Grow Financial Federal Credit Union


You'll Thank Yourself Tomorrow
For Saving Today

To us, saving isn’t about giving things up. It’s not about cutting out your morning coffee just so you can hand that money to a bank. At Grow, we think you should be able to have your latte and a new home, too. It’s about us investing our profits in you, with higher dividend rates on your savings so you can enjoy today while saving for tomorrow. It’s about offering a variety of accounts to fit your financial needs. We can even help you avoid account service fees, so you keep more and save faster.

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

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Low Rates

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High Dividends

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No minimum balance for our Money Market Accounts

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Insured by the NCUA

Open a Credit Union Savings Account and Watch Your Money Grow

We believe anyone can save, and with our higher dividend rates, we make saving easy and enjoyable. We’ll help you find the right account today so your money can flourish tomorrow.

How Our Basic Savings Account Works

With our Basic Savings Account, you’ll put away money faster than you thought possible. You start with a $1 initial deposit. Then, you can make deposits through payroll distribution, direct deposit, online, by mail or face-to-face at one of our friendly store locations. You’ll earn dividends and be credited quarterly. And, as a member you may qualify for other products and services. You can even use your Basic Savings Account for overdraft protection¹ on a Grow CashBack Checking Account or Checkless Checking Account.

Choosing the Right Savings Account For You

The first step in becoming a Grow member and starting to save is to open a Basic Savings Account. Once you’ve done this, we have several other account options to help you manage your money.

Best of all, we’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 if you want to watch it grow over time, we have account options that are just right for you.

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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.

Learn About Youth Savings
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Health Savings Account

An HSA from Grow allows you to save tax-deductible contributions for qualified health expenses.2

Learn About Health Savings
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Money Market & Certificate Accounts

You get some of our best rates with our Money Market & Certificate Accounts so your money can really grow.

Learn About Money Market and Certificate Accounts
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Individual Retirement Accounts

Your retirement is out there, and our retirement accounts can help you grab onto it.3

Learn About Individual Retirement Accounts
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Get Fit Account

Our Get Fit Account offers a higher APY than our Basic Savings Account and the added bonus of an incentive when you hit a savings milestone.

Learn About Get Fit Accounts

We’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 AccountsMinimum DepositDividend RateAnnual Percentage Yield (APY)
Basic Savings$1.000.10%0.10%4
Club Account$5.000.10%0.10%4
IRA Savings Account$0.000.25%0.25%4
Roth IRA Savings Account$0.000.25%0.25%4
Coverdell Education Savings Account$0.000.25%0.25%4
Health Savings Account$0.000.10%0.10%4
Get Fit Account$5.000.35%0.35%5

Explore All the Ways We Can Help You Grow

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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.

Learn More
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Your Questions Answered

We’ve answered some of our most commonly received questions to make sure you have everything you need to thrive.

Read Our FAQs
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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.

View Checking Accounts

Everything You Need To Grow

Read our blog to learn more about membership and everything else in the Grow world.

See All Blogs
December 20, 2021

Retirement? You’ve Got This

Individual Retirement Accounts can be a little tricky, but no worries. We have some materials with loads of info to help decide which IRA is right for you.

Learn More
September 9, 2021

Open a Money Market Account for Better Rates and Access to Your Money

If you’re looking to earn one of our most competitive rates but still be able to get your hands on your money when you need it, opening a Money Market Account is the perfect solution.

Learn More
May 13, 2021

How To Use the Budgets and Savings Goals Tools in Online Banking

If you use Grow online or mobile banking, we’ve got two convenient tools available to help you budget and save.

Learn More

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 this means 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.

Grow Savings Accounts are subject to ChexSystems® approval.

1A $5 fee will be charged each time funds are transferred from your Basic Savings Account to your checking account.

2Determining eligibility for an HSA and the amounts contributed are strictly the responsibility of the member. Consult your tax advisor.

3Certain restrictions apply. Not all taxpayers are eligible. Consult your tax advisor.

4The APYs are accurate as of 10/01/2022 and may change without notice after the account is opened. Variable Rate. Fees could reduce earnings.

5The APYs are accurate as of 07/01/2013 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 could reduce earnings.

6The APYs are accurate as of 02/01/2023 and may change without notice after the account is opened. This is a tiered account. Variable Rate Account. Fees could reduce earnings.

7The APYs are accurate as of 01/10/2023 and may change without notice. Fees could reduce earnings on the account. A penalty will be imposed for early withdrawals. If the account is opened with $100,000 or more, you must maintain a daily balance of $100,000 in your account each day to obtain the disclosed APY. If the account is opened with less than $100,000, you must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed APY. If your account falls below the minimum balance requirements, your account will be closed. Certain restrictions apply on IRAs.  Not all taxpayers are eligible. Consulate your tax advisor.

Fees: Please refer to our separate Fee Schedule.

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