Simplify and Amplify Your Savings

Sometimes life can be complicated. It can be tough deciding how to cover your monthly expenses and put money into savings. We get it, and we’re here to help you figure it out.

When you join Navigator Credit Union, all Members automatically sign up for a FREE savings account. The benefits include:

Zero minimum deposit;
Zero minimum balance requirements;
Zero monthly fees;
Higher than average rates on savings account balances; plus
Access to surcharge-free ATMs close to home and more than 80,000 free or reduced fee ATMs across the U.S. through the CO-OP and CULiance networks.

All this means we’re making it easy for you to save so your money will grow fast, helping you reach your financial goals sooner.

What’s more, your money is safe. Saving account deposits at Navigator are insured up to $250,000 by the National Credit Union Administration.

What Should You Save for?

You could focus on saving for one goal or multiple goals at the same time. The options are endless. Consider the following suggestions:

Emergency savings.

Be prepared for whatever life throws at you with an emergency savings account. Having emergency savings is one of the best ways to protect your financial health. With an emergency savings account, you won’t have to worry about using a credit card to charge unexpected expenses like major car repairs or large medical bills.

Vacation savings.

After being stuck at home, help your savings take off by putting money into a sub-savings account earmarked for trips. Then start planning, knowing you won’t have to go into debt to pay for your long-awaited adventures.

Big picture savings.

Thinking about buying a new car, becoming a first-time homebuyer or going to college? Putting money away in a savings account can help you stay on track. If you can let your money grow for at least three months or longer, a money market account or certificate account offer even higher rates on account balances.

Retirement savings.

While your retirement years may seem like they’re far away, start planning today by committing to save for your future. Consider setting up an individual retirement account.

Fund Your Savings Accounts

After you commit to open a savings account, figure out how much you want to save. Use an online savings calculator to try different amounts and timelines to get an idea of how much your savings might grow. When you decide how much you want to save, set up automatic transfers from your checking account into savings every month using online banking or the mobile banking app.

To learn more about the different types of savings accounts at Navigator, visit navigatorcu.org, call our Member Contact Center at 800-344-3281 or stop by your local Branch.