Savings Accounts

Save money for what matters to you, faster

With SFCU savings accounts, you can create savings goals and track your progress online, so you always know how close you are to reaching your target. So whether you are saving for a summer vacation, holiday expenses, or more, it is easier than ever.

Open a Savings Account

No Monthly Service Fee

There are no monthly fees for having a Savings Account at SFCU, so you can focus on saving rather than paying.

Minimum Balance

Each member must have a primary savings with a minimum balance of $5, you can add as many additional savings accounts as you need with whatever amount works for you.

Save for Anything

With our savings accounts, you can save for anything you want. You can create a separate place to store funds for a specific goal. Then within online banking you can assign Nicknames to keep track of each account's purpose.

Rates

View rates

As high as APY*

Calculate your monthly savings

Let's see what your earnings could be.

Final Balance

Contributions: | Earnings:

Amount

Interest Rate

Monthly Contribution

Months

Minimum Opening Balance or Maintenance Fees

Put your money towards your goals, worry less

An SFCU savings account is the perfect way to start saving. You will not have to pay monthly maintenance fees and only need to maintain a $5 minimum balance in your primary savings account. Start saving at a pace that fits your budget.

Open a Savings Account

Save for Anything

Reach your short-term savings goals regardless of the occassion

With just a few clicks you can open an account to help you save for those exciting goals. Perhaps you want to save up for some home renovations, or you have a dream vacation you wish to take in the summer. With our competitive dividend rates, we can help you save more in a shorter amount of time to help you reach your goal.

Open a Savings Account

Frequently Asked Questions

Routing#: 221379905
The NCUA provides a handy Share Insurance Toolkit at mycreditunion.gov
Log into your account online and select ClickSWITCH from the ‘Account Services’ Menu. Follow the quick and easy steps to move your direct deposit or other recurring payments to SFCU.

If you need to set-up this up directly through your employer, here is all you need to do:
1. Provide Routing Number, which is 221379905
2. Provide your Account Number. DO NOT include the suffix. Ex. If your Account Number is 123456 and your checking account suffix is 0700, do not provide 123456-0700. Only provide 123456. Also, do not include any leading zeros.
3. If the form asks if the funds go to savings or checking, make your selection. If no selection is made AND you have an SFCU checking, the funds will be deposited into the checking account.
It’s as simple as 1-2-3. If you have any additional questions, select the chat option during virtual branch hours or call to speak with a representative.
You can find a detailed Service Fee Schedule here.
At SFCU, we know that choosing the right insurance is an important decision for your financial future. Through our partnership with TruStage, members have a variety of choices so that you can choose the plan that is right for you and your family. Our partners at TruStage offer our members options for life insurance, car insurance, homeowner’s insurance, renter’s insurance, and more.
You will need the following information to complete your online application:
- A Valid ID
  - This can be a valid driver’s license, a government issued photo ID, state ID, or military ID.
  - Youth Accounts Only: If minor does not have a valid driver’s license/permit. Color copy of birth certificate and/or social security card. We will also accept a copy of school identification, baptism certificate or medical card in the event both birth certificate and social security card are not available.
  - Save time by scanning the back of your driver’s license to prefill your application!
- Your Complete Physical Address
  - If your current address does not match your ID, we will need proof of your current physical address.
  - This can be a paystub, utility bill, tax bill, or vehicle registration that includes your name and current physical address on it.
- Funding Method
  - Your new account can be funded with a credit card, debit card (Discover, Mastercard or Visa) or be prepared with an account number and routing number.
- Adding Joint Owners or Beneficiaries?
  - You will need their name, address, date of birth and social security number. If you do not have that information at time of account opening, proceed with the application as an individual account and we can help you get them added later.
  - If adding a joint owner, we will also need a valid ID.
Parent/Guardian – Please provide one of the below:
- US/State Driver’s License/Permit or state ID card
- Interim ID accompanied by expired photo ID (no more than 60 days past expiration)
- US Passport or Passport Card
- US/State/County Sheriff’s ID
- NY State Benefits Card with photo
If the address on your ID does not have your current physical address or does not contain an address we must obtain proof.
- Recent paystub (last 30 days)
- Recent Utility Bill with service address (last 30 days)
- Recent cell phone bill (last 30 days)
- Current vehicle registration or vehicle insurance card
- Current lease with landlord & renter’s signature
- Current year property tax receipt/bill or deed
Minor
- Color copy of IRS issued Social Security Card
- Color copy of Birth Certificate
Additional options if the above are not available:
- School Identification
- Baptism Certificate
- Medical Card
Funding Method
- Your new account can be funded with a credit card, debit card (Discover, Mastercard or Visa) or be prepared with an account number and routing number.
Adding Joint Owners or Beneficiaries?
- - You will need their name, address, date of birth and social security number. If you do not have that information at time of account opening, proceed with the application as an individual account and we can help you get them added later.
  - If adding a joint owner, we will also need a valid ID.

Excellent customer service!! SFCU provides that small town service which is very hard to find these days.

— Pam W

How it works

Start saving for your goals right away with just a few steps.

1
Open an account

Apply for an account online or in-person at one of our branches.
2
Deposit regularly

Set-up direct deposit. The more you deposit, and the more frequently you deposit, you can reach your goals sooner.
3
Achieve your goal

With competitive rates, your savings can grow quickly to have more funds for the things you want, from a vacation, to holiday shopping expenses, and more.

Open a Savings Account

Have a question? Get in touch with us

Save for what you want the simple way

Experience the freedom to save for nearly any goal you can imagine. Save without worrying about paying fees or maintaining a minimum balance.

Open a Savings Account

Savings Account Rates

Type of Account

Minimum Balance to Open

Average Daily Balance Required to Obtain Annual Percentage Yield (APY)

Dividend Rate (APR)

Annual Percentage Yield (APY)

Savings

$118

0.05%

Escrow - (SFCU Mortgages)

N/A

$118

0.05%

Club

N/A

$118

0.05%

Money Management

$2,500

0.07%

Money Management

$5,000

0.10%

Money Management

$10,000

0.15%

Rates effective as of: May 21, 2025

Membership eligibility required.

APR= Annual Percentage Rate. Dividends are calculated by the average daily balance (ADB) method.

APY = Annual Percentage Yield.

Fees may reduce earnings on account.

All rates are subject to change at any time. Membership Par Value: to establish a new membership at SFCU a minimum of $5.00 (par value) is required to be deposited and maintained in your primary savings.

Save money for what matters to you, faster

No Monthly Service Fee

Minimum Balance

Save for Anything

Rates

Calculate your monthly savings

Final Balance

Put your money towards your goals, worry less

Reach your short-term savings goals regardless of the occassion

Frequently Asked Questions

How it works

Save for what you want the simple way

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