During the boom times, the savings rate for Americans declined. In our current uncertain economy, this trend has reversed as people in the Provo are have begun increasing the amount put into savings and retirement accounts.

If you are evaluating your savings strategy, we welcome you to come in and discuss your savings strategy with an account specialist at Provo Beehive Credit Union. We offer many types of savings accounts, each with unique benefits and features.

Our basic savings account pays a competitive interest rate and requires only a $25 minimum balance. Provo Beehive Credit Union CDs offer higher interest rates. Certificates of Deposit (commonly known as a ‘CD’) allow you to earn higher interest for leaving your money in your account for a set period of time. See our Savings Account Webpage for terms and more information.

If you have at least $5,000 to deposit, you may want to consider a Money Market account. In addition to our basic Money Market account, Provo Beehive Credit Union offers two additional Money Market accounts. Our Online Money Market Account offers some of the highest rates for a Utah credit union account. If you prefer online banking and want to open a Money Market Account, this is the one for you. Visit our Money Market Account Webpage for more information.

The Provo Beehive Credit Union High Yield Money Market Savings Account offers higher interest for higher balances. High yield accounts pay monthly interest on balances of $30,000 or more.

A Provo Beehive Credit Union Smart Save Account is another flexible savings option. Beehive’s Smart Save account allows you to decide how much money you’d like to save in one year. Whether one dollar a paycheck or ten dollars a month, as long as you reach your goal, you earn a CD rate on the Smart Save. When your one year term is up, you’re welcome to roll the money over and keep saving, or take it out and start saving again!