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High Yield Savings

Take Your Yield Higher 4.00 % APY1 on Balances of $10,000 or Greater

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High Yield Savings Dividend Rate  APY 
$0.01 - $99.99 0.10% 0.10%
$100.00 - $2,499.99 0.10% 0.10%
$2,500.00 - $9,999.99 0.10% 0.10%
$10,000.00 - 24,999.99 3.92% 4.00%
$25,000.00 - $49,999.99 3.92% 4.00%
$50,000.00 - $99,999.99 3.92% 4.00%
$100,000.00 - $249,999.99 3.92% 4.00%
$250,000.00 and Above 3.92% 4.00%

High Yield Savings Annual Percentage Yield (APY) accurate as of November 1, 2024. High Yield Savings is a tiered savings account paying a variable dividend rate, that may change at any time, on the entire balance in your account based on the rate for the tier corresponding to each day’s daily balance. The account is available for new money only which are funds not on deposit at Elements for 90 days prior to opening the High Yield Savings account. Existing Elements members with savings accounts must deposit $25,000.00 or more of new money within 10 days of opening the High Yield Savings account. Existing Elements members with savings accounts with combined daily balances of $2,500.00 or less for the 90 days prior to account opening are excluded from the new money requirement. Additional information for each tier: An APY of 0.10% applies to accounts with balances from $0.00 to $99.99; from $100.00 to $2,499.99; and from $2,500.00 to $9,999.99. An APY of 4.00% applies to accounts with balances from $10,000.00 to $24,999.99; from $25,000.00 to $49,999.99; from $50,000.00 to $99,999.99; from $100,000.00 to $249,999.99; and $250,000.00 and above. At least one account holder must be 18 years of age. Other qualifications may apply. Offer may be discontinued at any time. Fees may reduce earnings.

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High Yield Savings

Our tiered account for savers.

KEY FEATURES

  • High Yield Savings rate of 4.00% APY1 on balances of $10,000 and greater
  • On new money not already on deposit at Elements — See disclosures for further details.
  • Represents competitive pricing in the marketplace
  • Review the FAQs below for your funding options
  • No monthly Maintenance Service Charge

Open an Account

MAY BE A GOOD CHOICE IF

  • You have a high savings balance for which you want to earn a higher yield

Compare to Other Savings Accounts

Special Offer from logo for Elements Financial

Take Your Yield Higher 4.00 % APY1 on Balances of $10,000 or Greater
HIGH YIELD SAVINGS
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What are the advantages of a High Yield Savings account?

Tiered Dividend Rates

High Yield Savings has a tiered rate structure where you can earn higher dividends the more you save.

No Fees

High Yield Savings also has no fees, so you maintain both your account balance and the dividends you earn. There’s no fee for keeping the money in the account or withdrawing it, as needed.

With High Yield Savings, you'll also enjoy:

  • No monthly Maintenance Service Charge
  • Option to request an Elements ATM card to use at more than 78,000 surcharge-free ATMs worldwide
  • Shared branch access at more than 5,000 branches nationwide
  • Ability to manage your account in Online Banking or the Mobile App from any device
  • Convenience of direct deposit of your payroll or federal benefits

Compare to Other Savings AccountsOpen an Account

How does High Yield Savings compare to other savings options?

Compare High Yield Savings to our other options below.

  High Yield Savings Member Savings Share Certificates (Fixed Rate) Flex Rate Certificates (Variable Rate)
  Open an Account Open an Account Buy a Share Certificate Buy a Flex Rate Certificate
Key Benefits

No monthly Maintenance Service Charge

No monthly Maintenance Service Charge

Higher rate than most regular savings accounts

Dividend rates that keep pace with a changing rate environment by flexing when the Prime Rate changes, up or down
A Good Option If You

Like to earn higher dividends on your higher balances

Want a simple Savings account to establish your Elements membership

Want a more predictable savings balance

Want to diversify your investments

You want to diversify beyond traditional savings accounts and other investments
APY 4.00% on balances $10,000 and greater1 0.20% on balances $50,000 and above2 Varies by term Varies by term
Rate Structure Tiered dividend rates that increase as your account balance grows Tiered dividend rates that increase as your account balance grows Dividend rates that increase with the length of the Certificate term Dividend rates that adjust with the Prime Rate
Minimum Balance to Earn Dividends $0.01 $100 — —
No Monthly Maintenance Service Charge
Minimum Balance to Open — $5 — —
Available Terms — — 6 months to 5 years 12 and 24 months
Available Amounts — — $1,000 or more ($500 or more if under age 18) $1,000 or more ($500 or more if under age 18)
No Monthly Inactivity Fee — —
Unlimited Transactions Per Month Allowed — —
  Open an Account Open an Account Buy a Share Certificate Buy a Flex Rate Certificate

What are my funding options for the High Yield Savings account?

There are multiple options for moving money into your account, as follows:

  • During the account application process, if approved, you will have an invitation to fund up to $100,000.
  • For larger dollar deposits, we recommend a wire transfer; use Elements Routing Number 274073834 (no incoming wire fees will apply).
  • Check deposits can be made at any Elements branch or at one of 5,000+ shared branches searchable here.
  • Mobile check deposits can be made up to a daily limit of $15,000.3
  • Transfers from another financial institution can be made via Elements online banking or mobile app – limits apply as shown:
    • New Members $1,000 per transaction / $2,000 per day / $10,000 per month
    • Existing Members (after 30 days of membership) $5,000 per transaction / $10,000 per day / $50,000 per month

What fees can I expect?

No Maintenance Service Charge

The High Yield Savings account has NO monthly Maintenance Service Charge.

Inactivity Fee

For members 25 and older there is a $5 per month Inactivity Fee assessed if your checking and savings accounts have had no activity for at least 12 months; you have no other active deposit, loan, or credit card product with Elements; and deposit balances total $1,000 or less. It is collected from the first checking or savings account that has sufficient funds to satisfy the fee, starting with checking and then moving to savings until the full fee is collected.

Is Elements Online Banking easy to use?

Yes! It’s easy to do your banking and budgeting with Elements — no matter where you are. Our goal with Online Banking is simple: to provide you with a state-of-the-art digital banking experience that you can count on and is consistent across all devices.

With Elements Online Banking and our Mobile App, you can:

  • Check your balances, make loan payments, and transfer money between accounts
  • Deposit checks using your phone or computer camera
  • View check images online
  • Pay your bills online 24/7/365
  • Review your account history with a 14-month electronic archive of statements
  • Locate branches and ATMs near you
  • See your SavvyMoney credit score with any checking account or loan
  • Pay friends and family conveniently with Zelle® plus other digital wallet options
  • And more

Learn More about Online Banking & Mobile App

When will I have the ability to view my High Yield Savings account online?

If you already have online banking or the mobile app with Elements, you can expect the account to appear there within 15 minutes of account approval. If you do not currently have online banking or the mobile app with us, you can enroll for online access once you receive your Member Number via your welcome email.

Learn More about Online Banking & Mobile App

What insurance coverage is provided for the High Yield Savings account?

Please refer to the NCUA’s Share Insurance Estimator for details at mycreditunion.gov.

Why should I choose Elements for my savings account?

Like a Bank, Only Better!

Better Rates. Fewer Fees.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

Trusted Advice. Fresh Approach.

We pride ourselves in being a trusted source for financial education. Your financial wellness expert will come to your workplace to answer questions and provide you with one-on-one assistance as you navigate the changes that come with each of life's stages.

Respected Locally. Accessed Globally.

Headquartered in Indianapolis since 1930, we rank among the top 3% of credit unions nationally4. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

High Tech. Human Touch.

Our technology makes banking with Elements easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

Get Started

How do I open an account?

Getting started is as easy as 1-2-3!

  1. Open an account online - Open an account online in as little as 10 minutes. Or call 1-800-621-2105 to get started. Have your government-issued ID (driver’s license, state ID, or passport) and your Social Security number ready.

  2. Check your email - You will receive an email within one business day to notify you of account approval. That’s it! Your High Yield Savings Account is now open.

  3. Enroll in online banking - Easily check your balances, make loan payments, pay bills and transfer money between accounts from your smartphone, tablet, laptop or desktop. Learn more about Online Banking.

Open an Account

How Much Should I Save to Reach My Goal?

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  1. 1 High Yield Savings Annual Percentage Yield (APY) accurate as of November 1, 2024. High Yield Savings is a tiered savings account paying a variable dividend rate, that may change at any time, on the entire balance in your account based on the rate for the tier corresponding to each day’s daily balance. The account is available for new money only which are funds not on deposit at Elements for 90 days prior to opening the High Yield Savings account. Existing Elements members with savings accounts must deposit $25,000.00 or more of new money within 10 days of opening the High Yield Savings account. Existing Elements members with savings accounts with combined daily balances of $2,500.00 or less for the 90 days prior to account opening are excluded from the new money requirement. Additional information for each tier: An APY of 0.10% applies to accounts with balances from $0.00 to $99.99; from $100.00 to $2,499.99; and from $2,500.00 to $9,999.99. An APY of 4.00% applies to accounts with balances from $10,000.00 to $24,999.99; from $25,000.00 to $49,999.99; from $50,000.00 to $99,999.99; from $100,000.00 to $249,999.99; and $250,000.00 and above. At least one account holder must be 18 years of age. Other qualifications may apply. Offer may be discontinued at any time. Fees may reduce earnings.
  2. 2 Member Savings Annual Percentage Yield (APY) effective as of November 1, 2024, and may change after account opening without notice. 0.10% APY on balances $100.00-$2,499.99; 0.15% APY on balances $2,500.00-$49,999.99; 0.20% APY on balances $50,000.00 and Above. Minimum daily balance of $100 required to earn dividends. $5 required minimum balance to open the account. No monthly Maintenance Service Charge. Fees may reduce earnings. 
  3. 3 Please send a secure email via online banking for the possibility of increasing daily Mobile Check Deposit limits.
  4. 4 Based on asset size as of 12/31/2022.