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 Administration (NCUA) for at least $250,000.00 per account. Click here to learn more about share insurance through the NCUA.

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

If you are looking for a higher interest rate on your savings, consider a share certificate.  A share certificate is like a certificate of a deposit at a bank where funds must remain in your account for a pre-determined amount of time.  The funds are available to be withdrawn at any time, however, if the funds are withdrawn earlier than the pre-determined amount of time, you may incur a penalty.  We offer share certificates with terms as short as 6 months and as long as 60 months with a $1,000 minimum balance.    The longer the term of the share certificate, the higher the rate.  We offer highly competitive rates on Share Certificates, producing excellent 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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