Newsletter 2023 V2 Article - Savings Options

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With the warmer weather and fresh produce on our minds, why not use this time of year to consider how you’re growing your savings? At UMassFive, we have a variety of savings accounts designed specifically to help members like you grow your financial safety net through saving. 

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Goal Savings

Goal Savings
These accounts are dividend-bearing accounts designed for members with a goal in mind. Ideal for those who want their funds to be easily accessible, but still in a separate account, to see a clear picture of the finish line. 

  • No minimum balance or monthly fees
  • Personalized account nicknames in Online & Mobile Banking
  • No maximum number of accounts

Learn more

 

Term Deposit Savings

Term Deposits
Term Deposit accounts offer a higher dividend than our traditional savings products, for a pre-selected period of time, during which the funds are “locked-in” to the account. 

  • Multiple terms to choose from
  • Raise your rate 0.25% with 2,500 Co-op Points
  • Receive a higher rate for “locking-in” your funds than you would with a regular savings account. 

Learn more

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