Open Now! Savings

Smart saving can make the difference in achieving your financial goals. When you save with your Credit Union, be assured that you and your family's financial future is safe and secure. That's why we provide the tools and accounts to help you save more and spend less and we work to encourage our members to do just that. And now, more than ever, it's time to get back to the basics.

Remember, your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by the NCUA, a U.S. Government Agency. Like FDIC insurance, no one has ever lost a penny of money insured by the NCUA.

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Regular Share Savings Account

Each member must deposit a minimum of $5 into a Share Savings Account and membership is maintained as long as the $5 minimum is met and the account is kept in good standing.

Christmas Savings Account

Customize your holiday budget with a Christmas Savings Account. Begin saving at any point during the calendar year and have the entire balance transferred to the account of your choice – just in time for your shopping needs! There is no charge to open a Christmas Savings Account and your balance earns dividends – whether you save a little or save a lot, there’s no smarter way to spend during the holidays!

  • Regular periodic deposits throughout the year are strongly encouraged
  • Dividends are paid at the end of each calendar quarter and at maturity
  • Account matures in late October and the total account balance is transferred to an account designated by you
  • Account automatically renews as long as regular deposits continue.

Start planning now by opening a Christmas Savings Account today. Call or visit any of our branch offices for complete details and to start saving smarter.

Vacation Savings Account

Gone are the days of foregoing a vacation because of unexpected living expenses! With a Vacation Savings Account, regular deposits make saving for your dream trip easy and smart. Begin saving at any point during the calendar year and have the entire balance transferred to the account of your choice - just in time for some well-deserved R&R. There is no charge to open a Vacation Savings Account and your balance earns interest. How’s that for trip planning?

  • Regular periodic deposits throughout the year are strongly encouraged
  • Interest is paid at the end of each calendar quarter and at maturity
  • Account matures in late April and the total account balance is transferred to an account designated by you
  • Account automatically renews as long as regular deposits continue.

Stop dreaming and start relaxing by opening a Vacation Savings Account today. Call or visit any of our branch offices for complete details and to start saving smarter.

Click Here for Current Christmas and Vacation Account Savings Rates

Health Savings Account (HSA)

ORNL Federal Credit Union now has Health Savings Accounts (HSA) available to its members. HSAs are designed to help individuals and families with a high deductible health plan (HDHP). This type of account allows you to pay some or all of your costs not covered by your HDHP. And the best part is the distributions from your HSA are tax-free for qualified medical expenses. Depending on the type of HSA you open, it can be accessed by your Visa Check Card or checks. A savings certificate can even be opened as an HSA to earn the highest tax-free dividends. Contributions to an HSA can be made by individuals or employers. Take advantage of the flexibility of an HSA and open one today.

Direct Deposit

Still working full or part-time? Use convenient direct deposit to have your paycheck electronically deposited into your checking account. You not only save a trip to the Credit Union, you enjoy faster access to your funds. Best of all, it's free!

Payroll Deduction

Simplify saving. Payroll deduction automatically deposits a portion of your paycheck into your savings account each payday. It's one less thing to think about - your saving simply takes care of itself.

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Money Market Account

When locking up your funds in a certificate of deposit is not a practical option, the Money Market Account is a smart choice. This account requires a minimum deposit of $2,500. The interest rates are reviewed weekly and you can choose to have the account accessible by checks. If you choose to write checks from the Money Market Account, we discount your interest rate by 1/10th of 1% to cover our extra costs. No annual fees or any other management fees are required!

Smart Money Account

This account requires a $25,000 minimum deposit to earn a higher rate of return while still providing access to funds. Interest is calculated from the day of deposit to day of withdrawal and is paid and compounded monthly. The interest on this account may change weekly, depending on market conditions. This account may be accessed by share draft with two no-cost withdrawals per month with a fee beginning on the third withdrawal. There are no annual fees on this account.

Click Here for Current Money Market Savings Rates

Open Now!Share Certificates

  • Custom Share Certificates- Allows you to set the term from 91 days to 5 years. There is a $2,500 minimum with a maturity of 3-60 months. A $500 minimum balance is offered with a maturity of 12 months or longer. Dividends are paid and compounded monthly and longer terms qualify for higher rates.
  • One Year Variable Share Certificate- At a minimum deposit of $500, the rate on this 12-month certificate is adjusted each month to the average rate (not to exceed 6.00%) of Treasury Securities adjusted to a constant maturity of 1 year. A single withdrawal of up to 25% of the balance is permitted, without penalty.
  • Jumbo Share Certificates- Minimum deposit of $100,000 to open with terms from 1-60 months. Jumbo Certificates earn a higher rate of interest on every dollar deposited.

Calculate My Rate of Return

Click Here for Current Share Certificate Rates

All of our Deposit/Savings Accounts are federally insured to at least $250,000 by the NCUA. These accounts have various rules, terms, conditions, and even penalties for early withdrawal, please ask for details.