Southeastern Saver Account
Save money without breaking a sweat. Link your Southeastern Checking to this free account that pays a high rate.
Key Features
High dividends
Automatic reward transfers
No minimum balance to earn rewards
No monthly maintenance fees
Details
Free account that builds your savings effortlessly
Links to free Southeastern Cash® or Southeastern Cash Back® Checking
1.50% APY** on balances
0.05% APY** if qualifications are not met in Southeastern Cash or Southeastern Cash Back
No minimum balance to earn rewards
No monthly maintenance fees
Free digital banking, including:
Free online banking
Free mobile banking with mobile deposit
Free e-Statements
How To Earn Your Rewards
Qualifying for your Cash or Cash Back rewards automatically qualifies you for the highest Southeastern Saver rate, too. Enrollments must be in place, and all of the following transactions and activities must be posted and settled to your Cash or Cash Back Account during each Monthly Qualification Cycle:
At least 15 debit card purchases
Be enrolled in and agree to receive e-Statements
Be enrolled in and log into online banking
That's it. Even if you don't meet your qualifications during the cycle, your Southeastern Rewards Accounts are still free. Plus, you'll still earn our base interest rate on Southeastern Saver. And you can get right back to earning your full rewards the very next month!
Live life on your terms. We'll work with you to find the financing you need - and deserve.
Qualification Information:
Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, PIN-based or signature based debit card purchases less than $0.01, credit card purchases, debit and credit card purchases processed by merchants and received by our credit union as ATM transactions, non-retail payment transactions and purchases made with debit or credit cards not issued by our credit union. Transactions bundled together by merchants and received by our institution 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) day prior to the first banking day of the current statement cycle through one (1) day prior to the last banking day of the current statement cycle.
Reward Information:
When your linked Southeastern Cash or Southeastern Cash Back account qualifications are met during a Monthly Qualification Cycle, average daily balances in your Southeastern Saver account earn an APY of 1.50%.
When your linked Southeastern Cash or Southeastern Cash Back account qualifications are not met, the entire average daily balance in the Southeastern Saver account earns a dividend rate of 0.05% resulting in an annual percentage yield of 0.05% APY.
Dividends will be credited to your Southeastern Saver account on the last day of the current statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 10/01/2023.
We use the average daily balance method to calculate dividends which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is monthly. Dividends begin to accrue on the business day you make your deposit. If you close your account before dividends are credited, you will not receive your accrued dividends
Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
Additional Information:
Membership restrictions may apply.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
No minimum deposit is required to open the account.
Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications.
Limit of 1 account(s) per Social Security Number.
There are no recurring monthly maintenance charges or fees to open or close this account.
A Southeastern Cash or Southeastern Cash Back account is required to have a Southeastern Saver account.
A linked Southeastern Saver account is required for automatic savings.
Contact one of our credit union service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Federally insured by NCUA