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
Watch your savings grow
When you open a checking account, our Spend to Save program automatically rounds up your debit card transactions to the next dollar, depositing the "spare change" into your savings account.
-
2
Access anywhere
Through the credit union CO-OP network, we offer thousands of free ATMs. 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!
-
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.
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 | 0.10% / 0.10% | Monthly |
| Christmas Club | $0 | 0.10% / 0.10% | Monthly |
| Vacation Club | $0 | 0.10% / 0.10% | Monthly |
| Value Checking | $0 | 0.05% / 0.05% | Monthly |
| Advantage Plus Checking | $0 | 0.08% / 0.08% | Monthly |
| Business Checking II | $500 | 0.05% / 0.05% | Monthly |
| Business Checking III | $2,500 | 0.08% / 0.08% | Monthly |
| IRA Savings Account** | $0 | 0.15% / 0.15% | Monthly |
| Money Market Account | $2,500 - $9,999 | 0.10% / 0.10% | Monthly |
| $10,000 - $24,999 | 0.25% / 0.25% | Monthly | |
| $25,000 - $49,999 | 0.30% / 0.30% | Monthly | |
| $50,000 - $99,999 | 0.35% / 0.35% | Monthly | |
| $100,000 and over | 0.45% / 0.55% | Monthly |
DEPOSIT RATES AND TERMS
Rates Subject To Change Without Notice. Rates as of 9-1-2020.
*APY=Annual Percentage Yield
**On IRA savings accounts, fees could reduce earnings on the account and early withdrawal penalties may be imposed.