Savings Accounts
Build funds for future needs
When you become a Cedar Point Federal Credit Union® member, you receive a basic savings account to begin growing funds for the future. Save for a home or car down payment, a dream vacation, or an emergency fund for unexpected expenses.
Your savings account stays with you throughout your membership as long as you maintain the minimum $5 balance.
Your account number is your Member ID for all Cedar Point accounts. Open additional savings (“sub-savings”) accounts at any time. Options include Youth Accounts and our Holiday Club.
You can also earn interest at a competitive rate by maintaining an average daily balance of at least $100. You’ll receive monthly statements on your accounts, as well as quarterly dividends. We also offer eStatements for members who prefer to receive electronic documents. You can view your accounts and statements at any time using digital banking.
Rates information is accurate as of June 1, 2025.
| Account Type | Annual Percentage Yield (APY) | Dividend Rate | Minimum Balance to Earn APY |
|---|---|---|---|
| Primary Savings | 0.050% | 0.050% | $100.00 |
| Sub Savings | 0.050% | 0.050% | $100.00 |
| Holiday Club | 0.050% | 0.050% | $100.00 |
| Youth | 0.050% | 0.050% | $100.00 |
| Checking | 0.025% | 0.025% | $500.00 |
Holiday Club
Holiday expenses can build quickly. Why not start saving now for those future purchases?
Cedar Point members can open a Holiday Club account at any time and make deposits throughout the year. Those funds will become available to you for the holiday shopping season.
Here’s how the Holiday Club works:
- Open a Holiday Club account anytime.
- Make deposits throughout the year.
- Set and forget: It’s easy to set up automatic transfers in digital banking.
- On the first business day of October, the funds you deposit are automatically transferred to your designated primary savings or sub-savings account.*
- Spend your accumulated funds on holiday gifts.
