Savings Accounts

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Ready Access Savings

Unlimited withdrawals

High Yield Savings

Tiered savings, so the more you save, the more you earn (limit of 6 electronic transfer withdrawals per month).

First Home Savings Plus

This is a great way to save for the down payment on a new home. And….we’ll help build your savings!

  • Meet with a Home Loans Expert to set up your savings goal
  • We will match 25% of the funds you save, up to $750!*
  • Your saved funds can be used for a down payment on your home or for other home-buying expenses
  • Matched funds will be applied to your closing costs
  • This account earns dividends (based on our High Yield Savings Tiered Rates)

Call 800.228.6420 or 502.564.4775 to schedule an appointment with a Home Loans Officer to set up your First Home Savings Plus account!

Reasons You Will Love Commonwealth Credit Union's Savings Program
  • No monthly service fees.
  • No penalty for early withdrawals.
  • Dividends are paid and compounded monthly based on your average daily balance.
  • Convenient Payroll Deduction for easy saving.
  • Direct Deposit capability (check with your payroll officer).
  • Automatic deposits from other institutions for easy savings (monthly or semi-monthly).
  • Accounts insured up to $350,000, with Roth and Traditional IRA's insured to an additional $350,000 - all at no cost to you. Click here for complete details on account insurances.

*Must open a Commonwealth CU High Yield Savings Account and make monthly deposits in accordance with the plan term. Online Banking and eStatement are required. Minimum term of 6 monthly deposits and maximum of 35 monthly deposits required. Must close a mortgage loan with Commonwealth CU within 12 months of the end of monthly savings deposit term. Commonwealth CU will match 25% of deposit account balance, up to a maximum match of $750, to be credited at settlement of Commonwealth CU Home Loan. Withdrawals made from deposit account may reduce the amount of the match. If deposit account is closed prior to the match being awarded, the match amount will be forfeited. Rates, terms and conditions are subject to change and vary based on credit worthiness, qualifications and collateral conditions. All loans subject to approval.