Our Share Savings account establishes your Cobalt Credit Union membership, and we also provide club savings or money market accounts as well as certificates (CDs).
Savings can be as easy as 1 - 2 - 3
You will be surprised at how quickly these pennies add up to real savings!
ENROLL: First, you must have a Cobalt Credit Union debit card that you use for daily purchases and ask to be enrolled in Round Up.
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: 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.
All you need to get started:
A checking account with debit card and a savings (or holiday or vacation) account.
Need to open an account?
Find the checking or savings account (below) that's right for you.
Visit a branch, call our Contact Center, or connect with us via Video Banking.
Which account is right for you?
|Share Savings||Vacation/Holiday Club||Certificates||Money Market||Premier Money Market *|
|Account Benefits||Free ATM Card
Borrow against your account balance
|Save for holiday shopping, summer vacation, and other seasonal expenses||7 day grace period for making changes or cashing out a certificate upon maturity
Borrow against your funds with a Certificate Loan
|Save at a higher tiered dividend rate with ready access to your money||Earn higher interest rates on balances of $25,000 and higher|
|Minimum Opening Deposits||$5||$10||$1000||$2500||$25,000|
|Rate Summary||Compounded quarterly||Compounded annually||Compounded quarterly||Compounded monthly||Compounded monthly|
|Limitations||3 free withdrawals per month||Vacation Club matures May 1st, Holiday Club matures November 1st. Early withdrawal penalty||7 month minimum term, early withdrawal penalty||6 free withdrawals per month||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.
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.
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?
• More affordable
• Deposits are tax-free
• Investment earnings grow tax-free
• Withdrawals are tax-free when used for medical expenses
• They're portable – you 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 25 locations today!
*Restrictions apply. See representative for full offer details.
Enjoy these free added benefits when you open an account with Cobalt Credit Union.
Care to join us?
If you’re ready to switch to Cobalt Credit Union, we’re ready to help. Apply now to get started.
Have questions about Cobalt Credit Union? Drop us a line.