Savings Account
Product Information
Your funds are federally insured to $250,000 — learn more by clicking here!
Offering a wide variety of savings options has always been an important credit union function. At United Health Credit Union you can choose the type of account that is tailored to your individual needs.
Interest is paid every month for all of our savings accounts using the average daily balance method. All accounts are designed to offer you a high rate of return.
Payroll Deduction and Direct Deposit Features
You can make deposits automatically to any of your savings accounts in two different ways. You can arrange for a direct deposit of your entire paycheck and also set up a payroll deduction allocation.
Regular Savings Accounts
This is the basic account that establishes membership with United Health Credit Union. A $25 minimum balance along with a $1 lifetime membership fee is all you need to participate in UHCU’s products and services.
- click here for current rates -
Christmas Club Accounts
An easy way to save for the holiday season. Payroll deductions make it simple to save money for these special times. And, this account has no minimum balance requirement. Enrollment periods are from November 1 through June 15, and funds are deposited into your regular share account during the first week in November.
- click here for current rates -
Vacation/Special Club Accounts
A separate account for that something special. Deposit money by way of automatic transfers, payroll deduction, mail, or over the counter.
- click here for current rates -
Money Market Accounts
A high yielding account with a $2,500 minimum balance requirement. Additional deposits must be for at least $100, while minimum withdrawals are $250.
- click here for current rates -
Individual Retirement Accounts
A savings account especially for retirement that offers a high rate of return. There is no length of maturity requirement for these accounts.
- click here for additional IRA information -
- click here for current rates -
Term Certificates
United Health Credit Union offers a variety of certificates with high-yielding interest rates. The dividends are paid each month and can be added to your certificate or deposited to one of your other accounts. Certificate terms range from six months to three years.
Certificate Plus
You can now open a UHCU Term Certificate of up to 12 months and add more money at any time during the term. It's the perfect way to invest a tax refund or other extra funds. Additional deposits must be at least $100 and cannot exceed 50% of the opening deposit and your original rate and maturity date will remain the same. Start earning even more today.
- click here for current rates -
Prime 55 Club
United Health Credit Union's Prime 55 Club was formed to serve the financial needs of its mature members - employees of, and those affiliated with, Mills-Peninsula Health Services, as well as their family members.
- click here for more details -
Youth Accounts
Teen U
A savings and checking account packaged for young adults, ages 13 through 17. A free check design and a Visa Check Card are options available with the Teen U Account.
- click here for current rates -
Small Change & Dollar Dane Club
Accounts especially for kids up to 12 years old. Minimum balance is only $10! The Club has its very own deposit and withdrawal slips and a special surprise comes with every transaction.
- click here for current rates -
Savings Insurance
All members receive $250,000 deposit insurance by the National Credit Union Administration, a U.S. Government Agency.
Should You Withdraw Uninsured Funds?
If you have more than $250,000 in your account, you may think you should withdraw it and deposit it elsewhere to get insurance coverage on it. That’s not necessary; you can increase your coverage by opening new accounts here.
Increasing Your Insurance Coverage
Simply put anything over $250,000 in new accounts under different ownership combinations. For instance, open one in your name only, another in your spouse’s name only, another in a joint account and so on. Each account, as long as the names on the account are different, is insured separately by the full faith and credit of the US Government. See how two adults can get $1.1 million of coverage, or parents with two children can protect up to $1.5 million in deposits with federal insurance now.
We’re Safe, Sound And Here To Stay
We never engaged in the high-risk lending practices responsible for the financial crisis faced by the banking and mortgage industries. By practicing sound financial management, and prudent lending policies, credit unions have avoided problems and are as strong as ever.
For more information, or to increase your coverage by opening new accounts, simply call or visit your local branch. You can also visit the NCUA web site. We’re here for you.
For additional information concerning United Health savings plans or savings rates, please call or visit one of our convenient offices.