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Regular Savings

"It is always a pleasure to do business at the drive-up or walk-up. It's refreshing to feel like my business is truly appreciated."

Man with glasses and beard wearing a turtleneck Bradley W.
  • Safe

    Deposits are federally insured

  • Earns dividends

    Rates comparable to and often higher than competitors

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Your entry to everything

With as little as a $5 deposit, you can start a savings account at the credit union. This simple action instantly makes you a member/owner of Arsenal and gives you access to all of our financial products and services. Once you establish membership, you never lose it as long as you maintain a $5 balance in your savings account and remain in good standing.

Save to reach your financial goals for both the short and long term. Save so you have money to cover emergencies. Save so you don’t always have to borrow money to buy things you want and need.

The credit union difference

Big banks are focused on generating profits for their shareholders, which means their customers become an afterthought. On the other hand, credit unions like Arsenal are not for profit, member owned and service focused. That’s why we can give our members higher yields on deposit accounts and lower rates on loans.

  1. 1

    Your money is readily available

    Our branch office hours are longer than nearly all competitors, and when you visit us, there are no deposit or withdrawal slips to fill out. We're also part of a large network that enables you to do transactions on your Arsenal account at other credit union branches throughout the St. Louis metro area and, in fact, the whole country!

  2. 2

    Access anywhere

    With online and mobile banking available at no cost, you can access your funds and move money easily from one account to another whenever you want. Through the credit union CO-OP network, we also offer thousands of free ATMs.

  3. 3

    Save as you're paid

    We have payroll deduction as an option for this account, so you can make a set amount of your paycheck each month go straight to your savings.

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Open a savings account and
become an Arsenal member.

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Rates

PRODUCT MINIMUM BALANCE TO EARN APY* APY / DIVIDEND RATE / INTEREST RATE COMPOUNDING FREQUENCY
Regular Savings $100 0.10% / 0.10% Monthly (Dividend)
Special Savings $0 0.10% / 0.10% Monthly (Dividend)
Tracker Kids Club $0 0.20% / 0.20% Monthly
Christmas Club $0 0.20% / 0.20% Monthly
Vacation Club $0 0.20% / 0.20% Monthly
Value Checking $0 0.10% / 0.10% Monthly
Advantage Plus Checking $0 0.20% / 0.20% Monthly
Business Checking II $500 0.10% / 0.10% Monthly
Business Checking III $2,500 0.20% / 0.20% Monthly
IRA Savings Account** $0 0.30% / 0.30% Monthly
Money Market Account $2,500 - $9,999 0.25% / 0.25% Monthly
$10,000 - $24,999 0.35% / 0.35% Monthly
$25,000 - $49,999 0.45% / 0.45% Monthly
$50,000 - $99,999 0.50% / 0.50% Monthly
$100,000 and over 0.60% / 0.60% Monthly

DEPOSIT RATES AND TERMS
Rates Subject To Change Without Notice. Rates as of 09-01-18.
*APY=Annual Percentage Yield
**On IRA savings accounts, fees could reduce earnings on the account and early withdrawal penalties may be imposed.

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Total Savings

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FAQs

Christmas club funds are available in early October, and Vacation Club money is available in early May. At these times, the money you've saved – plus the interest you've earned – will be transferred to your savings or checking account, whichever you have chosen. An early withdrawal fee helps you resist the temptation to withdraw funds early.
There is a $25 service fee charged if the account is closed within a year of opening.
You can make three free over-the-counter withdrawals per month. After that, there is a $5 per withdrawal fee. You can do as many withdrawals as you want from an ATM each month, and there's no cost to you as long as you are using one of our ATMs or one of the 30,000 in the CO-OP Network. If you use an ATM outside of this network, you will be charged a fee by us as well as by the owner of the ATM.
To earn interest, you must maintain a minimum average daily balance of $100. Kids club members earn interest on any amount.
Yes. The money in your savings account is federally insured to at least $250,000 by the National Credit Union Administration (NCUA).
Accrued dividends will not be credited if the account is closed before the dividends are paid.
Yes. By setting up a cross-account agreement, you can transfer money, view balances, check transaction history and request transfers from linked accounts – all from one online banking login. The user with access to your account can even make deposits using mobile check deposit on the Arsenal app. To set up account access for another user, the account owner of both the sending account and the recipient account must sign a form for the cross-account relationship to be established. To learn more, contact us or start a live chat.

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Savings for all seasons

Once you open a regular savings account, you are eligible to open other specialized ones with Arsenal.

  • Christmas Club

    Want to make the holidays magical? Open a Christmas Club account to start saving early. Here's how it works: whenever you want, deposit money into your Christmas Club account. Then, in early October, we'll disburse the funds back into your regular savings account. There are no deposit requirements.

  • Vacation Club

    Our Vacation Club account is similar to Christmas Club. You'll save throughout the year, and your money will be disbursed back to you in early May, so you can take your dream vacation. There are no minimum balance or deposit requirements.

  • Kids Savings Club

    Our award-winning Tracker Kids Club (named after our costumed Basset Hound mascot) teaches children age 12 and under the importance of saving money. Our youth accounts typically earn twice as much interest as adult accounts, and as an extra incentive, we give kids a stamp for every $10 they deposit. They can use these stamps to earn cool prizes.

    All Tracker members receive a birthday card in the mail with a double-points offer and invitations to free events held throughout the year. We also do a $10 drawing each month for kids who make a deposit of any amount that month. At the end of each school year, we give club members in kindergarten through sixth grade $1 for every 'A' they receive (up to $10 total) in the first and last semesters in English, math, science, social studies and one other subject. They simply need to bring in their report card or send a copy to Jenny Remes at jremes@arsenalcu.org by the deadline to participate.

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Share Savings

Rate information – The dividend rate and annual percentage yield may change every quarter. We may change the dividend rate for your account as determined by the credit union board of directors.
Compounding and crediting – Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.
Dividend period – For this account type, the dividend period is quarterly; for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last Thursday of the last month of the dividend period. For the example above, for the calendar year 2018, the dividend declaration date is March 29. If you close your account before dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements – The minimum balance required to open this account is $5.00. You must maintain a minimum average daily balance of $100.00 in your account to obtain the disclosed annual percentage yield.
Average daily balance computation method – Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.
Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.
Transaction limitations – During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or computer transfer. No more than three of the six transfers may be made by check or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.
Par value of a share – The par value of a share in this account is $5.00.
Fees and charges – An excessive withdrawal fee of $5.00 will be charged for each over-the-counter withdrawal in excess of three during a month.

Special Savings Account

Rate information – The dividend rate and annual percentage yield may change every quarter. We may change the dividend rate for your account as determined by the credit union board of directors.
Compounding and crediting – Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.
Dividend period – For this account type, the dividend period is quarterly; for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last Thursday of the last month of the dividend period. For the example above, for the calendar year 2018, the dividend declaration date is March 29. If you close your account before dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements – No minimum balance requirements apply to this account.
Average daily balance computation method – Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.
Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.
Transaction limitations – During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or computer transfer. No more than three of the six transfers may be made by check or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.
Fees and charges – An excessive withdrawal fee of $5.00 will be charged for each over-the-counter withdrawal in excess of three during a month.

Tracker Kids Club Account

Rate information – The interest rate and annual percentage yield may change every quarter. We may change the interest rate for your account as determined by the credit union board of directors.
Compounding and crediting – Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
Minimum balance requirements – The minimum balance required to open this account is $5.00.
Average daily balance computation method – Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations – During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or computer transfer. No more than three of the six transfers may be made by check or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.
Par value of a share – The par value of a share in this account is $5.00.

Christmas/Vacation Club Account

Rate information – The interest rate and annual percentage yield may change every quarter. We may change the interest rate for your account as determined by the credit union board of directors.
Compounding and crediting – Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
Minimum balance requirements – No minimum balance requirements apply to this account.
Average daily balance computation method – Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations – During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or computer transfer. No more than three of the six transfers may be made by check or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.
Fees and charges – An early withdrawal fee of $25.00 will be charged for each withdrawal. This fee will not apply if the withdrawal is made within the first seven days the club account is open.