Savings Accounts

In the world of credit unions, savings accounts are also known as "share" accounts. When you join a credit union and open an account, you become a member and part owner. Simply put, your initial deposit buys a share in the credit union. Share savings accounts pay dividends, similar to interest from a bank savings account.

Wailuku Federal Credit Union offers a variety of share savings accounts with highly competitive rates. And all funds deposited in our credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF) for at least $250,000.00 per account. Click here to learn more about share insurance through the NCUSIF.

Just like our checking accounts, Wailuku Federal Credit Union's savings accounts come with secure and convenient online banking, including features like direct deposit and easy funds transfer between your WFCU accounts.

You can become a Member-Owner of Wailuku Federal Credit Union by opening a Regular Savings Account with as little as $50 (plus a $1 membership fee). The reasons for opening a Regular Savings Account are as widespread as the dreams of our members. You may be saving for a trip or a home improvement, or even starting a college fund. Or you may be putting aside an emergency fund. Whatever the reason, you'll earn dividends from our highly competitive interest rates that help speed up the journey to your goals.


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Share Certificates

Share Certificates are the same as Certificates of Deposit, better known as CDs. They're a form of savings account where you deposit money and agree to leave it untouched for a certain period of time, usually 6 months or longer. As a result, you earn a higher yield than a standard savings account. Wailuku Federal Credit Union offers Share Certificates with terms as short as 6 months and as long as 24 months, with a $1,000.00 minimum deposit. We offer highly competitive rates on Share Certificates, producing exceptional yields for our members.


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Holiday Savings Account

It's no secret that people's spending often increases during the holidays. Fortunately, Wailuku Federal Credit Union has a special savings account set up to ensure you've put enough cash aside for the season. With a Holiday Savings Account, you'll make deposits throughout the year that will be available for withdrawal on October 1. The Holiday Savings Account is a great way to plan for increased holiday expenses while lowering stress at the same time.

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