Checking & Savings Accounts

Savings Accounts

saving money

Open a Savings Account for a Better Future

Whether you’re saving for a home, planning a vacation, looking ahead to retirement, or simply stashing your cash, The Summit has a savings solution that will work for you. From High-Yield Savings to share certificates, there’s an account for every goal.

 

Open a Savings Account Schedule a Video Appointment

Access your account at thousands of convenient ATM locations. Learn about ATM availability.

Set Your Child Up for Financial Success

Earn a $20 bonus when you open a youth savings account1

Plus, each account opened in December is automatically entered to win an Apple iPad®!1

Learn More
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Primary Savings Accounts

Our Primary Savings account is your gateway to all other products and services at The Summit. All you need is a minimum of $5 in your Primary Savings account and then you can choose from an abundance of additional Summit products and services to fit your lifestyle.

Primary Savings Rate

For month ending November 30, 2024

Savings Program
Minimum Balance to Open
Minimum Balance to Earn Dividends
Dividend Rate
Annual Percentage Yield
Primary/Safari/Forward Bound/Regular
$5.00
$100
0.050%
0.050%
Automatic Loan Payment Share
No minimum
$0.00
0.000%
0.000%

For a full listing of our rates, see our Rate and Fee Schedule.

Holiday, Vacation and Other Club Savings Accounts

Plan ahead and start saving for holiday gifts, a dream vacation and more. Make regular deposits through Direct Deposit or in person at any branch. You’ll earn competitive dividends that help you reach your savings goals faster.

For month ending November 30, 2024

Savings Program
Minimum Balance to Open
Minimum Balance to Earn Dividends
Dividend Rate
Annual Percentage Yield
Holiday, Vacation & Club Accounts
No minimum
$100
0.050%
0.050%

For a full listing of our rates, see our Rate and Fee Schedule.

Take Your Money Further

Check out our investment options based on your needs such as retirement programs or education expenses.

View Investment Options

Rates are subject to change at any time. Rates may change after account is opened.

Fees may reduce earnings.

  1. No purchase or obligation necessary to enter or win. All entries have an equal chance of winning.  You may also enter the raffle by sending a self-addressed, stamped envelope to The Summit Federal Credit Union, Canal Ponds Business Park, 100 Marina Drive, Rochester, NY 14626 and clearly mark “Youth Savings Account Raffle” on the outside of the envelope. See official drawing rules for details. Your $20 gift, will be deposited into your Summit Primary Savings account within 7 to 10 business days of opening a new Safari or Forward Bound account for ages 0 through 17 only. Youth accounts must be opened between 9/6/2024-12/31/2024. Offer limited to members that have not had a youth account in the past 12 months. The $20 gift is considered interest and is reportable on IRS Form 1099-INT. You will be responsible for all applicable federal, state, and local taxes relating to the $20 gift.