Save Today, Build 
a Better Future

Unlock the power of our high-performing savings 
accounts, empowering you to live your best life 
today and thrive tomorrow.

Deep Roots, Strong Community:

Savings Options

Personal
 Savings Accounts

Your needs, your savings. Explore our personalized range of solutions designed to match your financial goals.

CU
 Succeed

Our exclusive savings and education program is specially curated for teen members aged 13 to 17.

Individual
 Retirement Accounts

Discover the benefits of IRAs – enjoy potential tax-deferred, tax-deductible or tax-exempt earnings, ultimately saving you money.

Certificates
 of Deposit

Experience the best of both worlds – great rates and low-risk with our CDs. Enjoy the predictability of dividend earnings from the very beginning.

CU Grow Youth
 Savings Account

We’re here to help the younger generation learn about financial literacy.

Health 
Savings Accounts

Our HSA provides a tax-advantaged tool for paying qualified medical expenses, allowing you to take control of your healthcare expenses.

Why Open a 
Savings Account?

Whether you’re creating an emergency fund or saving up for a big purchase, it’s important to put that money to work for you. Unlike a checking account, savings accounts pay interest. Additionally, keeping money in a separate account not linked to a card may make it less tempting to spend those dollars.

How Does a Savings 
Account Work?

A savings account works similar to a checking account. You can deposit and withdraw money through ATMs, tellers and wire transfers. While the money is in your account, it grows according to its savings account interest rate. When it’s time to make a purchase, you can withdraw money by contacting Arizona Central or visiting a branch.

Tailored to Your Needs:

How to Choose a 
Savings Account

What kind of savings account you open depends on your goals 
and expected rate of return. Some considerations include:

  • When will you need these funds? Depending on the type of account, you may not be able to access your money without waiting or facing penalties. Accounts like Individual Retirement Accounts (IRAs) aren’t meant to be touched for a long time. CD accounts have shorter terms, but still limit your access to funds. On the other hand, personal savings accounts may let you access your money more freely.
  • Savings account interest rates. Because savings accounts collect interest, you’ll want to keep an eye on rates. Different accounts have different rates. Some Arizona Central rates are up to 0.25% APY. View Savings Interest Rates.

How to Open a Savings Account

  1. The first step is to find a bank that you trust, like Arizona Central.
  2. Choose the type of account you want to open by comparing your 
needs and interest rates.
  3. Gather documentation you may need, such as government IDs 
and proof of your mailing address.
  4. Submit an application either online or in person.
  5. Fund the account with an initial deposit, if required.
woman with apron

Why Choose Arizona Central Credit Union to Save With?

Arizona Central Credit Union has been providing Arizona families in Phoenix and beyond with savings accounts and other financial services since 1939. Whether you already have an account or are just looking for the best savings account interest rates, Arizona Central, Arizona’s leading local credit union, will be here to help you achieve your savings goals.

Arizona Central Credit Union has 9 branches throughout Arizona, including Phoenix, Glendale, Tempe, Chandler, Flagstaff, Tucson and Show Low. Members have access to over 5,000+ branches and 55,000+ surcharge-free ATMs nationwide through the CO-OP Shared Branching and ATM networks. Arizona Central makes banking accessible & rewarding for all AZ communities.

Savings Account FAQs

A savings account can be an essential step to achieving your financial goals as they provide the opportunity to earn interest, while checking accounts do not.

When considering a savings account, you may want to factor the interest rates, APY, account fees, and minimum balance requirements.

The interest rate on savings accounts can vary depending on the bank or credit union you work with.

Check out our competitive interest rates on savings accounts.

You can earn interest on most savings accounts, but the rates will vary depending on who you work with. Savings accounts with Arizona Central Credit Union offer competitive interest rates.

Find a Branch Near You Today!