Clearwater’s personal savings accounts provide a secure way for you to save for emergencies, holiday shopping expenses, a vacation, or even a new car. You’ll earn a competitive interest rate while ensuring your savings align with socially responsible values.
To open your account, please have the following items ready:
I want to save for...
As a member-owned financial cooperative, we require this account to establish your Clearwater membership and all that comes with it. Plus, you can open as many secondary savings accounts as you wish without the $5 minimum opening balance.
APY = Annual Percentage Yield. Rates effective as of
| Min | Max | APY | Rate | Interest Accrues | Dividends Paid |
|---|---|---|---|---|---|
| $5 | —— | 0.05% | 0.05% | Daily | Monthly |
Our “Very Important Purchase” account helps you save for annual expenses while earning a higher interest rate. Save for a vacation, holiday spending, or even insurance premiums. Deposit your funds, and we’ll hold them until a future date of your choosing, up to 12 months.
APY = Annual Percentage Yield. Rates effective as of
| Min | Max | APY | Rate | Interest Accrues | Dividends Paid |
|---|---|---|---|---|---|
| $5 | $2,500 | 0.50% | 0.50% | Daily | Monthly |
| $2,501 | —— | 0.05% | 0.05% | Daily | Monthly |
Ideal for high-balance savers who want to stay liquid, this account earns tiered dividends for higher balances.
APY = Annual Percentage Yield. Rates effective as of
| Min | Max | APY | Rate | Interest Accrues | Dividends Paid |
|---|---|---|---|---|---|
| $0 | $50,000 | 1.50% | 1.49% | Daily | Monthly |
| $50,001 | $100,000 | 1.75% | 1.74% | Daily | Monthly |
| $100,001 | —— | 2.00% | 1.98% | Daily | Monthly |
$1,500 minimum monthly balance to avoid $5 fee
Available in Traditional, Roth, and SEP types, this tax-deferred savings account helps you save for qualified elementary and secondary educational expenses for youth under age 18 or for special needs beneficiaries.
APY = Annual Percentage Yield. Rates effective as of
| Min | Max | APY | Rate | Interest Accrues | Dividends Paid |
|---|---|---|---|---|---|
| $0 | —— | 0.05% | 0.05% | Daily | Monthly |
Available in Traditional, Roth, and SEP types. The IRS sets rules for contributions and withdrawals.
This tax-advantaged account helps you save for the down payment on your very first home for up to 10 years. Deposit as much as you want, but annual contributions are tax deductible only for the first $3,000 if you’re single or $6,000 if you’re married filing jointly.
Clearwater is a member-owned organization. Your Primary Savings account establishes your membership and voting rights and is the gateway to all our financial products and services.
Yes, your accounts are federally insured to at least $250,000 by the NCUA.
NCUA stands for National Credit Union Association. It is like the FDIC but for credit unions. The NCUA insures deposits held at federally insured credit unions like Clearwater. Learn more about NCUA insurance.