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Savings Accounts
Planning today for tomorrow's big adventure.
BEGIN YOUR SAVINGS ACCOUNT
NEW TO ON TAP?
Open your new account in less time than it takes to enjoy your favorite beverage.
CURRENT MEMBER?
Log in to Online or Mobile Banking to add an account even faster or follow the link below.
HAVE QUESTIONS BEFORE YOU START?
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Basic Savings Account
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Every On Tap member gets a Basic Savings Account with a required minimum deposit of $5. The money is yours and stays in your account. Savings account dividends are earned and compounded monthly. Your account has no monthly service charge.
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Peak Tiered Savings
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Savings That You Can Cheers To! Earn more from the start with our On Tap Peak Tiered Savings Account. Unlike traditional savings accounts, this savings account gives you the highest rate on the lowest tiers. That means you earn a better rate of return on lower balances, while still earning a competitive rate on higher balances.
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Holiday Club Accounts
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The popular Holiday Club Account helps you save for the holiday season. Your deposits accumulate throughout the year, and on November 1, we’ll return your savings, plus dividends, to you – just in time for the holidays. Dividends are earned and compounded monthly based on your average daily balance.
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Build a Dream Savings Club
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This special Build a Dream Savings Club pays a premium rate on balances up to $3,000. With a one-year maturity, members can choose a maturity date that coincides with a savings goal. Dividends are compounded and credited monthly. Early withdrawal penalties may apply.
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“You Name It” Savings Account
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The “You Name It” Savings Account is a secondary savings account that you can customize to your special purpose by naming it. Examples include “College Fund,” “Meghan’s New Car,” or “Jack and Amy’s House.” The “You Name It” account requires no minimum deposit, and dividends are earned and compounded monthly.
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Tip: Saving consistently – even just a little bit – adds up over time. Deposit your savings each month or pay period before you start spending to achieve your savings goals.
PLANNING BIG GOALS FOR THE FUTURE?
Whether you’re dreaming of your retirement cabin, starting your own business, or going back to school, Investment and Wealth Management at On Tap Credit Union© is here to help.
We’ll work with you to design a personalized financial strategy for the life you want to live. It’s more than just planning for retirement, it’s about helping you gain a sense of financial independence—now and for the future.
Connect with our professionals and start crafting your plans for the future.
LEARN ABOUT SAVINGS OPTIONS WITH ON TAP
Looking for business savings options?
Coin Machines
Coin machines to turn your loose change into dollars are available in both of our branches and are free to members.
Frequently Asked Questions
What types of savings accounts does On Tap Credit Union offer?
On Tap offers a variety of savings options so you can choose the one that matches your goals and savings habits. Options include a Basic Savings Account, Peak Tiered Savings, Holiday Club, Money Market accounts, Certificates of Deposit (CDs), and wealth/investment-management services for long-term planning.
Is there a minimum deposit to open a savings account?
For the Basic Savings Account, the required minimum deposit is only $5.
Are there any monthly fees or maintenance charges?
No! The Basic Savings Account has no monthly service or maintenance charges.
How are dividends/interest earned and credited?
Dividends are earned and compounded monthly and credited monthly.
What is the “Peak Tiered Savings” account, and how does it work?
The Peak Tiered Savings account gives a higher rate on lower balances — making it a good option for people saving smaller amounts. As your balance grows, you still continue earning interest, but the structure rewards early savers.
Can I open multiple savings accounts for different goals?
Yes! Members can open additional savings accounts beyond the basic savings, giving flexibility to track savings for separate goals like an emergency fund, a car fund, or a vacation.
Do I need to be a member to open a savings account with On Tap?
Yes, membership with On Tap Credit Union is required to open any savings account or deposit product. If you meet eligibility requirements, you can become a member and access savings, checking, loans, and other services.