Savings

Learn more about your options for saving.

Family playing on the living room floor

 

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

Learn about the benefits of these accounts:

Share Savings | Club Accounts | Certificates | Money Market | Premier Money Market | Round Up | HSA

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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 


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Vacations/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 

 

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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.

 

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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 


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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. 

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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 Icon SHOP: 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.

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.

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