Types of Savings Accounts

Learn more about your options for saving.

Our Share Savings account establishes you as a Cobalt Credit Union member. We also provide club savings, money market accounts and certificates (CDs).

 Open your savings account

Share Savings 

Our Share Savings account establishes you as a Cobalt Credit Union member. 

  • Free ATM card 
  • Borrow against your account balance 
  • Minimum opening deposit of $5 
  • Dividend rates compounded quarterly 
  • 3 free withdrawals per month 


Back to Top     Check Rates     Open Account

Vacations/Holiday Club  Types of Savings Accounts: Club Accounts - Vacation or Holiday Club

Save for holiday shopping, summer vacation or other seasonal expenses. 

  • Minimum opening deposit of $10 

  • Dividend rates compounded annually 

  • Vacation Club accounts mature on May 1st 

  • Holiday Club accounts mature on November 1st 

  • Early withdrawal penalty applies 

 

Back to Top     Check Rates     Open Account

You will be surprised at how quickly pennies add up to real savings!
 

Save as you spend - Round up!Enroll IconENROLL: You must have a Cobalt Credit Union debit card that you use for daily purchases and a savings or club account to round up. Visit a branch, call our contact center or connect with us via video banking and ask to be enrolled in Round Up.

Shop IconSHOP: Use your card for everyday purchases such as grocery items, restaurant, and online purchases. Don’t forget to use this card for online and recurring payments to collect the most change.
 

Save IconSAVE: Sit back and watch the savings grow! We'll round up your purchase to the nearest dollar amount and transfer the change to your savings account — or a holiday or vacation club account.

Certificates (CDs) 

Certificates of Deposit (CDs) earn dividends at a fixed rate over a specific period of time.  

  • 7 day grace period for making changes or cashing out a certificate upon maturity 
  • Borrow against your funds with a certificate loan 
  • Minimum opening deposit of $1,000 
  • Dividend rates compounded quarterly 
  • 1 month minimum term 
  • Early withdrawal penalty applies 
  • Our Baby Bundle certificate helps families set up savings for their newest family members.

 

Back to Top     Check Rates     Open Account

Money Market 

Save at a higher tiered dividend rate with ready access to your money. 

  • Minimum opening deposit of $2,500 
  • Dividend rates compounded monthly 
  • 6 free withdrawals per month 


Back to Top     Check Rates     Open Account

Prime Money Market* 

Earn higher interest rates on balances of $20,000 and higher. 

  • Minimum opening deposit of $20,000 
  • Dividend rates compounded monthly 
  • 6 free withdrawals per month 
  • Rate is based off the Prime Rate
     

*SPECIFIC TERMS APPLICABLE TO YOUR PRIME MONEY MARKET ACCOUNT 
For the current dividend rate and corresponding APY (Annual Percentage Yield), refer to the current rates page of our website.

Minimum Balance Requirements. In order to earn the disclosed APY, You must: (i) maintain an average daily balance at least equal to $20,000.00; and (ii) make at least one direct deposit transaction equal to $500.00 each month.

Variable Rate Information. This Account is subject to a Variable Rate. For the current dividend rate and corresponding APY (Annual Percentage Yield), refer to the accompanying Account Disclosure Rate Supplement which We have included with and made a part of this Disclosure. Minimum Balance Requirements. In order to earn the disclosed APY, You must: (i) maintain an average daily balance at least equal to $20,000.00; and (ii) make at least one direct deposit transaction equal to $500.00 each month. The Dividend Rate and Annual Percentage Yield shown is based on the Wall Street Journal (WSJ) Prime rate minus 3.75% with a 0.30% floor rate. Should the WSJ Prime rate change, this Dividend Rate and Annual Percentage Yield will be adjusted the following business day. If you fail to meet the eligibility requirements, you will earn 0.10% APY. Fees may reduce earnings.


Withdrawals from share savings accounts are limited under this Regulation D. Limited transactions are withdrawals that are not processed at a branch or ATM location. Each share savings account is allowed 6 of these transactions before Regulation D goes into effect. Any withdrawals beyond the 6 allowed, including Point of Sale transactions, will incur a Regulation D Excessive Withdrawal Fee per transaction processed. 

Back to Top     Learn More     Check Rates     Open Account

Premier Money Market* 

Earn higher interest rates on balances of $25,000 and higher. 

  • Minimum opening deposit of $25,000 
  • Dividend rates compounded monthly 
  • 6 free withdrawals per month 
     

*SPECIFIC TERMS APPLICABLE TO YOUR PREMIER MONEY MARKET ACCOUNT 
Tiered Variable Rate Information: This account is subject to a Tiered Variable Rate. For the current dividend rate and corresponding APY, refer to the current rates page of our website. 

Minimum Balance Requirements: The minimum balance required to open this account is $25,000.00. You must maintain a minimum average daily balance of $25,000.00 in your account each day to obtain the disclosed annual percentage yield and to avoid a fee. 

Additional Information: In order to keep your account open, you must have a checking account with the Credit Union and have at least one direct deposit post to that account per month. If you fail to maintain these requirements, your account will be closed and the funds in your account will be transferred to a Money Market Account subject to the terms and conditions of such account. 

Regulation D 
Withdrawals from share savings accounts are limited under this Regulation D. Limited transactions are withdrawals that are not processed at a branch or ATM location. Each share savings account is allowed 6 of these transactions before Regulation D goes into effect. Any withdrawals beyond the 6 allowed, including Point of Sale transactions, will incur a Regulation D Excessive Withdrawal Fee per transaction processed. 

Back to Top     Check Rates     Open Account

Help your child establish strong savings habits while they’re young by giving them the building blocks they need for a solid financial future. 

Youth Accounts

Health Savings Accounts (HSA)

This account gives small businesses and individuals another way to obtain affordable health insurance. It combines a high-deductible health insurance plan with a tax-exempt savings account.

Can anyone open an HSA?
You must be younger than 65 years old and have high-deductible health coverage.

What are the benefits of HSAs?

  • Affordable
  • Deposits are tax-free
  • Investment earnings are tax-free
  • Withdrawals are tax-free when used for medical expenses
  • You can take your HSA with you if you change jobs
  • Available to almost anyone under a high-deductible insurance plan

For more information on Health Savings Accounts, speak with your insurance company and/or your tax consultant. Then look to the experts at Cobalt Credit Union to help you get started. Call us at (402) 292-8000 or visit one of our locations today!

*Restrictions apply. See representative for details.

Back to Top     Check Rates     Open Account

Put your money to work with one of our Business Savings or Money Market Accounts.

Business Savings Accounts


Cobalt Credit Union savings accounts are federally insured by the National Credit Union Association (NCUA) up to $250,000.

 

Access our Free Financial Resource Center or browse our valuable library of articles, eBooks, workbooks, or blogs for a wealth of financial information.

START LEARNING

Calculators