Savings | Union Savings and Loan Association

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Store your money and grow it with our interest rates in one of our secure Savings Accounts.


Kasasa Saver

Your Kasasa Saver account pairs with your Kasasa Cash Back Checking account to help you earn greater rewards.

  • No Minimum Opening Deposit
  • No Balance Requirements
  • No Service Charge
  • Unlimited Transactions
  • Monthly Statements
  • Monthly Interest Payments

Savings Account

An up to date way to save your money.

  • $25 Minimum Opening Deposit
  • No Balance Requirements
  • No Service Charge
  • Unlimited Transactions
  • Quarterly Summary Statements (Unless EFT Activity)
  • Quarterly Interest Payments

Kids Savings

Start your child’s future off right with a Kids Savings Account.

  • $5 Minimum Opening Deposit
  • No Balance Requirements
  • No Service Charge
  • Unlimited Transactions
  • Quarterly Statements
  • Quarterly Interest Payments

Club Savings

Save for Christmas or an important upcoming event.

  • $5 Minimum Opening Deposit
  • No Balance Requirements
  • No Service Charge
  • Unlimited Transactions
  • Quarterly Statements (Unless EFT Activity)
  • Quarterly Interest Payments

Money Market

Have access to your money with a better interest rate.

  • $100 Minimum Opening Deposit
  • $1000 Monthly Average Balance Required to avoid Service Charge of $5
  • Monthly Summary Statements
  • Earn Interest
For your Kasasa Saver Account

- Links with your Kasasa Cash Back® checking account

- Free account that builds your savings effortlessly; automatically transfers Kasasa Cash Back earnings into your Kasasa Saver Account 

- 0.50% APY on balances up to $50,000*

- 0.15% APY on balances over $50,000 depending on balance in account*

- 0.05% APY if qualifications are not met in Kasasa Cash Back*

- No monthly maintenance fee

- No minimum balance to earn rewards and no minimum deposit to open

- Free eStatements

This Way to Rewards!

Qualifying for your Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle:

- At least 1 direct deposit, ACH payment, or ACH credit transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive eStatements

If you don't meet your qualifications in one cycle, your account is still free — and you’ll still earn our base interest rate on your Kasasa Saver balance. Then you can get back to earning your full rewards the very next month.

*When your linked Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $50,000.00 in your Kasasa Saver account earn an APY of .50% and average daily balances over $50,000.00 earn an interest rate of .15% on the portion of the average daily balance over $50,000.00 resulting in a range from .15% to .50% APY depending on the account's average daily balance. When your linked Kasasa Cash Back account qualifications are not met, the entire average daily balance in the Kasasa Saver account earns an interest rate of .05% resulting in an annual percentage yield of .05% APY. APYs accurate as of 05/12/2022. Interest will be credited to your Kasasa Saver account on the last day of the current statement cycle. Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change 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. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements may apply. No minimum deposit is required to open the account. There are no recurring monthly maintenance charges or fees to open or close this account. A Kasasa Cash Back account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. Advertised information and rewards are based on all account qualifications being met during each cycle period. High rate claim is based on FDIC's National Weekly Rates for interest checking accounts. Claim is independent of any one institution's offerings. Comparison Source: Interest Checking, FDIC 05/12/2022. Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC. Kasasa Cash Back, Kasasa Saver, and Kasasa Ltd. are registered trademarks in the U.S.A.

Health Savings

What is an HSA?

A Health Savings Account (HSA) is an account established by an individual to pay for medical expenses, allowing you to do so on a tax-favored basis. Contributions are tax- deductible and eligible distributions are tax-free.

HSAs are offered in conjunction with a high deductible health insurance policy. The high deductible policy provides protection against major medical expenses. The HSA is used to pay for day-to-day qualified medical expenses.

You control the money in your HSA. Money you do not spend can carry forward to future years. You can even use the money penalty-free after age 65 for any purpose you want.

You must meet eligibility requirements to have a Health Savings Account.

  • No Minimum Opening Deposit
  • No Balance Requirements
  • No Service Charge
  • Transactions: Must Follow HSA Agreement
  • Monthly Summary Statements
  • Quarterly Interest Payments on Balances of $1000 or More
  • Free Checks
  • Debit Card

Financial Advantages of an HSA

  • HSA contributions are a direct deduction from your Adjusted Gross Income. You do not have to itemize to receive this benefit. You can pay for day-to-day qualified medical expenses with those pre-tax dollars.
  • After age 65, funds can be used for any purpose, penalty-free. However, funds used for non-qualified medical expenses will be subject to income tax.
  • The cost of a high deductible plan can be substantially lower than many insurance plans.
  • Long term savings - your money earns interest.
  • Your account is portable, so it stays with you if you change employers or leave the workforce.

Who is eligible for an HSA?

To be eligible for an HSA, you must:

  • Be covered under a high deductible health plan (HDHP) - check with your insurance agent to confirm you have a qualifying plan
  • Not be covered by any other plan that is not a high deductible health plan
  • Not be enrolled in Medicare
  • Not be claimed as a dependent on another person’s tax return

How much can I contribute to an HSA?

The maximum amount you are allowed to contribute changes each year.

Tax Year 2023:
Single Plan $3850
Family Plan $7750

Tax Year 2024:
Single Plan $4150
Family Plan $8300 

If you are age 55+, you are allowed a “catch-up” contribution of an additional $1,000 over these amounts.

Ready to Get Started?

We’re available to assist you with your needs. Please give us a call or visit a branch to get started.

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