Savings Accounts
Ready to make your money work harder? Open a savings account with Energy One Federal Credit Union and discover the power of simple, effective savings. Whether you’re building an emergency fund, planning ahead, or saving for the future, our savings accounts help you grow with confidence: one deposit at a time.
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Benefits of Saving
Savings accounts designed to help you build security, flexibility, and long-term financial success.
Easy to Open Online
Automatic Savings Options
Low Minimums to Get Started
Accounts for Every Life Stage
Dividend-Earning Accounts
Member-Owned Credit Union Value
Explore Savings Account Options
Ownership Share Account
Open an Ownership Share account to access all the benefits of Energy One membership.
- Just $5 per member to open
- Maintain a $100 daily balance to earn quarterly dividends
- ATM access included (restrictions may apply)
- A $2 monthly service fee applies if your balance drops below $100 at any time during the month and you have no other loans or accounts
- Start building your financial foundation today with a secure, dividend-earning account.
Round-Up Savings
Grow your savings automatically with our Round-Up Savings program.
Every time you make a purchase, we round up the transaction to the nearest dollar and transfer the difference to your savings. Why members love it:
- Effortless – Save without thinking about it
- Secure – Build a cushion over time
- Convenient – No manual transfers needed
- Consistent – Small steps toward long-term goals
Youth Savings Account (Ages 15–24)
Designed for ages 15–24, this account helps young members build strong financial habits.
- $5 minimum to open
- Earn dividends with a $100 daily balance
- Dividends compounded quarterly
- ATM access included (restrictions may apply)
- Proof of school enrollment required after age 18.
Kid’s Cash Club (Ages 14 & Under)
A personal savings account for children 14 and under, with exciting perks!
- $5 minimum to open
- Earn dividends with just $25 daily balance
- Dividends compounded quarterly
- Enjoy quarterly cash prize drawings and birthday gifts!
Holiday Club
Plan ahead for holiday spending with this dedicated savings account.
- Earn dividends with just $5 daily balance
- Dividends compounded monthly
- Funds automatically transfer to your savings account on November 1 each year.
Escrow Shares
A savings account built for managing taxes, insurance, and other home costs.
- No minimum balance required to earn dividends
- Dividends compounded monthly
- Keep your home finances organized and separate.
IRA Money Fund
Ideal for members making periodic withdrawals from their IRA.
- $5 minimum to open
- No minimum balance to earn dividends
- Dividends compounded monthly
- No fixed maturity or withdrawal penalties
Revocable Trust Account
This account serves as a depository for revocable trusts.
- A successor, trustee, or beneficiary must be named on the signature card
- Designed for estate planning and fiduciary needs.
Health Savings Account (HSA)
An HSA is a tax-advantaged account for qualified medical expenses for you and your family.
- Use funds for doctor visits, prescriptions, and more
- Enjoy tax benefits and long-term savings potential
- No fixed maturity or penalties for qualified withdrawals
- Eligibility rules apply—consult your employer, insurer, or tax advisor to confirm your qualifications and contribution limits.
Savings Calculator
Compare
| Earns Dividends/Interest | Minimum Balance to Earn | Fees | Savings Program | Account Access |
Energy One Credit Union | | Low | Low | | |
Local Credit Union | | Moderate | Low | | |
National Bank | | Higher | Often | | |
Online-Only Bank | | Low | Low | | |
Retail Bank | | Moderate | Often | | |
FAQs
Can I automate my savings?
Yes. Round-Up Savings makes it easy to save automatically with everyday purchases.
Do savings earn dividends?
Yes. Many Energy One savings accounts earn dividends on qualifying balances, including: OneUp! Checking, all Money Market Accounts, Certificates of Deposits, and all Savings accounts.
Are savings accounts insured?
Yes. Savings accounts are federally insured by the NCUA up to applicable limits.
Become a member today.
Get started by opening a free checking account online today.
