6 p.m. Pacific Time. Phone support is available at 800-233-2328.
Savings Account FAQs
Member Advantage Savings, money market accounts, and Certificates of Deposit (CDs) all offer competitive rates. Check current deposit rates or in the Account Disclosure to compare options.
To open a savings account online, simply join BECU. You will fill out the form with your personal information and verify your ID.
No, BECU doesn't charge monthly maintenance fees on any savings accounts.
Yes, deposits are insured by the NCUA up to $250,000 per depositor. This protects your money if the credit union fails. It's similar to the protection that FDIC offers at banks. The coverage is automatic.
There's no minimum deposit required to open a BECU savings account in person. Online, a $10 deposit is required to open your account. After opening, there's no minimum balance requirement either.
Savings Related Resources
- BECU Switch Kit: How to move your accounts from another bank
- Member Advantage Program: Requirements for getting the higher rates
- Money Manager: Guide to the budgeting and tracking tools
- BECU Envelopes: How to set up goal-based savings categories
- CD Strategies: When CDs make sense and how to use them
- Early Saver Program: Opening and managing accounts for kids
- Financial Education Blog: General articles on saving and budgeting
1A Member Share savings, Member Advantage savings or Early Saver account is required to establish membership. Not everyone will qualify.
2Financing is subject to BECU membership, credit approval, and other underwriting criteria; not every applicant will qualify.
3Approval subject to BECU membership, credit approval and other underwriting criteria; not every applicant will qualify. Credit Card programs, services, rates, terms and conditions are subject to change without notice. Contact BECU for the most current information. Your APR will vary with the market based on the Prime Rate. Please refer to the Credit and Security Agreement for the terms and conditions, fees, and charges, and other information regarding your credit card account.
4Airtime, roaming, data usage and minutes of use may be billed by your mobile provider.
5Limit one Early Saver Account per person, may not be older than 18 years old, Online Banking and eStatements are not available to anyone under 13 years old, eligibility and benefits subject to change. Must have a parent or legal guardian as the joint account holder.