Vacation Savings Accounts Features & Benefits

Move your vacation getaway dreams from the piggy bank to the credit union with benefits that get you closer to your destination.

  • $5 minimum to open
  • Competitive APY amounts
  • Customized account names
  • Own & manage multiple accounts

Vacation Savings Account Rates

Savings Rates as of January 1, 2020. Rates are subject to change.

Product Name Minimum Balance APY*
Special Savings $5 0.05%

*Annual Percentage Yields (APYs) earned on Arbor Financial Credit Union's savings programs are calculated by the daily balance method. For savings accounts, dividends are compounded and paid quarterly. Dividend rate and APY may change at any time as determined by the Board of Directors. APY shown is for the 1st quarter of 2020.

**Balances of $100.00 or more earn a dividend. A minimum balance of $5.00 is required to maintain membership.

***A minimum balance of $5.00 is required to maintain membership.

 

Vacation Savings Account Calculator

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Vacation Savings Account FAQ

Q: What is the minimum I can save in a Vacation Savings account?

A: By using the special savings account option at Arbor Financial, you can save as little as $5, with a lower limit of $100 to earn a monthly dividend. You may save as much as you like!

Q: Why do people use vacation savings accounts rather than regular savings accounts?

A: For many people, managing an account that is dedicated to a particular financial goal is a helpful motivator for savings. Opening a vacation savings account could be the extra boost you need to get over the savings hump and into a plane bound for your desired destination.

Q: How valuable are vacation savings accounts?

A: As a unique savings option, vacation savings accounts create an enforced discipline that helps you save for a planned getaway. Competitive rates and limited monthly transactions mean that you’ll watch your money grow faster than you thought possible.

 

View rates

 

*Annual Percentage Yields (APYs) earned on Arbor Financial Credit Union's savings programs are calculated by the daily balance method. For savings accounts, dividends are compounded and paid quarterly. Dividend rate and APY may change at any time as determined by the Board of Directors. APY shown is for the 1st quarter of 2020. **Balances of $100.00 or more earn a dividend. A minimum balance of $5.00 is required to maintain membership. ***A minimum balance of $5.00 is required to maintain membership.

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