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Hideaway Savings

The perfect place to stash some cash to save for holidays or other special events

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Or call 1-800-621-2105

Hideaway Savings Dividend Rate  APY 
$100 - $24,999 0.10% 0.10%
$25,000 - $49,999 0.15% 0.15%
$50,000 and Above 0.20% 0.20%

Hideaway Savings Annual Percentage Yield (APY) effective as of December 1, 2020, and may change after account opening without notice. Average daily balance of $100 required to earn dividends. Fees may reduce earnings. No monthly maintenance fee. No minimum balance requirements apply. 

Hideaway Savings

For your “special-occasion” money.

KEY FEATURES

  • Add to Hideaway Savings all year and then easily transfer funds to your Elements checking account when you’re ready to shop
  • No monthly maintenance fee
  • No minimum balance required
  • Tiered interest rates that increase as your account balance grows
  • Maintain a minimum average daily balance of $100 to earn dividends

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MAY BE A GOOD CHOICE IF

  • You like the idea of out of sight, out of mind
  • You want to stash some cash away for a special goal
  • You plan to maintain less than a $2,500 daily balance

Compare to Other Savings Accounts

What are the advantages of a Hideaway Savings Account?

Out of Sight, Out of Mind

You hear of people stashing extra money away in a container way up high on a shelf. Then if something special comes up, they have the money on hand. Well, the Elements Hideaway Savings is a way better plan because your money earns interest instead of just collecting dust on a shelf. You can add to Hideaway Savings all year long and then easily transfer funds to your Elements checking account when you’re ready to use it. It’s a great way to save for holiday shopping, a beach getaway or other vacation, your child’s wedding, or other exciting purchase you’ve been saving for. When you put the money in Hideaway Savings, you’re not as tempted to use it for everyday expenses. 

Competitive, Tiered Interest Rates

It’s also a good choice if you plan to maintain a daily balance of less than $2,500. The account requires a minimum balance of just $100 to earn dividends and pays interest in increasingly higher amounts as the account balance increases. If your account balance dips below $100, no worries! There’s no minimum balance required for Hideaway Savings.

With Hideaway Savings, you'll also enjoy:

  • No monthly maintenance fee
  • Option to request an Elements ATM card to use at more than 78,000 surcharge-free ATMs worldwide
  • Shared branch access at more than 5,000 branches nationwide
  • Ability to manage your account in Online Banking or the Mobile App from any device
  • Convenience of direct deposit of your payroll or federal benefits

Compare to Other Savings Accounts Open an Account

How does Hideaway Savings compare to other savings options?

Compare Hideaway Savings to our other options below.

  Hideaway Savings Helium Savings Member Savings Certificates
Key Benefits

No monthly maintenance fee

No minimum balance

No fees

No monthly maintenance fee

Higher rate than most regular savings accounts

A Good Option If You

Like the idea of out of sight, out of mind

Want to stash some cash away for a special goal

Plan to maintain a $2,500 daily balance to earn dividends

Want to establish your Elements membership

Plan to maintain less than $2,500 daily balance

Want a more predictable savings balance

Want to diversify your investments

APY 0.10% - 0.20%1 Up to 0.55%2 0.10% - 0.20%3 0.200% -
Rate Structure Tiered interest rates that increase as your account balance grows Simple, single-tiered rates Tiered interest rates that increase as your account balance grows Tiered interest rates that increase with the length of the Certificate term
Minimum Balance to Earn Dividends $100 $2,500 $100
No Monthly Maintenance Fee
Minimum Balance to Open $5
Available Terms 6 months to 10 years
Available Amounts $1,000 or more ($500 or more if under age 18)
No Monthly Inactive Fee
Unlimited Transactions Per Month Allowed

What fees can I expect?

No Maintenance Fee

The Hideaway Savings Account has NO monthly service fee.

Inactive Relationship Fee

There is a $5/month fee assessed if your checking and savings accounts have had no activity for at least 12 months; you have no other active deposit, loan or credit card product with Elements; and deposit balances total $1,000 or less. It is collected from the first checking or savings account that has sufficient funds to satisfy the fee, starting with checking and then moving to savings until the full fee is collected.

Is Elements Online Banking easy to use?

Yes! It’s easy to do your banking and budgeting with Elements — no matter where you are. Our goal with Online Banking is simple: to provide you with a state-of-the-art digital banking experience that you can count on and is consistent across all devices.

With Elements Online Banking and our Mobile App, you can:
  • Check your balances, make loan payments, and transfer money between accounts
  • Deposit checks using your phone or computer camera
  • View check images online
  • Pay your bills online 24/7/365
  • Review your account history with a 14-month electronic archive of statements
  • Locate branches and ATMs near you
  • See your SavvyMoney credit score with any checking account or loan
  • Pay friends and family conveniently with Pay a Friend from Elements, plus other digital wallet options
  • And more

Learn More about Online Banking & Mobile App

Why should I choose Elements for my savings account?

Like a Bank, Only Better!

Better Rates. Fewer Fees.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

Trusted Advice. Fresh Approach.

We pride ourselves in being a trusted source for financial education. Your financial wellness expert will come to your workplace to answer questions and provide you with one-on-one assistance as you navigate the changes that come with each of life's stages.

Respected Locally. Accessed Globally.

Headquartered in Indianapolis since 1930, we rank among the top 3% of credit unions nationally4. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

High Tech. Human Touch.

Our technology makes banking with Elements easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

Get Started

How do I open an account?

Getting started is as easy as 1-2-3!

  1. Open an account online - Open an account online in as little as 10 minutes. Or call 1-800-621-2105 to get started. Have your government-issued ID (driver’s license, state ID, or passport) and your Social Security number ready.
  2. Check your email - You will receive an email within one business day to notify you of account approval. That’s it! Your Hideaway Savings Account is now open.
  3. Enroll in Online Banking - Easily check your balances, make loan payments, pay bills and transfer money between accounts from your smartphone, tablet, laptop or desktop. Learn more about Online Banking.

Open an Account

How Much Should I Save to Reach My Goal?

Savings Calculator

Results

  1. 1 Hideaway Savings Annual Percentage Yield (APY) effective as of December 1, 2020, and may change after account opening without notice. Average daily balance of $100 required to earn dividends. Fees may reduce earnings. No monthly maintenance fee. No minimum balance requirements apply. 
  2. 2 Helium Savings Annual Percentage Yield (APY) effective as of December 1, 2020, and may change after account opening without notice. Average daily balance of $2,500 required to earn dividends. Fees may reduce earnings.
  3. 3 Member Savings Annual Percentage Yield (APY) effective as of December 1, 2020, and may change after account opening without notice. Average daily balance of $100 required to earn dividends. Fees may reduce earnings. No monthly maintenance fee. $5 required minimum balance to open the account.
  4. 4 Based on asset size as of 1/31/2020