Top Credit Unions for High-Yield Savings in 2024

Credit unions are member-owned financial institutions known for offering competitive interest rates, lower fees, and personalized service. In 2024, several credit unions stand out for their high-yield savings accounts, helping members maximize their savings. Here’s a ranked list of top credit unions offering exceptional savings rates:

1. Community Financial Credit Union

High Yield Savings Account

• APY: 10.00% on balances up to $1,000
• Minimum Deposit: $0
• Features: No monthly fees; ideal for individuals looking to earn a high return on modest balances.

Community Financial Credit Union offers an impressive 10.00% APY on balances up to $1,000, making it an excellent choice for those starting their savings journey. There is no minimum deposit requirement, and members can enjoy the benefit of no monthly fees.

https://www.cfcu.org

2. Spectra Credit Union

Brilliant Kids Savings Account

• APY: 10.38% on balances up to $1,000
• Minimum Deposit: $5
• Features: Designed for children; encourages early saving habits with a high-interest rate.

Spectra Credit Union’s Brilliant Kids Savings Account offers an outstanding 10.38% APY on balances up to $1,000, aimed at fostering savings habits among children. A minimal $5 deposit is required to open the account.

https://www.spectracu.com/

3. Ideal Credit Union

RoundUp Savings Account

• APY: 5.00% on balances up to $1,500
• Minimum Deposit: $0
• Features: Automatically rounds up debit card purchases to the nearest dollar, depositing the difference into the savings account.

Ideal Credit Union’s RoundUp Savings Account offers a 5.00% APY on balances up to $1,500. This account helps members save effortlessly by rounding up debit card transactions and transferring the spare change into their savings.

https://www.idealcu.com

4. Alliant Credit Union

High-Rate Savings Account

• APY: 3.10%
• Minimum Deposit: $5 (Alliant provides this on behalf of the member)
• Features: No monthly fees with eStatements; accessible nationwide; $100 minimum balance to earn dividends.

Alliant Credit Union offers a High-Rate Savings Account with a 3.10% APY. While a $5 deposit is required to establish membership, Alliant covers this cost for new members. Maintaining a $100 balance ensures eligibility for earning dividends.

https://www.alliantcreditunion.org

5. Navy Federal Credit Union

Share Savings Account

• APY: 0.25%
• Minimum Deposit: $5
• Features: Exclusive to military members and their families; offers a range of financial products with competitive rates.

Navy Federal Credit Union provides a Share Savings Account with a 0.25% APY. While the rate is lower compared to others, the credit union offers a comprehensive suite of financial services tailored for military personnel and their families.

https://www.navyfederal.org

Note: APYs are subject to change; it’s advisable to verify current rates and membership eligibility requirements directly with the credit unions.

Wrapping Up the Top Credit Unions for High-Yield Savings in 2024

Choosing the right credit union for high-yield savings can make a big difference in growing your money. With competitive interest rates, low fees, and personalized service, these credit unions offer excellent opportunities to maximize your savings in 2024. Whether you’re looking for a high return on a small balance or an innovative savings program, there’s a credit union that fits your needs. Consider your financial goals and pick the best option to help your savings grow faster.