Savings Accounts 

It All Begins with a Saving Account.

When you open a savings account, you become a member. The motto “Once a member, always a member” applies as long as your savings account remains open. From there, you can begin to enjoy all of our fantastic products and services. It’s pretty simple: Deposit your money, watch it grow, and start making a difference in your financial life with a credit union that cares about creating brighter financial futures.


Why Save With Us?

Eastern Indiana Federal Credit Union is a member-owned, not-for-profit financial cooperative dedicated to improving the financial well-being of our members.

You work hard for your money. Let us help you achieve your brighter financial future faster!

Establish and maintain your Eastern Indiana Federal Credit Union Membership with just $5 in a Share Savings Account.

Our savings accounts provide competitive returns on your deposits.

It’s a fact - having money in savings is a smart financial move. We pride ourselves on helping our members, neighbors, and friends make wise use of their money.


Yes! Your Funds are Safe & Insured

Your savings are FEDERALLY insured to at least $250,000 and backed by the full faith and credit of THE UNITED STATES GOVERNMENT, National Credit Union Administration, a U.S. Government Agency. Visit mycreditunion.gov to learn more about your Share Insurance Coverage and to access resources including a Share Insurance estimator tool, publications, videos, and more.

Savings Accounts

  • In credit union language, a savings account is called a “share account”. When you open yours at EIFCU with a minimum $5 deposit, you’re buying your share of ownership in the Credit Union. You’ll earn interest on your savings, and the money you deposit enables us to make loans to other Credit Union members, thus completing the cooperative circle.

  • Once your share account is opened, you can take advantage of all the other products and services EIFCU offers.

  • No service charge for active accounts.

  • You'll find saving is easier with a convenient payroll deduction or direct deposit of your paycheck. After your direct deposit is credited to your designated account, you can set it up to automatically be distributed into multiple accounts, such as your savings account, children’s savings accounts, a Holiday Club account, or a loan account.

  • Your Share Savings Account funds can be used as collateral for Share Secured Loans.

  • Transfer funds between your accounts with Online Banking or our Mobile App.

how much do I need to deposit to open a savings account?

You need to deposit $5, which secures your Credit Union membership.

is there a minimum balance fee?

No

Is there a required balance to start earning dividends?

No, you start earning dividends right away.

Holiday Savings

start saving for presents in the present.

Beat the Holiday blues with a special account to stash your cash! Your loved ones will be lavishing you with praise for having excellent foresight when the gift-giving season rolls. Save and avoid the high-interest credit cards, with a 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.

  • Accounts are transferred to your savings the first week of October to beat the “holiday rush”.

  • Withdraw limit is once per year.

  • Make transfers into it anytime with Online Banking or our Mobile app.

Special Savings

Do you have a special occasion or purchase coming up that you need to save for?

Wedding bells in your future? Big vacation planned next year? Want your car or house down payment money stashed away from your regular funds? The special savings account was designed for those special events in your life that require cash.

Save for any special purpose you may have - vacation, school, down payments, emergencies, etc.

  • Open your account anytime, no minimum deposit or balance to get started.

  • No limit on withdraws or transfers which puts you in control.

  • Absolutely no service fees—nada, nicht, none.

  • Transfer funds between your accounts with Online Banking or our Mobile App.

Once a member, always a member.

When you open an account with us, you’re a member for life, as long as the account stays open. You can move and take us along!