Savings
Savings is the foundation of good financial health. Whether you’re saving for a new home, retirement, or just a rainy day, savings can help you get ahead and be prepared for whatever comes your way—expected or unexpected.
Savings Accounts
At Neighbors, we’re committed to supporting the St. Louis community in achieving their savings goals. Explore our options to find an account to help you meet your savings goals!
Savings Accounts
Looking for a basic account to start or simplify your savings habit? Our regular savings accounts offer:
- Earned Interest: Boost the power of every dollar saved with our competitive interest rates.
- Easy Mobile Access: Check out your statements and transactions or make transfers between accounts using Neighbors online and mobile banking.
- Neighbors Credit Union Membership: Not a member yet? Open a savings account for just $1 and enjoy the benefits of being a member of Neighbors Credit Union.
- Holiday Savings Options: Our Holiday Savings program is a great way to stay ahead of holiday spending.
Certificates of Deposit (CDs)
Ready to take your savings to the next level? CDs from Neighbors offer:
- Higher Interest: Elevated interest rates can grow your savings faster.
- Guaranteed Returns: Lock in your great rate when you open your CD account.
- Tailored Options: Work with a member of our team and choose a term length and interest rate that meets your goals (and your budget!).
- Low Minimum Deposit: Open your CD with as little as $1000—or start with our $100 Investment CD Builder program to work your way up, one month at a time.
Individual Retirement Accounts (IRAs)
Whether you’re self-employed or are looking to boost your retirement savings, our IRAs offer a simple solution—with tax advantages!
- Traditional IRAs, Roth IRAs, and Coverdell Education Accounts: Choose the account that best suits your current financial needs and future plans.
- Tiered Interest: The more you save, the more interest you can earn.
- Tax Savings: Reduce your tax burden today—or in retirement. Our team can help you select the account with the best tax benefits for your unique financial situation.
- Coverdell Accounts: In addition to retirement IRAs, we offer Coverdell Accounts to help you save for educational expenses.
Money Market Accounts
Get the benefits of higher interest combined with the accessibility of a checking account.Open an account today to enjoy:
- Flexibility: Write checks and make ATM deposits and withdrawals for easy access to your funds.
- Low Balance Requirements: Open an account with as little as $2,000.
- Tiered Interest: Higher balances get higher interest rates.
How to Open a Savings Account
Eligibility
Neighbors Credit Union serves all those who live or work in St. Louis City, St. Louis County, St. Charles County, and Jefferson County (MO) as well as St. Clair County, Madison County, and Monroe County (IL) and businesses located in these areas.
We also serves the immediate family members of our members and career U.S.P.S. employees of all 1st, 2nd, and 3rd class post offices and bulk mail centers in the above qualifying counties.
Application Process
Your Neighbors Credit Union membership begins with a Regular Savings Account. All members are required to open and maintain a minimum $1 balance in this account.
To apply for a new account at Neighbors, be sure to have:
- Opening Deposit: You’ll need a $1 deposit for your required regular savings account, plus any other minimum deposits for additional accounts that you would like to open.
- Your Personal Information: Just your name, address, phone number, and social security number.
- Identification: Have a current state-issued photo ID.
Complete your application online or schedule an appointment to apply in person at your local branch!
Explore Our Savings Options Today
Ready to begin your new savings plan with Neighbors Credit Union? With federal and private insurance totaling at least $500,000 per account, trust us to provide a secure shelter to grow your nest egg.
Compare our savings account options above to find the right account for your needs or schedule an appointment at your neighborhood branch to learn more about your choices and open an account with us.
