Savings

Your Savings account makes you a member of Allegan Credit Union. Your $5 minimum deposit is your share of ownership of the credit union, and gives you voting rights at our annual meeting. Not to mention, it gives you access to all the other great products and services offered at Allegan Credit Union! Your Savings account earns a dividend rate of 0.10% APY, with dividends posted monthly.

Would you like some extra money in your pocket when the holidays roll around? Us too. That’s why we have the Holiday Club account. There’s no minimum balance, you can deposit whenever you want—and those deposited funds will stay frozen in the account until October 1st of every year. Once the funds are made available, they will roll over into your Savings account, and you’ll be able to start putting money away for next year! The Holiday Club earns 0.10% interest, with dividends paid monthly.

For the young savers out there, we offer the Sprout youth Account with some cool perks. Members under the age of 18 are eligible for this account that earns a higher interest rate of a .50% bump from our current Savings rates. In addition, here are additional benefits:

• We’ll put the first $5 in the account for you, no questions asked! When the member turns 18, their Sprout Account will be closed and those funds will roll over into their Savings savings.
• Good grade deposit: just bring in your child's report card and we'll deposit $1 per A equivalent
• Quarterly drawings with cash prizes for frequent depositors and kids who complete a savings map
• Piggy bank when they open the account to celebrate the milestone and to help them save along the way
•  We’ll pay the $5 share for your child to become a member
• Free use of the coin machine in the Allegan branch

An adult must be signed on the account with all members under the age of 18.