Perhaps money can't buy happiness. But saving money can sure make life easier.
ALEC offers a variety of savings accounts that can help you achieve your financial goals and provide the comfort of knowing you have the money you need set aside for important purposes. Compare the features of each account below.
Make your money work harder. Our Savings Account offers a competitive dividend rate, and also allows you to reap the many other benefits of your ALEC membership1.
We believe the holidays are a time to give generously — not a time to stress over shopping bills. That’s why many ALEC members establish a Holiday Club Savings Account. It’s a smart, easy way to put money aside earlier in the year, so that when the holidays roll around, you’ll be rolling in cash.
If you know you’re going to need money for a specific purpose or certain event, our Special Savings Account is a smart way to make sure you’ll have enough to cover the expense. Typical uses include such obligations as making tax payments, saving for a home escrow, paying insurance premiums — or even just setting aside a pool of cash for unexpected emergencies.
| Account Type | Nominal Rate | APY** |
|---|---|---|
| Savings Account | 0.747% | 0.75% |
| Special Savings | 0.747% | 0.75% |
| Holiday Club Savings2 | 0.747% | 0.75% |
Nothing is more important to us than protecting your money. All ALEC accounts are insured up to $250,000 by American Share Insurance (ASI), the nation's largest private deposit insurer. No credit union member has ever lost a penny in an ASI-insured account.
