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Savings
How Our Basic
Savings Account
Works
Our Basic Savings Account helps you put away money faster than you thought possible. After just a $1 initial deposit, you can make deposits through payroll distribution, by direct deposit, online, by mail or face-to-face at one of our friendly store locations. You’ll earn dividends, be credited quarterly and qualify for other Grow products and services. You can even use your Basic Savings Account for overdraft protection on a Grow CashBack Checking Account or Checkless Checking Account.
How Grow Helps You Thrive
Opening a savings account with Grow means you’re in control of your money. We offer a variety of savings accounts to suit a variety of needs. Whether you need a straightforward savings account or want to watch your savings grow over several years, there’s an account that’s just right for you.
Competitive rates
High dividends
No minimum balance for our Money Market Accounts
Insured by NCUA
Open a Credit Union Savings
Account and Watch Your Money Grow
The first step in becoming a Grow Member is opening a Basic Savings Account. Once you’ve done this, we have several account options to help you manage and grow your money.
Choosing the Right Savings
Account For YouWe’ve made it easy for you to choose the right account based on how you want to save. Whether you’re looking for a safe place to keep your money or want to watch it grow over time, we have account options for you.
Youth Savings
The Bugg Club is a fun and unique way to help little ones learn the value of money and the importance of saving.
Health Savings Account
An HSA from Grow allows you to save tax-deductible contributions for qualified health expenses.1
Money Market & Certificate Accounts
You get some of our best rates with our Money Market & Certificate Accounts so your money can really grow.
Individual Retirement Accounts
Your retirement is out there, and our retirement accounts can help you grab onto it.2
Get Fit Account
Need a little motivation? Our Get Fit Account offers a higher APY than our Basic Savings Account and even gives you an incentive bonus for hitting your savings milestone.3
Club Accounts
Saving up for your next big moment? Our Club Accounts are perfect for setting aside money for specific milestones and events, from Christmas to college.
The Bugg Club is a fun and unique way to help little ones learn the value of money and the importance of saving.
Learn About Youth Savings
An HSA from Grow allows you to save tax-deductible contributions for qualified health expenses.1
Learn About Health Savings
You get some of our best rates with our Money Market & Certificate Accounts so your money can really grow.
Learn About Money Market Accounts
Learn About Certificate Accounts
Your retirement is out there, and our retirement accounts can help you grab onto it.2
Learn About Individual Retirement Accounts
Need a little motivation? Our Get Fit Account offers a higher APY than our Basic Savings Account and even gives you an incentive bonus for hitting your savings milestone.3
Learn About Get Fit Accounts
Saving up for your next big moment? Our Club Accounts are perfect for setting aside money for specific milestones and events, from Christmas to college.
Learn About Club AccountsWe’ll Help Your Savings Pile Up
You expect to earn a dividend on your savings, but we think these rates will be a pleasant surprise.
Savings Accounts Minimum Deposit Dividend Rate Annual Percentage Yield (APY) Basic Savings Account $1.00 0.15% 0.15%1 Club Account $5.00 0.15% 0.15%1 IRA Savings Account $0.00 0.25% 0.25%1 Roth IRA Savings Account $0.00 0.25% 0.25%1 Coverdell Education Savings Account $0.00 0.25% 0.25%1 Health Savings Account $0.00 0.10% 0.10%1 Get Fit Account $5.00 0.35% 0.35%2 Minimum Deposit $1.00 Dividend Rate 0.15% Annual Percentage Yield (APY) 0.15%1 1The APYs are accurate as of 07/05/2025 and may change without notice after the account is opened. Variable Rate. Fees could reduce earnings.
2Get Fit Account. The APYs are accurate as of 07/05/2025 and may change without notice after the account is opened. Variable Rate. Fees could reduce earnings. Minimum balance to open is $5. Maximum balance to open is $400. Minimum deposit per month is $20. Maximum deposit per month is $400, withdrawals are permitted. Bonus: When the account reaches $10,000, we will deposit $100 to that account within 90 days and your funds will be transferred to your Basic Savings Account. If more than $400 per month is deposited, the excess will be automatically transferred to your Basic Savings Account. If excess deposits have to be transferred 3 times to the Basic Savings Account, during a 12-month period, the balance of the account will be transferred to the Basic Savings Account. If you fail to deposit $20 per month for 3 months during a 12-month period, the funds in the account will be transferred to the Basic Savings Account.
Explore All the Ways We Can Help You Grow
Become a Grow Member
Grow Financial is a credit union, not a bank. That means we put people before profit and do all we can to help our members thrive.
Our Club Accounts Help You Save for Life’s Big Moments
We know you have big financial goals, so odds are, you save money for more than one thing at a time. And like most people, you probably have some specific life events on your horizon.
Save As You Spend
From extra convenience to cash back with every swipe, our checking accounts pair well with a savings account and are designed for your spending habits.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What does this mean for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Accounts are subject to approval.
1Determining eligibility for an HSA and the amounts contributed are strictly the responsibility of the member. Consult your tax advisor.
2Certain restrictions apply. Not all taxpayers are eligible. Consult your tax advisor.
3Get Fit Account. The APYs are accurate as of 07/05/2025 and may change without notice after the account is opened. Variable Rate. Fees could reduce earnings. Minimum balance to open is $5. Maximum balance to open is $400. Minimum deposit per month is $20. Maximum deposit per month is $400, withdrawals are permitted. Bonus: When the account reaches $10,000, we will deposit $100 to that account within 90 days and your funds will be transferred to your Basic Savings Account. If more than $400 per month is deposited, the excess will be automatically transferred to your Basic Savings Account. If excess deposits have to be transferred 3 times to the Basic Savings Account, during a 12-month period, the balance of the account will be transferred to the Basic Savings Account. If you fail to deposit $20 per month for 3 months during a 12-month period, the funds in the account will be transferred to the Basic Savings Account.
Fees: Please refer to our separate Fee Schedule.
