Savings Accounts

        Saving is about building towards something that matters. Maybe it’s a dream vacation or a brand new kitchen. Whatever it is, we’re here to help you achieve that dream. Let’s make the process easy so you can Go Live.

        Reverse Tier Savings Account

        Best Rate APY

        Get 3.25% APY on the first $2,000 you deposit with our Reverse Tier Savings Account. This account is built to take you from beginner to expert with an interest model that will get your savings building faster than any of our other accounts. You’ll be asking us about next steps before you know it.

        • Any amount is worth saving. No minimum balance required.
        • First $5,000 deposited must be funds not currently on deposit at Canvas Credit Union.
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        CANVAS REVERSE TIER SAVINGS CALCULATOR*

        *The Canvas Reverse Tier Savings Calculator is for illustrative purposes only and does not reflect the actual results of specific deposit amounts. Interest paid at tier rates on balances within each tier. Total interest paid is the sum from each tier. Blended APY shown assumes the amount entered is in the account for one year. Withdrawing funds before one year will result in a different realized rate.

        Membership Savings Account

        Rate 0.10% APY

        This is where your dreams can start, establish your membership with Canvas Credit Union with a simple Member Savings Account.

        • With only $5 you establish your membership and become eligible for all the benefits of Canvas.
        • Maintain that $5 balance and we’ll waive any monthly fees.
        • Your savings will build quickly with interest compounded and credited quarterly.
        Get Started Now

        Health Savings Account

        Best Rate APY

        Accidents happen, but a visit to the emergency room doesn’t have to ruin your financial well-being. Save for health expenses while getting a break on your taxes with a Canvas Health Savings Account (HSA).

        • “No” can be a good thing. Our HSA has no minimum deposit, balance, or service fees.
        • Your health savings will grow, grow, grow with interest compounded and credited quarterly.
        Get Started Now

        HEALTH SAVINGS ACCOUNT DETAILS


        This can be confusing, but we are here to help.

        • First off, you have to have a High Deductible Health Plan (HDHP), your health plan administrator can verify that for you.
        • Withdrawals for qualified medical expenses are tax free. (Your health plan administrator can clarify what expenses qualify.)
        • Paying for qualified medical expenses is easy with your Canvas HSA Debit Mastercard®.
        • HSA contributions, made by anyone but your employer, are tax deductible. Visit irs.gov for details. Maximum annual contributions for 2018:
          - Single tax filers under 55 years old is $3,450, 55 and older is $4,450
          - Family tax filers under 55 years old is $6,850, 55 and older is $7,850
        • All annual deposits must be made by April 15 for the preceding tax year.

        Holiday Savings Account

        Rate 0.10% APY

        Start saving for presents in the present. Your loved ones will be lavishing you with praise for having excellent foresight when the gift-giving season rolls. Earn interest as you save and avoid the high-interest credit cards, with a Canvas Holiday Savings Account. You’ll spend less and give more.

        • Open your account anytime, no minimum deposit or balance to get started.
        • Absolutely no service fees--nada, nicht, none.
        • Watch your generosity grow with interest compounded and credited monthly.
        • Your gift-giving funds will auto transfer to your Canvas Checking or Savings on November 1st.
        Get Started Now

        Personalized Savings Account

        Rate APY

        Make your savings personal. Name your Canvas Personalized Savings Account whatever you like, such as Jamaica, College, or New Kitchen.

        • Open your account anytime, no minimum deposit or balance to get started.
        • No monthly service fees--nada, nicht, none.
        • Watch your personalized savings grow with interest compounded and credited monthly.
        Get Started Now

        Compare Savings Account Rates

        Pick the best savings option for your dreams, goals, and budget.
        PRODUCT
        APY

        Membership Savings Account

        $5 to open. No service fees. Interest compounded & credited quarterly.

        Health Savings Account

        No min to open. No min balance. No service fees. Interest compounded & credited quarterly. Must have a HDHP.

        $0-$9,999.99
        $10,000-$24,999.99
        $25,000-$49,999.99
        $50,000-$99,999.99
        $100,000+

        Holiday Account

        No min to open. No min balance. No service fees. Interest compounded & credited monthly. Auto transfer to Canvas Checking or Savings Nov. 1.

        Personalized Share Account

        No min to open. No min balance. No service fees. Interest compounded & credited quarterly.

        Reverse Tier Savings Account

        No min to open. No min balance. No service fees. Interest compounded & credited quarterly. First $5,000 deposited must be funds not currently on deposit at Canvas Credit Union.

        $0-$2,000
        $2,000.01-$5,000
        $5,000.01-$10,000
        $10,000.01-$50,000
        $50,000.01+

        APY is Annual Percentage Yield (APY). Early withdrawal penalties and other fees may reduce earnings. Rates are subject to change at any time. Canvas Credit Union membership is required.
        Want to view all the fine print, visit our Disclosures web page.

        Become a Member

        Leave the banking to us. Join today. Go live.