Name Your Goal

Secondary Savings Accounts

Ready to set up an emergency fund? Saving for a dream vacation or an upcoming wedding? Use a Secondary Savings Account to name your goal, set money aside, and track your progress.

Questions? Schedule Appointment

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Secondary Savings Account Benefits

No Minimum Balance

Open and maintain your account with as little or as much as you wish

No Monthly Service Charges

Create multiple Secondary Savings Accounts at no extra cost

Dividends Paid Monthly

Our accounts are designed to help you save for specific goals

24/7 Online Banking Access

Manage your accounts anytime, and from anywhere you please

Already a Soarion Credit Union member?

Either log in to Digital Banking, stop by a Soarion Financial Center, or call us to open a Secondary Savings Account.

About Secondary Savings Account

A Soarion Credit Union Secondary Savings Account is a great way to save for a specific goal. There's no minimum deposit needed to open an account, and no minimum balance required. Your Secondary Savings Account also pays dividends from the start.

Make saving personal. Name your account whatever you want and have the description appear in digital banking and on your statement.

Secondary Savings Account Features

Personalize your account name

No minimum opening balance¹

Can have multiple Secondary Savings Accounts

No monthly service charges

No transaction fees

Can be used for overdraft protection

Free eStatements

Dividends paid monthly

24/7 account access with Digital Banking

Giving a name to your dreams can help make them real. Open a personalized Soarion Credit Union Secondary Savings Account today.

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Secondary Savings Rate

Rates effective as of:

Minimum Balance	Account	Dividend Rates	APY*
$0.00	Secondary Savings Account	0.10%	0.10%

How to Open a Secondary Savings Account

STEP

1

Join Soarion

Eligible members can sign up for a primary savings account.

STEP

2

Open Your Account

You can open a secondary account online, over the phone, or in person.

STEP

3

Start Savings

Saving for a goal is easy, with no minimum balance or monthly fee.

Secondary Savings Account FAQs

A Secondary Savings Account is any savings account that you open in addition to the Primary Savings Account you used to establish your membership at Soarion Credit Union.

At Soarion Credit Union you are free to open any number of savings accounts as assigned Secondary Savings Accounts.

A Secondary Savings Account offers a convenient way of separating savings and setting money aside while earning dividends. The only con of having multiple savings accounts is that you will need to keep track of several separate accounts at once. Fortunately, Soarion Credit Union offers 24/7 online account access to make this easier.

No, opening a savings account does not affect your credit score. Savings accounts, along with other deposit accounts like checking or money market accounts, are not reported to credit bureaus.

A separate savings account is a great place to stash cash outside your main savings accounts. It’s the perfect place to collect savings for specific goals like a college education, a house down payment, or a dream wedding at the San Antonio Botanical Garden. Soarion Credit Union allows you to name each of your secondary savings accounts so you can assign them to specific savings goals.

Yes, you need to be a member of Soarion Credit Union with a primary savings account in order to open a secondary savings account. Becoming a member is easy. You are eligible for membership if:

You are an active duty member, reservist, veteran, retiree, or a dependent of a member of the U.S. Armed Forces or National Guard residing or working in Texas, Oklahoma, Arkansas, Louisiana, or Mississippi.
You live, work (or regularly conduct business in), worship, or attend school, or have a business or other legal entity in qualified areas of San Antonio, Texas or in Del Rio, Texas, and surrounding counties.
You are a family member or reside in the household of a person who qualifies for membership.

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* APY = Annual Percentage Yield. Dividends Compounded: Monthly. Dividends Credited: Monthly. Balance Computation Method: Dividends are calculated using the daily balance method. This method applies a daily periodic rate to the principal in the account each day. Rates subject to change at any time without notice.

¹ No minimum opening balance required. Limited to six (6) transfers or withdrawals per month.

Looking for Higher Dividends?

If you have $2,500 or more in savings, a Money Market Account may be right for you.

Learn More