High-Yield Savings Account For Students

Unlock Financial Freedom with the Unilever Federal Credit Union’s High-Yield Savings Account!

Student life is all about learning and growing, and your financial journey should be no exception. That’s why the UFCU  is thrilled to introduce our exclusive High-Yield Savings Account, designed especially for students like you!

**Make Every Dollar Count**: We get it, being a student can be financially challenging. But with the UFCU’s High-Yield Savings Account, your money won’t just sit there—it’ll grow! Our competitive interest rates will help you make the most of your hard-earned cash.

️ **Safe and Secure**: Your financial security is our top priority. Rest easy knowing that your funds are NCUA-insured, offering you the peace of mind you deserve.

**Bank on Your Terms**: Access your account anytime, anywhere, with our user-friendly online and mobile banking platforms. Managing your money has never been this easy or convenient.

**Join the UFCU Community**: When you choose UFCU, you’re not just opening an account; you’re becoming part of a community that cares about your financial success. 


Ready to take the next step toward financial freedom? Open your UFCU High-Yield Savings Account today and start watching your savings grow while you focus on acing your classes and pursuing your dreams!


Here are some common questions:

What is a high-yield savings account?

How to use a high-yield savings account?


What is a high-yield savings account?

A high-yield savings account is a type of savings account that typically pays a higher interest rate compared to a standard savings account. These accounts are designed to help members grow their savings more quickly because they offer a competitive interest rate on the money deposited into the account.

Here are some key features and characteristics of our high-yield savings accounts:

1. Higher Interest Rates: The primary attraction of a high-yield savings account is the higher interest rate it offers compared to regular savings accounts. The interest rates are often variable and can be influenced by market conditions, but they tend to be more competitive.

2. No Fees: Our high-yield savings accounts have no monthly maintenance fees, making them cost-effective for savers. 

3. Easy Access: You can usually withdraw money from these accounts through electronic transfers, ATM withdrawals, or in-person banking, though there may be some restrictions on the number of withdrawals you can make per month.

4. NCUA Insurance:  This means that your deposits are protected up to a certain limit (usually $250,000 per account).

5. No Risk to Principal: Unlike investments in stocks or other financial instruments, high-yield savings accounts are considered low-risk. Your principal amount (the initial amount you deposit) is safe, and you’ll earn interest on it.

6. Online Banking: Manage your account entirely online. 


How to use a high-yield savings account?

Building an Emergency Fund

It may be a good place to build an emergency fund that is your safety net in case you have an unexpected expense. 

Saving for a High Value Purchase

Perhaps you are saving for a car or a big-ticket item.  A high-yield savings account can be a secure, interest-bearing place to park those funds until you are ready to use them.

Saving Surplus Money

A high-yield account can also be a great place for any extra cash for which you may be figuring out next steps. That extra cash can go into a high-yield savings account rather than sit in your checking account earning zero interest.

Separating Your Money

Sometimes, setting up an additional savings account can help you organize your money. Perhaps you want to have multiple accounts to help you achieve different goals, such as an account for future educational expenses. As you save money towards each of those aims, you might as well accrue some interest. A high-yield savings account will help you do that, and let you check on how your cash is growing towards each goal.