Affinity Federal Credit Union | Savings Overview

Savings Account Options

Whether you’re saving for a special purchase, building up an emergency fund, or simply saving your pennies for a rainy day, we have products designed to meet your needs. When you bank with Affinity, you’ll always have convenient access to your money.

SmartStart Savings

SmartStart Savings

The smarter way to save. Jumpstart your savings by earning up to 3.50% APY² when you open a SmartStart Savings Account.

Earn 3.50% APY on the first $10,000
No minimum balance requirement
No monthly service fees when enrolled in eStatements⁶

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High Yield Savings

High Yield Savings

Designed for deposit balances of $100,000 or more, earn a competitive 3.20% APY² to grow your savings faster.

Earn 3.20% APY on balances of $100,000 or more
No minimum balance requirement
No monthly service fees when enrolled in eStatements⁶

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MoreSavings

MoreSavings

Start earning up to 2.00% APY³. With four account balance tiers, earn higher dividend rates at each successive tier.

Earn up to 2.00% APY
No minimum balance requirement
No monthly service fees when enrolled in eStatements⁶

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Performance Savings

Performance Savings

Maximize your savings effortlessly with a Performance Savings Account and start earning up to 3.00% APY⁴ when you open a High Yield Checking Account or Cash Back Plus Account.

Earn 3.00% APY on balances up to $250,000
No minimum balance requirement
No monthly service fees when enrolled in eStatements⁶

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Certificates

Affinity Certificates

Guaranteed returns on your funds. Lock in your rate with terms from one month to five years and rates up to 4.00% APY⁵.

Promotional and bump-up certificate options available
Minimum opening deposits as low as $500
Flexible term options from 30 days to 60 months

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RATES AND YIELDS AS OF

SmartStart Savings

$0 - $10,000

3.50%

APY

$10,000.01 & above

0.75%

APY

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MoreSavings

$0 - $25,000

0.75%

APY

$25,000.01 - $100,000

0.90%

APY

$100,000.01 - $250,000

1.50%

APY

$250,000.01 and above

2.00%

APY

View All

View All Rates & Yields

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Rates

APR = Annual Percentage Rate. APY = Annual Percentage Yield. Rates are available to Affinity Members only and subject to change at any time without notice. Fees may reduce earnings on deposits, see fee schedule for details.

Loan and credit card rates are lowest rates for qualified applicants, based on creditworthiness. Term restrictions may apply based on underwriting criteria. The maximum APR that may be imposed on any variable rate loan plan is 18.00%.

Savings

¹SmartStart Savings: APY = Annual Percentage Yield. APY is effective as of 1/3/2025. The APY is accurate as of the latest dividend declaration date. Dividend rates and annual percentage yield are subject to change after the account is opened at our discretion without notice to you. We do not impose a limit on the amount the dividend rate and Annual Percentage Yield on your account may change. The dividend rate on your account is determined by the credit union. This account requires an initial opening deposit of $5.00. There is no minimum balance requirement for this account. Fees could reduce earnings on this account. One account per member allowed.

If your daily balance is $10,000 or less, the dividend rate paid on the entire balance will be 3.44%, with an APY of 3.50%. A dividend rate of 0.75% will be paid only on the portion of your daily balance that is greater than $10,000. The APY for this tier will range from 3.50% to 0.86%, depending on the balance in the account.

²High Yield Savings: APY = Annual Percentage Yield. APY is effective as of 1/3/2025. The APY is accurate as of the latest dividend declaration date. Dividend rates and annual percentage yield are subject to change after the account is opened at our discretion and without notice to you. We do not impose a limit on the amount the dividend rate and annual percentage yield on your account may change. The dividend rate on your account is determined by the credit union. This account requires an initial opening deposit of $5.00. There is no minimum balance requirement for this account. Fees could reduce earnings on this account.

If your average daily balance is $100,000 or more, the dividend rate paid on the entire balance in your account will be 3.15% with an annual percentage yield of 3.20% . If your average daily balance is less than $100,000, the dividend rate paid on the entire balance will be 0.05% with an annual percentage yield of 0.05%.

³MoreSavings: APY = Annual Percentage Yield. APY is effective as of 1/3/2025. The APY is accurate as of the latest dividend declaration date. Dividend rates and annual percentage yield are subject to change after the account is opened at our discretion without notice to you. We do not impose a limit on the amount the dividend rate and Annual Percentage Yield on your account may change. The dividend rate on your account is determined by the credit union. This account requires an initial opening deposit of $5.00. There is no minimum balance requirement for this account. Fees could reduce earnings on this account. One account per member allowed.

Minimum balance to earn the stated annual percentage yield (APY) depends upon the tier as indicated in rates. If the account falls below the minimum states for a particular tier, the next lowest tier’s APY will apply. For example, if an account meets the minimum balance requirements for Tier 2 at the start of the dividend period, but the balance subsequently falls below the minimum balance requirements for Tier 2 during the same dividend period, then the account will earn the stated APY for the corresponding Tier 1 account.

⁴Performance Savings: APY = Annual Percentage Yield. APY is effective as of 9/3/2024. The APY is accurate as of the latest dividend declaration date. Dividend rates and annual percentage yield are subject to change after the account is opened at our discretion without notice to you. We do not impose a limit on the amount the dividend rate and Annual Percentage Yield on your account may change. The dividend rate on your account is determined by the credit union. This account requires an initial opening deposit of $5.00. There is no minimum balance requirement for this account. Fees could reduce earnings on this account.

One account per member allowed. Affinity membership is required with $5 deposit to membership eligibility account. An active Cash Back Plus or High-Yield Checking is required to be eligible to open Performance Savings. If your daily balance is $250,000 or less, the dividend rate paid on the entire balance will be 2.96%, with an APY of 3.00%. A dividend rate and APY of 0.50% will be paid only on the portion of your daily balance that is greater than $250,000. Closure of this account does not terminate credit union membership. However, if your account(s) is closed before its rewards are credited, you will forfeit the account(s)’ rewards.

⁵Certificates: APY = Annual Percentage Yield. Rates are accurate as of 1/3/2025 and are subject to change without notice. After the Certificate is opened, you cannot make deposits into the account. Unless otherwise noted, certificates can be opened with a minimum deposit of $500. The APY is based on an assumption that dividends will remain in the account until maturity. Certificates will automatically renew on the maturity date for the same term unless otherwise noted. The dividend rate in effect at the time the certificate renews will be applied on the account. The account holder has a ten (10) day grace period to change the term or close the certificate account without penalty. Penalties apply for early withdraw and could reduce earnings on the account. If funds are withdrawn before the maturity date, the penalty will equal 90 days’ dividends on your certificate account with a term of one year or less, and a penalty of up to 182 days’ dividends for certificates with a term of more than one year. The penalty calculated as forfeiture of part of dividends that have been or would have been earned on the account. It applies whether or not dividends have been earned. We will impose an early withdrawal penalty of at least seven (7) days’ simple interest if funds are withdrawn within six days of the date of deposit or within six days of the date of the immediately preceding partial withdrawal. We reserve the right to require at least seven (7) days written notice of an intended withdrawal. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal. Certificates are available to Affinity members only. Contact an employee for further information about applicable fees and terms.

8-Month Promotional Certificate (Personal Term Only): Balances of $500 or more earn an APY of 4.00%. On the maturity date, the certificate will automatically renew to a 6-month term at the rate in effect for that term at the time of renewal.

⁶ To qualify for no monthly fees and avoid the $2 monthly paper statement fee, upon opening your account, you must enroll in paperless statements (eStatements) either by registering and logging in to your Online Banking or Mobile Banking account. For new members, the paper statement fee is waived for the first 45 days of membership, after that, if you have not enrolled in eStatements you may be assessed a $2 paper statement fee per month. Enrollment in eStatements means you will not receive mail delivery of your statements and you have agreed to Electronic Delivery Disclosure. You may withdraw your consent to receive paperless statements anytime by logging in to your Online Banking or Mobile banking account. If you choose to withdraw from eStatements you will be charged a $2 monthly paper statement fee. Note: The fee is waived for tenant accounts, members age 70 or older, and children age 12 and under.