Savings & Investments

Whether you’re saving for the short term or planning for the future, we offer a range of savings and investment options to help you reach your goals.

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Your savings & investment journey

Your financial health is built one step at a time. With a clear goal and the right tools, saving becomes a little easier and a lot more achievable

Set your goal

Choose the
right account

Open your account

Save & grow
with confidence

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Savings accounts

Your savings account is the starting point for your membership at HealthCare Associates Credit Union. More than a traditional savings account, it represents your ownership and opens the door to our full range of financial products and services.

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Saving account As high as APY¹ 0.05%

What to know about our savings account:

$5 minimum deposit opens your account and establishes membership.
Care Team tip: This one-time deposit makes you an owner of the credit union.
Balances over $100 earn interest.
Access your money anytime with unlimited deposits and withdrawals through online banking & mobile banking, thousands of ATMs, and shared branches nationwide.
Care Team tip: Shared branching lets you access your account at other credit unions across the country.
We offer a Christmas Club Savings to help you set aside money throughout the year for holiday expenses.

Certificates

Certificates of deposits (CDs) are a smart way to grow your savings when you don’t need immediate access to your funds. By setting money aside for a fixed term, you can earn a higher, guaranteed rate and plan with confidence.

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Certificates As high as APY² 3.80%

Here's how it works:

Choose a term that fits your goal.
Care Team tip: CD terms range from short to long, letting you plan around when you’ll need your money.
Earn a fixed rate for the entire term.
Care Team tip: Your rate won’t change, even if market rates do.
Know exactly what your savings will earn at maturity.
At the end of your term, renew your certificate, withdraw your funds or reinvest to keep growing.
Care Team tip: We’ll notify you before your CD matures so you can decide what’s next.

Certificates are ideal for planned expenses, future goals or savings you want to grow steadily without risk.

Premier Money Markets

Your Premier Money Market account is a flexible way to grow your savings while still keeping your money within reach. It’s ideal for members who want to earn more than a traditional savings account while maintaining easy access to their funds.

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Premier Money Market As high as APY³ 0.90%

What to know about a Premier Money Market account:

Earn higher interest rates than standard savings.
Care Team tip: Money market accounts typically earn more because they require higher balances.
Tiered interest means the more you save, the more you earn.
Top-tier rates available for balances of $100,000 or more.
Access your funds with up to three (3) checks per month (minimum $500 each).
Care Team tip: This limit helps your savings earn higher dividends while still giving you flexibility.
Easily transfer funds to another HACU account using online banking.

IRAs & ESAs

Individual retirement accounts (IRAs) and education savings accounts (ESAs) help you save for retirement or education expenses in a tax-advantaged way. Whether you want to plan for the future, support a child’s education, or reduce taxable income, we offer options designed to fit your goals.

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IRAsas high as APY⁴3.00%

What to know about IRAs & ESAs:

Choose between Roth and traditional IRAs based on whether you prefer to pay taxes now or later.
Care Team tip: Roth IRAs are funded with after-tax dollars. Traditional IRAs may offer tax-deductible contributions.
Contribution limits and eligibility are based on IRS guidelines and income requirements.
Traditional IRAs require withdrawals beginning at age 73; Roth IRAs do not.
Care Team tip: Required minimum distributions apply only to certain account types.
Withdrawals may be tax- and penalty-free when IRS qualifications are met.
Coverdell ESAs help you save up to $2,000 per year per beneficiary for qualified K–12 and post-secondary education expenses.
Qualified ESA withdrawals are tax-free when used for eligible education costs.

What others are saying

View All Testimonials ❯

❛❛

Gaby went above and beyond helping me open my new account. She pointed out banking options I didn’t even know I needed and was so patient the whole time. Her knowledge is incredible, and she made everything easy to understand. Thank you so much, Gaby — I couldn’t have done it without you!

Lenore

❛❛

Jennifer went above and beyond helping me. She even followed up with me with a call back, explaining more saving options. Great service!

Kenny

❛❛

Gaby went above and beyond in helping me open a new account. She guided me through banking needs I didn’t even know about and was incredibly patient throughout the process. Her knowledge is truly impressive. Thank you so much, Gaby. I couldn’t have done it without you!

Lenore W.

❛❛

Bri was very helpful with our recent transaction. She was very kind. She is one of the reasons we continue to bank with HACU.

Jeffery L.

❛❛

I am a proud member and wouldn’t go anywhere else. As a longtime member, HACU has never disappointed me. I’m also glad that services can be done online— it’s a definite win!

Pamela S.

❛❛

Gwyn was so helpful and had all the answers! I’m getting a large pension check and had a lot of questions about things like money markets and rates. She made everything easy to understand and was super personable—even sharing her direct email at HACU to make things simple.

Kathleen G.

Savings & investment resources

Six ways to up your savings game

How do I open a savings account?

You can open a savings account online or at any one of our branches. If you're not a member yet, join and open your savings online.

Is there a minimum opening deposit?

You can open a savings account with as little as $5.00.

What interest rates are offered on savings accounts?

We offer members competitive interest rates on our savings accounts. View our current deposit rates.

Are there limits on withdrawals or transfers?

We do not limit the frequency of withdrawals or transfers from our savings accounts.

Do you offer specialty savings accounts (youth, holiday, etc.)?

Yes, in addition to our Christmas Club savings account, we offer a special savings account that you name yourself to best represent your savings goal, whether vacation, wedding or the fanciest espresso machine on the market.

Can I link my savings to checking for overdraft protection?

Yes, you can link your savings account to your checking account to cover any overdrafts.

How often is interest compounded and paid?

Interest is compounded and paid monthly.

Can I access my savings online or through the mobile app?

Yes, we offer online and mobile banking for easy access to your accounts.

Are savings accounts insured?

Yes, each account is insured up to $250,000 per account holder by the National Credit Union Administration (NCUA) and is backed by the federal government. Accounts are insured up to an additional $250,000 by Excess Share Insurance (ESI), a subsidiary of American Share Insurance, the nation's largest private deposit insurer for credit unions.

What fees, if any, apply to savings accounts?

Members can avoid fees in their savings account by maintaining a minimum balance of $100 or by having an open qualifying product, such as premier money market, CD, IRA, credit card or any type of loan. Dormant accounts and those with nonsufficient funds may be assessed fees.

What is Telephone Teller?

Telephone Teller is our automated Personal Account Manager (PAM) that gives you quick, secure access to your accounts by phone—anytime, day or night. There’s no waiting in line, and it’s available on weekends and holidays too. You can check balances, review recent activity, transfer funds, make loan payments, place stop payments and more.

What can I do with Telephone Teller?

With Telephone Teller, you can:

Check checking and savings account balances
Review recent transactions like deposits and withdrawals
Transfer funds between eligible accounts
Access loan details, including balances and payment due dates
Make loan payments
Initiate stop payments
And more

What is the Telephone Teller phone number?

You can reach Telephone Teller at 630.276.5726 or 800.213.6445 (outside Chicagoland). Save the number to your phone for easy access anytime.

Ready to get started?

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