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Savings

Growing your money today for dreams tomorrow. Compare our popular savings accounts.

Overview

  • No monthly Maintenance Service Charge
  • Tiered rates that increase as your account balance grows

A Good Option If:

  • You want to establish your Elements membership
  • You plan to maintain less than a $2,500 daily balance
Member Savings Dividend Rate  APY 
$100.00 - $2,499.99 0.10% 0.10%
$2,500.00 - $49,999.99 0.15% 0.15%
$50,000.00 and Above 0.20% 0.20%

Member Savings Annual Percentage Yield (APY) effective as of July 1, 2024, and may change after account opening without notice. 0.10% APY on balances $100.00-$2,499.99; 0.15% APY on balances $2,500.00-$49,999.99; 0.20% APY on balances $50,000.00 and Above. Minimum daily balance of $100 required to earn dividends. $5 required minimum balance to open the account. No monthly Maintenance Service Charge. Fees may reduce earnings. 

Overview

  • High Yield Savings rate of 4.25% APY1 on balances of $10,000 and greater
  • Represents competitive pricing in the marketplace
  • No monthly Maintenance Service Charge

A Good Option If:

  • You have a high savings balance for which you want to earn a higher yield
High Yield Savings Dividend Rate  APY 
$0.01 - $99.99 0.10% 0.10%
$100.00 - $2,499.99 0.10% 0.10%
$2,500.00 - $9,999.99 0.10% 0.10%
$10,000.00 - 24,999.99 4.16% 4.25%
$25,000.00 - $49,999.99 4.16% 4.25%
$50,000.00 - $99,999.99 4.16% 4.25%
$100,000.00 - $249,999.99 4.16% 4.25%
$250,000.00 and Above 4.16% 4.25%

High Yield Savings Annual Percentage Yield (APY) accurate as of July 1, 2024. High Yield Savings is a tiered savings account paying a variable dividend rate, that may change at any time, on the entire balance in your account based on the rate for the tier corresponding to each day’s daily balance. The account is available for new money only which are funds not on deposit at Elements for 90 days prior to opening the High Yield Savings account. Existing Elements members with savings accounts must deposit $25,000.00 or more of new money within 10 days of opening the High Yield Savings account. Existing Elements members with savings accounts with combined daily balances of $2,500.00 or less for the 90 days prior to account opening are excluded from the new money requirement. Additional information for each tier: An APY of 0.10% applies to accounts with balances from $0.00 to $99.99; from $100.00 to $2,499.99; and from $2,500.00 to $9,999.99. An APY of 4.25% applies to accounts with balances from $10,000.00 to $24,999.99; from $25,000.00 to $49,999.99; from $50,000.00 to $99,999.99; from $100,000.00 to $249,999.99; and $250,000.00 and above. At least one account holder must be 18 years of age. Other qualifications may apply. Offer may be discontinued at any time. Fees may reduce earnings.

Overview

  • No monthly Maintenance Service Charge
  • No minimum daily balance required to earn dividends

A Good Option If:

  • You like to earn higher dividends on your higher balances
Helium Savings Dividend Rate  APY 
$0.01 - $2,499.99 0.10% 0.10%
$2,500.00 - $9,999.99 0.99% 1.00%
$10,000.00 and Above 0.99% 1.00%

Helium Savings Annual Percentage Yield (APY) effective as of July 1, 2024, and may change after account opening without notice. $5 required minimum balance to open the account. No monthly Maintenance Service Charge. Fees may reduce earnings. 

Overview

  • Add to Hideaway Savings all year
  • Easily transfer funds to your Elements checking account when you’re ready to shop
  • No monthly Maintenance Service Charge
  • No minimum balance

A Good Option If:

  • You like the idea of out of sight, out of mind
  • You want to stash some cash away for a special goal
Hideaway Savings Dividend Rate  APY 
$100 and Above 0.20% 0.20%

Hideaway Savings Annual Percentage Yield (APY) effective as of July 1, 2024, and may change after account opening without notice. Minimum daily balance of $100 required to earn dividends. Fees may reduce earnings. No monthly Maintenance Service Charge. No minimum balance requirements apply. 

Overview

  • Special account only for children under age 18
  • No monthly maintenance or inactive fees

A Good Option If:

  • You want to teach your kids how to save and manage money
Grow Account Dividend Rate  APY 
$100.00 and Above 0.49% 0.50%

Grow Account Annual Percentage Yield (APY) effective as of July 1, 2024, and may change after account opening without notice. Minimum daily balance of $100 required to earn dividends. Fees may reduce earnings. At least one account owner must be 18 years of age or older, and one account owner must be below the age of 18.

Overview

  • Similar to a CD at a bank
  • Higher rate than most regular savings accounts
  • Available in amounts of $1,000 or more (as little as $500 if under age 18)
  • Other terms and rates available from 6 months to 5 years

A Good Option If:

  • You want a more predictable savings balance
  • You want to diversify beyond traditional savings accounts and other investments
  • Trade-off: Must wait to access funds until the Certificate term is up
Share Certificate (Fixed Rate) Dividend Rate  APY 
6 Month Term 2.44% 2.50%
8 Month Term 4.96% 5.15%
1 Year Term 2.53% 2.60%
13 Month Term 4.68% 4.85%
18 Month Term 4.11% 4.25%
2 Year Term 2.63% 2.70%
3 Year Term 2.73% 2.80%
4 Year Term 2.82% 2.90%
5 Year Term 2.92% 3.00%

Share Certificate (Fixed Rate) Annual Percentage Yield (APY) effective as of July 1, 2024, and may change without notice. Minimum deposit of $1,000 to open certificate. Primary members under the age of 18 must have a $500 minimum deposit to open certificate. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a certificate at any time.

Overview

  • Achieve financial fitness with a 12- or 24-month Flex Rate Certificate (Variable Rate) at 5.72% APY2
  • Adjusts with Prime Rate minus a margin of 3.00%
  • Higher rate than most regular savings accounts
  • Available in amounts of $1,000 or more (as little as $500 if under age 18)
  • Dividend rates that keep pace with a changing rate environment by flexing when the Prime Rate changes, up or down
  • Available in 12- and 24-month terms

A Good Option If:

  • You want to diversify beyond traditional savings accounts and other investments
  • Trade-off: Must wait to access funds until the Certificate term is up
Flex Rate Certificate (Variable Rate) Dividend Rate  APY 
12 Month Term 5.50% 5.72%
24 Month Term 5.50% 5.72%

Flex Rate Certificate (Variable Rate) Annual Percentage Yield (APY) effective as of July 8, 2024, and may change without notice. The dividend rate and APY are based on the current Prime Rate index as published in the Wall Street Journal minus a margin of 3.00%. The dividend rate and APY are variable and will adjust the next business day following a change in Prime Rate index. The minimum floor APY for the flex rate certificates is 0.00% and the maximum APY will never be greater than 17.00%. Minimum deposit of $1,000 to open certificate. Primary members under the age of 18 must have a $500 minimum deposit to open certificate. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a certificate at any time.

Overview

  • Save for retirement at any age in a tax-advantaged way
  • Choose between tax-deductible contributions (Traditional IRA) or tax-free withdrawals (Roth IRA)
  • Contribute up to $7,000 per tax year

A Good Option If:

  • You are self-employed or don’t have access to an employer-sponsored plan like a 401(k)
  • You’ve maxed out your 401(k) contribution
  • Trade-off: IRAs can have lower contribution limits than 401(k)s
IRAs (Fixed Rate) Dividend Rate  APY 
6 Month Term 2.44% 2.50%
8 Month Term 4.96% 5.15%
1 Year Term 2.53% 2.60%
13 Month Term 4.68% 4.85%
18 Month Term 4.11% 4.25%
2 Year Term 2.63% 2.70%
3 Year Term 2.73% 2.80%
4 Year Term 2.82% 2.90%
5 Year Term 2.92% 3.00%

IRA Annual Percentage Yield (APY) effective as of July 1, 2024, and may change without notice. Minimum deposit of $1,000 to open IRA. Primary members under the age of 18 must have a $500 minimum deposit to open IRA. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a IRA at any time.

Overview

  • Adjusts with Prime Rate minus a margin of 3.00%
  • Save for retirement at any age in a tax-advantaged way
  • Choose between tax-deductible contributions (Traditional IRA) or tax-free withdrawals (Roth IRA)
  • Contribute up to $7,000 per tax year
  • Dividend rates that keep pace with a changing rate environment by flexing when the Prime Rate changes, up or down

A Good Option If:

  • You are self-employed or don’t have access to an employer-sponsored plan like a 401(k)
  • You’ve maxed out your 401(k) contribution
  • Trade-off: IRAs can have lower contribution limits than 401(k)s
Flex Rate IRAs (Variable Rate) Dividend Rate  APY 
12 Month Term 5.50% 5.72%
24 Month Term 5.50% 5.72%

Flex Rate IRA Annual Percentage Yield (APY) effective as of July 8, 2024, and may change without notice. The dividend rate and APY are based on the current Prime Rate index as published in the Wall Street Journal minus a margin of 3.00%. The dividend rate and APY are variable and will adjust the next business day following a change in Prime Rate index. The minimum floor APY for the flex rate certificates is 0.00% and the maximum APY will never be greater than 17.00%. Minimum deposit of $1,000 to open certificate. Primary members under the age of 18 must have a $500 minimum deposit to open certificate. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a certificate at any time.

Overview

  • Medical savings account for people enrolled in a high-deductible health plan
  • Contributions can be made by you, your employer, or other individuals
  • Comes with the Elements HSA Visa® debit card

A Good Option If:

  • You have a high-deductible health plan (HDHP)
  • You want a safe and convenient way to pay for health expenses
  • You want to save for future medical expenses on a tax-free basis
Health Savings Account (HSA) Dividend Rate  APY 
$0.01- $2,499.99 0.10% 0.10%
$2,500.00 - $9,999.99 0.30% 0.30%
$10,000.00 - $24,999.99 0.30% 0.30%
$25,000.00 and Above 0.49% 0.50%

Health Savings Account Annual Percentage Yield (APY) effective as of July 1, 2024, and may change after account opening without notice. An APY of 0.10% applies to accounts with balances from $0.01 to $2,499.99; An APY of 0.30% applies to accounts with balances from $2,500.00 to $9,999.99; and from $10,000.00 to $24,999.99; An APY of 0.49% applies to accounts with balances of $25,000.00 and above. Fees may reduce earnings.

Four Types of Trust Accounts:

  • Trust-Owned Account—for revocable trusts
  • Uniform Transfer to Minors Act (UTMA) Account—custodial account for minors
  • Representative Payee Account—for receivers of benefits from the Social Security Administration on behalf of another person
  • Guardianship Account—for guardians to manage funds of a ward

A Good Option If:

  • You need to manage funds on behalf of a third party
  1. 1 High Yield Savings Annual Percentage Yield (APY) accurate as of July 1, 2024. High Yield Savings is a tiered savings account paying a variable dividend rate, that may change at any time, on the entire balance in your account based on the rate for the tier corresponding to each day’s daily balance. The account is available for new money only which are funds not on deposit at Elements for 90 days prior to opening the High Yield Savings account. Existing Elements members with savings accounts must deposit $25,000.00 or more of new money within 10 days of opening the High Yield Savings account. Existing Elements members with savings accounts with combined daily balances of $2,500.00 or less for the 90 days prior to account opening are excluded from the new money requirement. Additional information for each tier: An APY of 0.10% applies to accounts with balances from $0.00 to $99.99; from $100.00 to $2,499.99; and from $2,500.00 to $9,999.99. An APY of 4.25% applies to accounts with balances from $10,000.00 to $24,999.99; from $25,000.00 to $49,999.99; from $50,000.00 to $99,999.99; from $100,000.00 to $249,999.99; and $250,000.00 and above. At least one account holder must be 18 years of age. Other qualifications may apply. Offer may be discontinued at any time. Fees may reduce earnings.
  2. 2 Flex Rate Certificate (Variable Rate) Annual Percentage Yield (APY) effective as of July 8, 2024, and may change without notice. The dividend rate and APY are based on the current Prime Rate index as published in the Wall Street Journal minus a margin of 3.00%. The dividend rate and APY are variable and will adjust the next business day following a change in Prime Rate index. The minimum floor APY for the flex rate certificates is 0.00% and the maximum APY will never be greater than 17.00%. Minimum deposit of $1,000 to open certificate. Primary members under the age of 18 must have a $500 minimum deposit to open certificate. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a certificate at any time.