Why members choose Empeople savings accounts
Market-leading rates
Wave rate shopping goodbye. Rest easy knowing you have a market-leading rate on your savings accounts year-round.
Organize goals your own way
Open up to seven savings sub-shares in Empeople Digital Banking. Personalize each share with the name of a specific savings goal.
5-star mobile access, 24/7
Deposit checks, move your money, manage debit and credit cards, and view your balance from anywhere with our top-rated mobile app.
Optimize your savings today
Set recurring transfers
Automate your savings to make steady progress toward your most important goals. Set it up once and watch your savings grow.
Go All-In with Empeople
Maximize your earnings by combining the benefits of the Rise Transaction Account, Empeople Credit Card and high-yield savings.
Open a Rise Transaction Account
Earn more on your daily purchases with a Rise Transaction Checking Account, where every swipe of your debit card is like a little boost toward your goals.
Grow your money your own way
High-yield savings
A high-rate savings account that eliminates the need to rate chase.
- Earn tiered dividends
- No minimum deposit required
- No daily balance requirement
- Unlimited withdrawals
- No monthly fees
Certificate of deposit
A steady, predictable way to grow your savings over a timeframe you choose.
- $500 minimum deposit to open
- Terms from 3 to 60 months
- Dividends are compounded and paid monthly
- Subject to early withdrawal penalties
Money market
A tiered‑rate savings option that rewards higher balances without locking you in.
- Earn tiered dividends
- No minimum deposit required
- No daily balance requirement
- Unlimited withdrawals
- No monthly fees
Health Savings Account (HSA)*
A long‑term, tax‑smart way to cover tomorrow’s medical expenses your own way.
- Tax-deferred earnings*
- Pay no taxes on money used for qualifying expenses*
- No minimum balance required
- No average daily balance requirement
- Unlimited withdrawals
- No monthly fees
* To be eligible for a HSA, you must be covered by a High-Deductible Health Plan (HDHP). Please consult your tax advisor for more information.
Earn All-In Member Pricing savings perks
Unlock boosted deposit earnings on your high-yield savings and money market accounts when you go all-in on partnering with Empeople for every step of your financial journey.
All-In Member Pricing requirements
$1,500 in direct or mobile deposits into a qualifying Empeople account monthly1
21+ debit or credit card transactions per month1
Savings Account FAQs |
Do I have to maintain a minimum balance to have a savings account or to earn interest?
The minimum balance to keep your membership share (prime share) open is $5. There are no daily average minimum balance requirements to earn interest on prime share savings accounts, sub-share savings, high-yield savings accounts (HYSA), money market accounts, or health savings accounts.
Are my account funds insured to protect me from a loss?
Yes! Your deposit accounts are insured by the National Credit Union Association (NCUA) up to $250,000 per depositor.
The NCUA’s insurance fund is one of the healthiest of all federal deposit insurance funds, and is similar to the FDIC insurance that covers bank accounts.
How do I open additional savings accounts within Empeople Digital Banking?
To open a new savings sub-share, watch this tutorial or follow the steps below. From your digital banking dashboard:
- Select your account profile.
- Choose “Add an Account.”
- Select “Open a New Share or Certificate.”
- Follow the on-screen prompts to select a savings account type and fund your account.
Note: You can open seven sub-shares through digital banking. Need more? Send us a secure message and we’ll be happy to assist.
Can I have more than one sub-share savings account?
Yes. You may open up to seven sub-shares through digital banking. Additional sub-shares can be opened by contacting our member service center via phone or secure message.
What’s the difference between a regular savings account and the sub-share savings account?
The only difference between your prime share savings and a sub-share savings is that a sub-share is an additional savings “bucket.” It earns the same dividends as your prime share, but does not require a $5 minimum balance. Many members use sub-shares to organize their financial goals — saving up for college, an emergency fund, etc.
Do I have a mobile deposit limit?
With the Empeople mobile app, you can deposit up to $2 million in checks each day, and up to $2.25 million in checks total over any 30-day period. Mobile deposits are subject to holds as outlined in our Funds Availability Policy.
How can I open an Empeople certificate of deposit?
To open a new certificate, watch this tutorial, or follow the steps below. From your digital banking dashboard:
- Select your account profile.
- Choose “Add an account.”
- Select “Open a new share or certificate.”
Follow the on-screen prompts to select a certificate term and fund your account.
Do certificates automatically renew at maturity?
When your certificate matures, it will automatically renew for your convenience, and you will receive whatever rate is effective at the time of renewal. You can change the renewal option any time during the term of the certificate through either online banking or the mobile app.
When will dividends post to certificates?
Dividends will be compounded and credited to your account monthly. Dividends earned on your certificate will appear on your monthly statement. You can also verify dividends earned on your certificate through digital banking.
Savings basics
Discover expert savings strategies, budgeting tips, and tricks to reach your financial goals faster with Empeople Insights.
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1. 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying transaction. Dividends are compounded and credited monthly and are calculated based on the daily balance method. Excludes ATM and cash transactions. For full terms and conditions, please refer to our Truth in Savings Disclosure.