Basic Savings Account
A Basic Savings Account is a simple way to set money aside while keeping it accessible when you need it. Separate your savings from everyday spending and earn monthly dividends on qualifying balances.
Opening a Basic Savings Account also establishes your membership with Belco Community Credit Union, giving you access to a full range of financial products and services across Central Pennsylvania.
Get More From Your Savings
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Low $5 Minimum Deposit
Open your account and establish membership with a minimum deposit of just $5.
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Earn Dividends
Earn monthly dividends on balances of $50 or more.
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Overdraft Protection
Link your savings account to a Belco checking account to help cover transactions if your balance runs low.
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Direct Deposit
Make saving easier by setting up a direct deposit from your paycheck or other income.
All You Need to Know About Our Basic Savings Account
A Belco Basic Savings Account is a traditional share account that allows you to save while earning monthly dividends on qualifying balances. You can manage your account through digital banking or access cash at ATMs as needed.
Account features:
- $5 minimum balance to maintain membership
- Dividends earned on balances of $50 or more, credited monthly
- Overdraft Protection when linked to a Belco Checking Account
- Direct Deposit available
Membership eligibility:
You can open an account if you live, work, worship, volunteer, or attend school in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry, or York counties, or if you are a direct relative of an existing member. Learn more about Belco membership eligibility.
Refer-a-Friend program:
Earn a cash reward when someone you refer becomes a Belco member. Learn more about our Refer-a-Friend program.
How to Open a Basic Savings Account
STEP 1
Check Your Eligibility
You’re eligible to join if you live, work, worship, volunteer, or attend school in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry, or York counties.
STEP 2
Open Your Basic Savings Account
Apply online or visit a branch to open your account. A minimum opening deposit of $5
is required.
STEP 3
Start Saving and Earning Dividends
Start adding to your savings and begin earning monthly dividends on qualifying balances.
Basic Savings Account Rates
| Minimum Balance to Earn Dividends: | Dividend Rate: | Annual Percentage Yield (APY*): | |
|---|---|---|---|
| Basic Savings Account | $50 | 0.04% | 0.04% |
★★★★★
“I’ve been with this bank for over 20 years.
They have been excellent!”
– AnnaLize R., Harrisburg, PA.
Basic Savings Account FAQs
A Basic Savings Account is a personal savings account that allows you to set aside money while earning monthly dividends.
No, there is no monthly maintenance fee for a Belco Basic Savings Account. All that is required is that you maintain a minimum balance of $5 to keep your account open.
You can add money to your Belco Savings Account in several ways, including Direct Deposit, transfers from another account, mobile or online banking transfers, ATM deposits, or in-person deposits at a Belco branch.
Savings accounts with dividends at a credit union are similar to interest rates for a traditional savings account at a commercial financial institution. Dividends are similar to interest at a bank. When your balance meets the $50 minimum, dividends are calculated based on your balance and credited monthly.
Yes. Opening a Basic Savings Account establishes your membership with Belco Community Credit Union.
As a Belco member, you’ll have access to a variety of financial products and services, including checking accounts, loans, credit cards, and investment services.
A Belco Basic Savings Account requires a minimum balance of $5 to maintain the account and a balance of $50 to benefit from monthly dividends. Balances below $50 will not earn dividends, while accounts below $5 may be made inactive until the balance is restored.
Funds in your Basic Savings Account are federally insured by the National Credit Union Administration (NCUA) up to $250,000 per account, helping protect your money while it grows safely at Belco.
Explore More Account Options
Convenient Interest Checking Account
Earn dividends with a checking account that keeps your money accessible for everyday use. Set up Direct Deposit or automatic payments to qualify.
Coin Catcher Savings Account
Save automatically with every purchase by rounding transactions to the next dollar. The difference is deposited into a dividend-earning savings account.
Certificate Accounts
Earn fixed rates with a Belco Certificate Account. Choose a term and deposit $500 or more to start growing your savings.