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Savings Accounts

Make Saving a Habit

Start with finding a savings account that meets your needs, whether you're saving for retirement, a college fund, or fundraising in your community. Thrivent Federal Credit Union offers a variety of accounts to help make saving easier, so you can reach your goals, whatever they might be.

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Thrivent Share Savings

This savings account represents your "share" in this not-for-profit financial cooperative, which makes you a part owner of Thrivent Federal Credit Union. With a $1 minimum deposit and a tiered dividend rate, this savings account may be all you need to reach your savings goals.

Features Thrivent Share Savings1
Minimum balance to open $1
Minimum balance to earn dividends $25
Minimum balance requirement $0
Monthly service fee $0
Access Unlimited3
Dividends Compounds daily
Credited monthly
Overdraft protection Yes
Statement cycle Monthly
Other

1 The Thrivent Share Savings account is a requirement for membership in Thrivent Federal Credit Union. To maintain membership a par value of one share ($1.00) must be kept in the account at all times. If you fall below the par value you have six months to increase the balance or your membership may be terminated.

2 Must be 18 or older and have an active Thrivent Rewards Checking account with direct deposit to open and maintain an Emergency Reserve Savings account.

3 Unlimited withdrawals may be made from your account, provided these withdrawals are made in person to a credit union employee or via an automated teller machine. All other withdrawals are limited to six per statement cycle, with no transfers or withdrawals by check, draft or similar order to third parties. An excessive transaction fee of $10 will be imposed against any transaction(s) in excess of these limitations.

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Thrivent Rewards Money Market

Get the highest rate at the lowest tier possible – helping you to grow your savings wisely. An active Thrivent Rewards Checking account and direct deposit is required to open a Thrivent Rewards Money Market.

Features Thrivent Rewards Money Market1
Minimum balance to open $252
Minimum balance to earn dividends $25
Minimum balance requirement $0
Monthly service fee $0
ATM access Yes with checking as primary account3
Dividends Compounds daily
Credited monthly
Overdraft protection Yes
Official bank check Free
Personal checks 1st order free
Statement cycle Monthly

1 The Thrivent Share Savings account is a requirement for membership in Thrivent Federal Credit Union. To maintain membership a par value of one share ($1.00) must be kept in the account at all times. If you fall below the par value you have six months to increase the balance or your membership may be terminated.

2 To open and maintain a Thrivent Rewards Money Market Account, you must also maintain a Thrivent Rewards Checking Account and maintain direct deposit into any share (savings) or share draft (checking) account. If direct deposit is terminated, your Thrivent Rewards Money Market Account may be transferred to a Thrivent Share Savings Account.

3 Unlimited withdrawals may be made from your account, provided these withdrawals are made in person to a credit union employee or via an automated teller machine. All other withdrawals or transfers are limited to six per statement cycle. An excessive transaction fee of $10 will be imposed against any transaction(s) in excess of these limitations.

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Certificates

Certificates are a sound and safe investment option, offering competitive earnings and a guaranteed rate of return.

Flexible terms from three months to 60 months are available, which could allow multiple options to set up ladders to meet your financial goals. Ladders are a way of dividing your investments into certificates with different maturity dates – this is usually done in equal amounts. This strategy reduces both the dividend rate and re-investment risks.

A minimum balance of $1,000 is required to open a certificate. A penalty may be imposed for early withdrawal. Fees may reduce earnings on the account.

Flex Certificates

Benefit from the safety of a certificate with added flexibility. Unlike a traditional certificate, Thrivent Federal Credit Union's Flex Certificate1 lets you react to whatever direction rates are heading – increasing your certificate's earning potential. You can make any one of these choices during the first half of your certificate's term:

  • If rates go up – bump up the dividend rate to the current higher rate.
  • If rates go down – add at least $500, and not more than $200,000 to your higher-rate certificate (cannot exceed your initial deposit).
  • Withdraw – up to half of your funds without penalty (need to maintain a minimum balance of $5,000 after you request a withdrawal).

The Flex Certificate is available in convenient terms of 12, 18 and 24 months.

1 You must deposit and maintain $5,000 to open the account and to obtain the disclosed APY. If you choose to add a one-time deposit to the certificate, the additional deposit must be at least $500, may not be more than $200,000 and may not exceed the dollar amount of the initial deposit. You may only increase the dividend rate once during the first half of the term of the certificate. Withdrawals up to 50% of the beginning balance may only be made once during the first half of the term of the certificate following account opening. If you choose to use the withdrawal option, a balance of $5,000 must be kept in the certificate. A penalty may be assessed for early withdrawals other than the withdrawal permitted by the terms of the account contract. Fees could reduce earnings.