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Savings Account

Special Savings Account

Savings accounts to fit your individual and family goals.

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 membership.*


Features of our Savings Account:


Your savings are safe.

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.


Start saving more today.

ALEC makes it easy to open an account. Or you can visit an ALEC Service Center. Or call 800.762.9988. 

Click here to view our current rates.
Account Type Nominal Rate APY*
Savings Account 0.499 % 0.50 %
Special Savings 0.499 %
0.50 %
Holiday Club Savings 0.499 % 0.50 %

*The Annual Percentage Yield is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance. Rates subject to change monthly. A penalty may be imposed on an early withdrawal of a Holiday Club. Holiday Club funds will be transferred into a members savings account on November 1st. The nominal rate is the rate used to calculate the monthly dividend.


* A $5 minimum balance must be in the account to maintain active membership and be eligible to use other ALEC products and services. Effective August 1, 2013, savings account transactions will be limited. The nominal rate is the rate used to calculate the monthly dividend. Click here for disclosure information.