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.
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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!
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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.
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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.
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 | 0.50% / 0.50% | Monthly | |
| $25,000 - $49,999 | 0.75% / 0.75% | Monthly | |
| $50,000 - $99,999 | 0.80% / 0.80% | Monthly | |
| $100,000 and over | 0.90% / 0.90% | Monthly |
DEPOSIT RATES AND TERMS
Rates Subject To Change Without Notice. Rates as of 12-01-18.
*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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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.