Savings Accounts

New Horizons Credit Union's regular savings accounts are referred to as share accounts because, as a member, you share in the ownership of the Credit Union. Your money works harder for you at New Horizons Credit Union. Thanks to the not-for-profit structure, our share savings accounts generally earn higher rates of return than similar accounts at for-profit financial institutions. As a not-for-profit, we don't share money with stockholders like a bank, we return profits to members like you — through higher savings dividends and lower loan rates. 

Prime Share (Savings Account)

By opening a prime share at New Horizons Credit Union, you are establishing membership with NHCU and can take advantage of all that the credit union has to offer, including any one of our free Kasasa Checking accounts or low rate loans! An initial deposit of $25 will establish your account and your ownership. (This is not a fee.) Dividends on your share account are calculated daily and posted monthly. Dividend rates are reviewed by the Board of Directors periodically and are subject to change. These rates are posted in the Credit Union and on this site under Savings Rates.

You may, at any time, add a joint owner to your share account, thereby giving another individual access to your savings account. The joint owner has rights of survivorship on a share account, but is not entitled to membership privileges. Joint owners who are eligible for membership are encouraged to open separate accounts with the Credit Union.

Kasasa Saver® — make saving effortless.

  • Links to free Kasasa Cash or Kasasa Cash Back checking
  • Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
  • 1.00% APY* on balances up to $25,000.00
  • 1.00% to 0.40% APY on balances over depending on balance in account*
  • 0.05% APY* if qualifications aren’t met
  • No monthly service fees
  • No minimum balance to open account or earn rewards
  • Free Online Banking and Mobile Banking
  • Free Telephone Banking (Voice 24)
  • Free e-statements

Earning a higher rate is easy.

Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. To earn your rewards, just do the following transactions and activities in your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

  • Have at least 1 bill pay, 1 ACH payment transaction, or 1 direct deposit post and settle
  • Have at least 12 debit card purchases post and settle
  • Be enrolled in and agree to receive e-statements

If you don’t meet these qualifications, don’t worry.

Your Kasasa accounts are still free. Plus you’ll still earn our base rate on Kasasa Saver. And you can get right back to earning your full rewards the very next cycle that you qualify.

*Must be bundled with Kasasa Cash Back or Kasasa Cash account. When qualifications are met during a Monthly Qualification Cycle, balances up to $25,000 receive APY of 1.00%; and balances over $25,000 earn .32% interest rate on the portion of balance over $25,000, resulting in a range from 1.00% to 0.40% APY depending on the account’s balance. When qualifications are not met all balances earn 0.05% APY. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by us as ATM transactions, and purchases made with debit cards not issued by us. Transactions bundled together by merchants and received by us as a single transaction count as a single transaction for the purpose of earning account rewards. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. Additional terms and qualifications apply. Please see Credit Union for complete details.

Money Market

A Money Market account is an NCUA insured investment type account that earns you a higher dividend than a regular savings and offers you flexibility with limited check writing which can be helpful in emergencies. Because a Money Market account is considered more of an investment than savings account, the number of transactions you are able to make is limited by the Federal Reserve. If you repeatedly make more than six transactions a month, your account may be subject to closure per the Federal Reserve. Also, for each transaction after six, there is a $5/transaction fee.

  • Minimum to open is $2,500.
  • Maximum of six transfers per month.
  • Maximum of 3 of the transfers may be check, draft or similar order payable to a third party.
  • Protect your cash from market risk since the account is insured.
  • Earn a better dividend rate
  • Keep your cash in a money market fund for short-term needs or until you decide how to invest it.
  • Get easy access to your cash.
  • View Money Market rates here.

Certificate Accounts

If you are in the market for an insured account that offers a higher yield and you are willing to lock in funds for a set term ranging from 3 to 36 months, then a Certificate Account may be what you need. Minimum deposit requirement is only $500. Dividends are calculated and posted monthly. Call or visit any of our offices for details. You can also view our rates here.

Christmas Club

Make saving for Christmas that much easier with our Christmas Club account. The first week in November, you will receive a deposit into your primary account for the balance held in your Christmas Club account so you can get your holiday shopping underway.

Vacation Club

We make saving for that dream vacation easy with our Vacation Club account. It works the same way as our Christmas Club account. The only difference is you can access your funds at any time.

New Wave Savers Club

With a New Wave Savers Club account, our teen members will be able to open a savings and link to checking account with a free debit card. For more information on New Wave Savers Club, click here!

Sunrise Savers Club

The Sunrise Savers Club gets kids, 12 and under, excited about saving money and teaches them the importance of personal finances at a young age with our various membership perks. For more information on our Sunrise Savers Club, click here!

Stop by any of our branches and we’ll be glad to set up any account for you.