Scott Credit Union Savings Accounts

Save with competitive interest rates at SCU. We’re with you, for every financial stage of life.

Looking for credit union savings accounts, or just more information?

Select the button below to jump to the account type or information you’re looking for. Then, get in touch with an SCU representative to talk about your needs. We’ll help you find the right solution that helps you fund your financial future.

Start Saving

Save money with a SCU share account

Find Youth Savings

Youth and young adult accounts and programs

Join the Classic Club

Added benefits for our members age 65+

Open an HSA

Save for medical expenses with an HSA

Money Markets and Share Certificates

Explore investments and IRA options

Share Savings Accounts

Your savings account means more at Scott Credit Union. Every SCU member sets up a Scott Credit Union savings account with a minimum $5 deposit when they join.

Here’s what you can expect from that no-fee account:

  • Earn more on your account balance
  • No monthly maintenance fees
  • No maximum balance
  • Easy access to your accounts through SCU Online and SCU Mobile
  • Low minimum balance of only $5.00
  • eStatements & eAlerts

Join today and open your Scott Credit Union share savings account by clicking the button below. Then, use the SCU savings calculator to start creating your personalized savings plan.

savings - Share Savings Accounts
Youth Savings Accounts

At SCU, we make financial education and smart choices fun, building a foundation for healthy money decisions for members of all ages. Start your kids and teens off on the right financial foot with youth savings accounts through the SCU Kidz Club or Teen Share.

Scott Credit Union’s Kidz Club and Teen Share Accounts earn a higher rate than our regular share savings accounts on the first $1,000 and reward youth members for good grades through SCU’s Great Grades Program.  Plus, youth members have the opportunity to open Share Certificates with a lower minimum balance – only $500 – so they can earn even more on their money.

Accounts are accessible through SCU Online and SCU mobile. Check out the account features, then bring the kids in so they can start saving.

savings - Kidz Club Share Account
Kidz Club Share Account

Our Big Barkers Kidz Club makes saving fun for kids ages 12 and under.

Kidz Club Accounts feature:

  • Free Big Barkers Kidz Club membership for ages 12 and under
  • Earn a higher rate on the first $1,000
  • Low minimum balance of only $5.00
  • No monthly maintenance fees
  • No maximum balance
  • Get rewarded with our Great Grades Program
  • A lower minimum balance of $500 for Share Certificates
  • Easy access to your accounts through SCU Online and SCU Mobile
  • eStatements & eAlerts
savings - Youth Savings Accounts
Teen Share Account

Scott Credit Union’s Teen Share Accounts help teach young adults ages 13 to 17 the importance of saving money to reach financial goals. Whether saving for a first car or a college education, our Teen Share Accounts are the best saving accounts for students and the perfect tool to help young people learn the value of saving. Plus, a Teen Share account is a great way to introduce your teen to smart money management when they open a Student Debit Checking Account.

Teen Share Accounts feature:

  • Earn a higher rate on the first $1,000
  • Low minimum balance of only $5.00
  • No monthly maintenance fees
  • No maximum balance
  • Get rewarded with our Great Grades Program
  • A lower minimum balance of $500 for Share Certificates
  • Easy access to your accounts through SCU Online and SCU Mobile
  • eAlerts & eStatements
savings - Teen Share Account
SCU Great Grades Program

You work hard to get an education, and Scott Credit Union wants to reward your efforts. Bring your end-of-semester report card or transcript to one of our branches to show us your great grades. We’ll deposit $2 for every “A” on your report card into your share savings account at Scott Credit Union.

Deadlines to redeem:

  • Bring in your July-December report card by January 31 the following year
  • Bring in your January-June report card by July 31 of that year

Rules:

  • Earn a maximum of $10 per semester (fall and spring)
  • Grade must be an “A” or whatever the highest score is on the school’s grading scale (E, 3, etc.)
  • Student must be a member of Scott Credit Union
  • Offer is available to students of all ages
savings - SCU Great Grades Program
Classic Club

Scott Credit Union membership gets even better with age. If you are 65 or older with a Checking and Share Savings Account, your savings get sweeter when you are automatically upgraded to Scott Credit Union’s Classic Club.

Classic Club Share Account features:

  • Free checkbook balancing assistance
  • Free check order once per year
  • Free wire transfers
  • Waived automobile license sticker renewal fee
  • Free money orders
  • Free cashier’s checks
  • Free notary service and signature guarantee
  • Free fax service
  • Free photocopy service – limit 50 copies, per visit
  • Free and easy access to accounts through SCU Online and SCU Mobile
  • Free Online Bill Pay
  • eStatements & eAlerts1
  • APR discount on any auto loan. View current Scott Credit Union interest rates
  • No monthly maintenance fees
  • Low minimum Share Savings Account balance of only $5.00
  • No minimum Checking Account balance

1Message and data rates from your carrier may apply. 

2APY=Annual Percentage Yield. Balances over $1,000 earn the same rate as the Share Savings accounts, view current Scott Credit Union interest rates.

savings - Classic Club
Holiday Club

Use Scott Credit Union’s Holiday Club Account to set aside money for holiday shopping, travel, home improvements, or whatever you’d like to save for. Plus, you’ll earn interest on your savings and maximize your purchasing power.

The Holiday Club Account is convenient and simple. You can make regular deposits through payroll deduction, online transfers, by mail, or stopping by your favorite local branch. Plus, you have the flexibility to withdraw the money whenever you need it.

Holiday Club Account features:

  • Earn on your account balance. View current Scott Credit Union interest rates
  • No monthly maintenance fees
  • Low minimum balance of only $5.00
  • No maximum balance
  • Easy access to accounts through SCU Online, SCU Mobile, and all SCU branches
  • Free eStatements and eAlerts
Travel Club Holiday Club image
Health Savings Accounts (HSA)

Save money by saving your pre-tax income in a Health Savings Account. SCU offers individual or family HSA options with different maximum annual contributions. HSA funds may be used for qualified medical expenses, such as doctor visit co-pays, over-the-counter medical supplies, and prescriptions. Plus, when you set up your HSA through Scott Credit Union, you’ll earn interest on your tax-deductible contributions to help even more with medical expenses your High-Deductible Health Plan (HDHP) doesn’t cover.

If you would like to open a HSA, please stop by any of our locations and we will be glad to help you. Please note that HSA’s cannot be opened online at this time.

  • Interest earning account
  • No minimum balance requirement
  • No monthly fee
  • Debit card – to pay for qualified medical or health care expenses
  • Online access
  • Free eAlerts & eStatements1

1Message and data rates from your carrier may apply.

  • Tax deductions are realized on a pre-tax basis as soon as you contribute to your HSA Account1
  • Lower health insurance premiums in a HDHP
  • Control the way your health care funds are spent and invested
  • Protection from high or unexpected medical bills
  • Withdrawals from your HSA for qualified medical expenses are tax-free
  • Money saved in your HSA account can be used toward qualified medical expenses or for future needs that may arise
  • Funds remain in your HSA from year to year. There are no “use it or lose it” rules that apply to HSAs.

1This information is not intended as tax advice. Please consult a tax professional.

  • All medical expenses
  • Doctor visits
  • Dental care
  • Long-term care
  • Health care coverage when unemployed
  • Prescriptions
  • Hospital stays

Any adult can open a Health Savings Account if they:

  • Have coverage under an HSA-qualified “high-deductible health plan” (HDHP)
  • Have no other first-dollar medical coverage (other types of insurance like specific injury insurance or accident, disability, dental care, vision care, or long-term care insurance are permitted)
  • Are not enrolled in Medicare
  • Cannot be claimed as a dependent on someone else’s tax return
Savings Account Interest Rates
Account TypeDividend RateAPY1
Share Savings0.349%0.350%
Youth Share Savings2 (Kidz Club and Teen Share)0.449%0.450%
Holiday Club 0.349%0.350%
Rates effective as of February 1, 2023.

1APY = Annual Percentage Yield. Dividends are paid on Share Savings, IRA Share, and Holiday Club Share accounts with balances of $100 or more.
2Minor Share accounts earn the same APY as regular shares on balances over $1,000.
Access Your Share Accounts

Your Scott Credit Union share savings account is accessible via both SCU Online & SCU Mobile, giving you quick access to check balances, create transfers, and view your transaction history. You also have access to your account at any of our convenient local branches

Money Markets

A higher-yielding savings alternative to our standard Share Account, the SCU Money Market Account can be used to reserve money for just about any personal need. Your funds are federally insured to at least $250,000 by the NCUA. There is no minimum to open the account.

TierDividend RateAPY 1
Up to $2,499.991.79%1.80%
$2,500.00 – $9,999.991.93%1.95%
$10,000.00 – $24,999.991.93%1.95%
$25,000.00 – $49,999.991.98%2.00%
$50,000.00 and more2.03%2.05%
1APY=Annual Percentage Yield
  • Variable Rate – Your dividend rate and Annual Percentage Yield may change. At our discretion we may change the dividend rate at any time.
  • Compounding and Crediting – Dividends will be compounded monthly and credited to your account on the last day of each calendar month.
  • Dividend Period – The dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates.
  • Effect of Closing Account – If you close your account before dividends are credited, you will forfeit all accrued dividends for that period.
  • Daily Balance Computation Method – Dividends are calculated by the daily balance method, which applies a daily periodic rate to the current balance in the account each day.
  • Accrual of Dividends on Noncash Deposits – Dividends will begin to accrue on the first business day after you deposit noncash items (for example, checks) to your account.
  • Transaction Limitations – During any statement period, you may not make more than six withdrawals or transfers to another account of yours at the credit union or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure.
Share Certificates

If you can spare $1,000, a certificate is a great way to earn a better guaranteed return on your money. A Scott Credit Union certificate gives you a better rate than you would get in a savings account because that money can’t be withdrawn for a set period of time.

Find the certificate that is right for you using our rates tab and then open your account online, stop by one of our convenient locations, or open your account over the phone by calling our Member Service Center at (618) 345-1000.

Share Certificate features:

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Minimum DepositTermDividends CompoundedBalance MethodDividends PaidAPY1
$2,5006 MonthsMonthlyDailyMonthly4.500%
$1,0001 YearQuarterlyDailyQuarterly4.250%
$1,00018 MonthsQuarterlyDailyQuarterly4.000%
$1,0002 YearsQuarterlyDailyQuarterly3.750%
$1,00030 MonthsQuarterlyDailyQuarterly3.200%
$1,0003 YearsQuarterlyDailyQuarterly3.300%
$1,0004 YearsQuarterlyDailyQuarterly3.400%
$1,0005 YearsQuarterlyDailyQuarterly3.500%
Minimum DepositTermDividends CompoundedBalance MethodDividends PaidAPY1
$50,0006 MonthsMonthlyDailyMonthly4.500%
$50,0001 YearQuarterlyDailyQuarterly4.250%
$50,00018 MonthsQuarterlyDailyQuarterly4.000%
$50,0002 YearsQuarterlyDailyQuarterly3.750%
$50,00030 MonthsQuarterlyDailyQuarterly3.350%
$50,0003 YearsQuarterlyDailyQuarterly3.450%
$50,0004 YearsQuarterlyDailyQuarterly3.550%
$50,0005 YearsQuarterlyDailyQuarterly3.650%
Minimum DepositTermDividends CompoundedBalance MethodDividends PaidAPY1
$100,0006 MonthsMonthlyDailyMonthly4.500%
$100,0001 YearQuarterlyDailyQuarterly4.250%
$100,00018 MonthsQuarterlyDailyQuarterly4.000%
$100,0002 YearsQuarterlyDailyQuarterly3.750%
$100,00030 MonthsQuarterlyDailyQuarterly3.400%
$100,0003 yearsQuarterlyDailyQuarterly3.500%
$100,0004 YearsQuarterlyDailyQuarterly3.600%
$100,0005 YearsQuarterlyDailyQuarterly3.700%
These rates are effective as of February 6, 2024.

1APY = Annual Percentage Yield. All certificates will be automatically renewed at maturity at the rate of interest in effect on the renewal date for successive periods equal to the original term unless the certificate is presented for payment on or within 10 days after the maturity date. By default, dividends compound unless the member elects to have dividends disbursed to a savings or checking account.
Except for withdrawal of dividends, a penalty will be imposed for withdrawal of funds before the original maturity date, or any successive maturity date of a certificate.
* If the original or subsequent term of the certificate is 91 days or less; all dividends will be forfeited.
* If the original or subsequent term of the certificate is greater than 91 days, but 12 months or less; the lesser of an amount equal to 90 days dividends or all dividends already paid will be forfeited.
* If the original or subsequent term of the certificate is greater than 12 months (but less than 48 months); the lesser of an amount equal to 182 days dividends, or all dividends already paid will be forfeited.
* If the original or subsequent term of the certificate is 48 months or greater, the lesser of an amount equal to 365 days dividends, or all dividends already paid will be forfeited.

1APY = Annual Percentage Yield.
2All certificates will be automatically renewed at maturity at the rate of interest in effect on the renewal date for a successive period equal to the original term unless the certificate is presented for payment on or within 10 days after the maturity date

Individual Retirement Accounts (IRA)

Scott Credit Union IRAs can be the answer to some tough questions regarding your future retirement income. Whether your goal is to defer taxes, save for your child’s education, or simply to prepare for retirement, we have the IRAs to meet your needs. If you are changing jobs and need to rollover your 401k into an IRA, we can help with that, too.

IRA features:

  • High IRA Certificate rates. View current Scott Credit Union interest rates
  • No minimum deposit and no monthly maintenance fees
  • Contributions may be tax deductible, helping to reduce your current tax burden
  • Flexible options for our IRA Certificates

We offer two ways for you to grow your Scott Credit Union IRA Account:

IRA Share Account. Our Traditional IRA Share Account allows for you to earn APY1 on balances of any amounts. View current Scott Credit Union interest rates. There is no minimum balance and no monthly maintenance fees. It also gives you some flexibility if you would need quick access to the money.

IRA Certificates. These allow you to invest your IRA funds into different certificates terms from 1 year up to 5 years. Typically, you will earn a higher rate with a longer term IRA. We also offer a higher rate for higher balance accounts.

Traditional IRA

These are best if you would like to reduce your taxable income now, and you don’t plan on making withdrawals until retirement. You don’t pay taxes until you take money out, which typically occurs after you are retired and in a lower income tax bracket.

Roth IRA

You would like more flexibility for withdrawals, you want the ability to grow your contributions tax-free, or you plan to work past the age of 70. Roth IRA contributions are taxed before your contribution, so you don’t have to pay taxes when you take your money out of the account.

Education Savings IRA

An ESA IRA is a savings arrangement in which contributions are invested for the purpose of funding a student’s education. Contributions are not tax-deductible, but they may earn interest tax-deferred until distribution.

IRA Share Rates
Balance TierDividend RateAPY1
$100-$9,999.990.349%0.350%
$10,000-$24,999.990.449%0.450%
$25,000-$49,999.990.598%0.600%
$50,000 and Over0.747%0.750%
1APY = Annual Percentage Yield. Rates are accurate as of February 1, 2023.
Rates may change at any time.
Fees may reduce earnings.
Dividends are paid on Shares with balances of $100 or more.
Scott Credit Union CD Rates
Minimum DepositTermDividends CompoundedBalance MethodDividends PaidAPY1
$5001 yearQuarterlyDailyQuarterly4.250%
$50018 MonthsQuarterlyDailyQuarterly4.000%
$5002 yearsQuarterlyDailyQuarterly3.750%
$50030 MonthsQuarterlyDailyQuarterly3.200%
$5003 yearsQuarterlyDailyQuarterly3.300%
$5004 yearsQuarterlyDailyQuarterly3.400%
$5005 yearsQuarterlyDailyQuarterly3.500%
Minimum DepositTermDividends CompoundedBalance MethodDividends PaidAPY1
$50,0001 yearQuarterlyDailyQuarterly4.250%
$50,00018 MonthsQuarterlyDailyQuarterly4.000%
$50,0002 yearsQuarterlyDailyQuarterly3.750%
$50,00030 MonthsQuarterlyDailyQuarterly3.350%
$50,0003 yearsQuarterlyDailyQuarterly3.450%
$50,0004 yearsQuarterlyDailyQuarterly3.550%
$50,0005 yearsQuarterlyDailyQuarterly3.650%
Minimum DepositTermDividends CompoundedBalance MethodDividends PaidAPY1
$100,0001 yearQuarterlyDailyQuarterly4.250%
$100,00018 MonthsQuarterlyDailyQuarterly4.000%
$100,0002 yearsQuarterlyDailyQuarterly3.750%
$100,00030 MonthsQuarterlyDailyQuarterly3.400%
$100,0003 yearsQuarterlyDailyQuarterly3.500%
$100,0004 yearsQuarterlyDailyQuarterly3.600%
$100,0005 yearsQuarterlyDailyQuarterly3.700%
These rates are effective as of February 6, 2024.

1APY = Annual Percentage Yield. All certificates will be automatically renewed at maturity at the rate of interest in effect on the renewal date for successive periods equal to the original term unless the certificate is presented for payment on or within 10 days after the maturity date. A penalty will be imposed for withdrawal of funds before the original maturity date, or any successive maturity date of a certificate.
* If the original or subsequent term of the certificate is 91 days or less; all dividends will be forfeited.
* If the original or subsequent term of the certificate is greater than 91 days, but 12 months or less; the lesser of an amount equal to 90 days dividends or all dividends already paid will be forfeited.
* If the original or subsequent term of the certificate is greater than 12 months (but less than 48 months); the lesser of an amount equal to 182 days dividends, or all dividends already paid will be forfeited.
* If the original or subsequent term of the CD is 48 months or greater, the lessor of an amount equal to 365 days dividends, or all dividends already paid will be forfeited.