What Savings Account
is Best for Me?
Savings Account
Tailored To You
Beehive offers a variety of savings accounts. No two people's financial goals look the same, which is one of the reasons we value providing our members with multiple savings account options to choose from. With Beehive Credit Union, you can tailor your experience to fit your financial needs and goals.
Share Savings Account
Not to confuse them with Shared Accounts (that you share with another person), Share Savings accounts are exclusive to credit unions. “Share” refers to your share of ownership in the credit union. At Beehive FCU, restrictions are limited because we want to show our appreciation and support to all our members! It is a secure place to keep your money safe and can be accessed like a normal checking account.
By having a savings account, you own a share of Beehive Credit Union. Owning a share of the credit union is so much more than it sounds. Having a share means you become a part of a union that cares about the well-being of local families, is dedicated to community friendships, and has strong moral values.
Benefits of a Share Savings Account
- conveniently shared branching and ATM access (Over 5,000 shared branch locations and over 5,000 shared branch locations)
- dividends of 0.10% APY*
- becoming a part-owner of the credit union
- quick and convenient mobile app
- mobile deposit
- telephone banking
- and gain the right to vote for the board of directors
Student Savings Account
Student life is busy, so let Beehive Federal Credit Union simplify your finances with our Student Savings account. The Beehive Student Savings account is one of our services that work as hard as you do. Beehive’s Student Saving account is designed to help students like you save for school. This is all possible by offering members a 2% APY** with this account. So start contributing to your Student Savings account at Beehive and sit back and watch it grow.
Missionary Savings Account
The Beehive Missionary Savings account is unique from any other savings account. Tailored specifically to our credit union members, the Missionary Savings accounts allow parents to create this account for their children (between the ages of 0 and 20) and watch the balance grow into funds that can help pay for missionary service, college, etc.
Beehive's Missionary Savings offers a 3% APY*** Compounded Quarterly. With no withdrawal fees, your money can be easily accessed at any time for any reason. Setting up an automatic transfer with your Missionary Savings account can be an easy way to save money and have it grow automatically.
Pocket Change Savings Account
Pocket Change is a FREE special savings tool offered to all of our members exclusively at Beehive Federal Credit Union. Every time you make a purchase with your Beehive debit card, Pocket Change rounds up your purchases to the nearest dollar and puts that remaining “change” into a separate Pocket Change Savings account. Over time, your money will add up and grow.
The Pocket Change Account also has a 3% Annual Percentage Yield. This means it helps you gain a large percentage of interest, on top of saving money over time!
Certificates of Deposit (CDs)
A Certificate of Deposit, or CD, is a financial product offered by banks and credit unions. A CD usually has a fixed term, such as six months, one year, two years, or five years, and a fixed interest rate. When the term is up, the CD matures, and the customer can choose to renew it, roll over the money into a new CD, or withdraw the money and interest earned.
Certificates of Deposit (CD) are a simple way of investing your savings. You agree to keep a certain amount of money in an account for a certain amount of time and are rewarded with a higher rate of return than our savings accounts. Click here to see a chart that shows the different terms and rates of Beehive CDs.
Dedicated Savings Account
A Dedicated Savings Account is a savings account that is set up to specifically save for a future expense or goal. For example, you may open a Dedicated Savings Account to save for a down payment on a house, a new car, or even your child’s college education. You may also open a Dedicated Savings Account to save for a vacation, holiday expenses, or any other special purchase you are planning to make in the future.
Dedicated Savings Accounts can be a great way to save money because they help you focus on a specific goal. When you have a Dedicated Savings Account, you can see how much closer you are to reaching your goal every time you make a deposit. This can help keep you motivated to continue saving.
Bridal Registry
The Bridal Registry account is a savings account that lets you send all the information needed for your friends and family to deposit money into your account for your wedding day.
Getting married and combining finances can be stressful. When you open a Bridal Registry account, you can start off your financial future together with contributions from your friends and family, and even $25 from Beehive.
* Calculators are for estimation only. We do not guarantee an acceptance of credit.
** Account will earn a higher rate on the first $1,500 (currently 2%), and a balance over $1,500 will earn whatever our base share account is paying. The student must be the primary account holder and currently enrolled in school (proof of enrollment such as registration or class schedule).
*** Children age 0-20 are eligible. Deposit up to $100 a month via Beehive Checking account. Total deposit may reach up to $10,000.