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Southbridge Credit Union

Savings Accounts

From savings accounts to certificates of deposit (also known as CDs) & individual retirement accounts (known as IRAs) to club accounts, Southbridge Credit Union helps you with options to save and invest your money. Think of us as your financial partner – we’ll work with you to create your personal financial plan. Rest assured knowing member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund, with supplemental coverage provided by Massachusetts Share Insurance Corporation (MSIC). Come into any of our convenient locations, and a friendly and knowledgeable financial services specialist will be happy to assist you!

Becoming an SCU member is easier than you think!

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Prime Share Savings
Kasasa Saver with Cash®
Kasasa Saver with Cash Back®
Regular Share Savings

Prime Share Savings

Prime Share Savings

Any person, business or organization wishing to become a member of Southbridge Credit Union must live, work or operate within our sphere of operation which includes the Massachusetts counties of Worcester, Bristol, Franklin, Hampshire, Norfolk, Hampden and Middlesex. You can open a membership account today at any of our locations with as little as a $5 balance in a prime share account – this serves ‘as a share’.

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Kasasa Saver with Cash®

Kasasa Saver with Cash

Simplify saving — add this free account to your free Kasasa® checking. When you earn rewards in your Kasasa® checking account, you can build your savings with your Kasasa Saver — that pays up to 1.00% APY* every month!

  • Must be linked to a free Kasasa Cash checking
  • 1.00% APY* on balances up to $15,000
  • 0.40% to 1.00% APY on balances over $15,000.01 depending on balance in account*
  • 0.05% APY* if qualifications are not met in Kasasa Cash
  • No minimum balance to earn rewards
  • Rewards will automatically transfer from your Kasasa Cash Checking account
  • No monthly service fee
  • Free online banking
  • Free mobile banking including mobile deposits
  • Free Debit/ATM card available with no annual fee
  • Free eStatements
  • $5 minimum deposit to open

How to Earn Your Rewards (It’s Easy!)

Qualifying for your Kasasa Cash rewards automatically qualifies you for the highest Kasasa Saver rate, too.* To earn your rewards, just do the following transactions and activities in your Kasasa Cash account during each Monthly Qualification Cycle:

  • Have at least 1 direct deposit or automatic payment (ACH) transaction post and settle
  • Have at least 12 debit card transactions post and settle
  • Be enrolled in online banking and eStatements

If you don’t meet these qualifications, your accounts are still free.

Plus, you’ll earn our base rate in both Kasasa Saver and Kasasa Cash and you can get right back to earning your full rewards the very next cycle that you qualify.

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View Kasasa Checking Options

Monthly Qualification Cycles

Month Start Date* End Date* Statement Date
December 2018 11/30/2018 12/27/2018 12/31/2018
January 2019 12/28/2018 01/30/2019 01/31/2019
February 2019 01/31/2019 02/27/2019 02/28/2019
March 2019 02/28/2019 03/28/2019 03/31/2019
April 2019 03/29/2019 04/29/2019 04/30/2019
May 2019 04/30/2019 05/30/2019 05/31/2019
June 2019 05/31/2019 06/27/2019 06/30/2019
July 2019 06/28/2019 07/30/2019 07/31/2019
August 2019 07/31/2019 08/29/2019 08/31/2019
September 2019 08/30/2019 09/26/2019 09/30/2019
October 2019 09/27/2019 10/30/2019 10/31/2019
November 2019 10/31/2019 11/28/2019 11/30/2019
December 2019 11/29/2019 12/27/2019 12/31/2019
*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by Southbridge Credit Union. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through two (2) business days prior to the close of the current statement cycle. Reward Information: When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the current statement cycle: Kasasa Saver: Balances up to $15,000 receive APY of 1.00%; and balances over $15,000 earn 0.25% interest rate on the portion of balance over $15,000, resulting in a range from 0.40% to 1.00% APY depending on the account’s balance. Kasasa Cash: Balances up to $15,000 receive a non-compounding APY* of 2.00%; and balances over $15,000 earn 0.25% interest rate on the portion of balance over $15,000, resulting in a non-compounding range from 0.60% to 2.00% APY* depending on the account’s balance. When Kasasa Cash qualifications are not met, Kasasa Saver: All balances earn 0.05% APY. Kasasa Cash: All balances earn a non-compounding APY* of 0.05%. *When linked to the Kasasa Saver account, the interest/dividends earned within the Kasasa Cash account does not compound since it is automatically transferred to the Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your Kasasa Cash account if the account’s balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield. APYs accurate as of 1/31/2019. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $5 minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking, electronic statements, are required to meet some of the account’s qualifications. A Kasasa Cash account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly service charges or fees to open or close this account. Contact one of our Financial Service Specialists at Southbridge Credit Union for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Member MSIC. Kasasa, Kasasa Cash and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

Kasasa Saver with Cash Back®

Kasasa Saver with Cash Back

Simplify saving — add this free account to your free Kasasa Cash Back® checking. When you earn rewards in your Kasasa® checking account, you can build your savings with your Kasasa Saver — that pays up to 1.00% APY* every month!

  • Must be linked to a free Kasasa Cash checking
  • 1.00% APY* on balances up to $15,000
  • 0.40% to 1.00% APY on balances over $15,000.01 depending on balance in account*
  • 0.05% APY* if qualifications are not met in Kasasa Cash
  • No minimum balance to earn rewards
  • Rewards earned in your Kasasa Cash Back Checking account will automatically post to your Kasasa Saver account
  • No monthly service fee
  • Free online banking
  • Free mobile banking including mobile deposits
  • Free Debit/ATM card available with no annual fee
  • Free eStatements
  • $5 minimum deposit to open

How to Earn Your Rewards (It’s Easy!)

Qualifying for your Kasasa Cash rewards automatically qualifies you for the highest Kasasa Saver rate, too.* To earn your rewards, just do the following transactions and activities in your Kasasa Cash account during each Monthly Qualification Cycle:

  • Have at least 1 direct deposit or automatic payment (ACH) transaction post and settle
  • Have at least 12 debit card transactions post and settle
  • Be enrolled in online banking and eStatements

If you don’t meet these qualifications, your accounts are still free.

Plus, you’ll earn our base rate in both Kasasa Saver and Kasasa Cash and you can get right back to earning your full rewards the very next cycle that you qualify.

Open Now
View Kasasa Checking Options

Monthly Qualification Cycles

Month Start Date* End Date* Statement Date
December 2018 11/30/2018 12/27/2018 12/31/2018
January 2019 12/28/2018 01/30/2019 01/31/2019
February 2019 01/31/2019 02/27/2019 02/28/2019
March 2019 02/28/2019 03/28/2019 03/31/2019
April 2019 03/29/2019 04/29/2019 04/30/2019
May 2019 04/30/2019 05/30/2019 05/31/2019
June 2019 05/31/2019 06/27/2019 06/30/2019
July 2019 06/28/2019 07/30/2019 07/31/2019
August 2019 07/31/2019 08/29/2019 08/31/2019
September 2019 08/30/2019 09/26/2019 09/30/2019
October 2019 09/27/2019 10/30/2019 10/31/2019
November 2019 10/31/2019 11/28/2019 11/30/2019
December 2019 11/29/2019 12/27/2019 12/31/2019
*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, PIN-based and signature based debit card purchases processed by merchants and received by our credit union as ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by Southbridge Credit Union. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through two (2) business days prior to the close of the current statement cycle. Reward Information: When your Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the current statement cycle: Kasasa Saver: Balances up to $15,000 receive APY of 1.00%; and balances over $15,000 earn 0.25% interest rate on the portion of balance over $15,000, resulting in a range from 0.40% to 1.00% APY depending on the account’s balance. Kasasa Cash Back: 2.00% cash back on up to a total of $300.00 PIN-based/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $6.00 cash back may be earned per Monthly Qualification Cycle. When Kasasa Cash Back qualifications are not met, Kasasa Saver: All balances earn 0.05% APY. Kasasa Cash Back: No cash back payments are made. APY = Annual Percentage Yield. APYs accurate as of 1/31/2019. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments and other requirements apply. $5 minimum deposit is required to open the account. Enrollments in electronic services (e.g. online banking, electronic statements) are required to meet some of the account’s qualifications. An account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly service charges or fees to open or close this account. Contact one of our Financial Service Specialists at Southbridge Credit Union for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Member of MSIC. Kasasa, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

Regular Share Savings

Regular Share Savings

Talk with us about savings accounts at Southbridge Credit Union. We want to help you with options to save and invest your money. Think of us as your financial partner – we’ll work with you to create your personal financial plan.

National Credit Union Share Insurance Fund & Massachusetts Share Insurance Corporation (MSIC)

Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund, with supplemental coverage provided by MSIC.

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Minimum Balance Requirements

The minimum balance required to open this account is $5.00.

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