Membership Savings

Membership

A key benefit of Capitol View is our exclusivity. By limiting our membership to state employees and their families, we thereby ensure a common bond between all of our members. This common bond makes it easier for us to better target the specific needs of our membership along with better rates and fewer fees than community banks and credit unions.
Click any of the following membership questions for more info:

 

Savings Accounts

A savings account is included with your membership at Capitol View. Many members use payroll deduction as a tool to tuck money into their savings for future goals and expenses. It is recommended that members keep 3-6 months salary in their savings for a financial cushion in event of an emergency.

Savings accounts offer various APY’s (annual percentage yield) depending on your average daily balance. Click here to view current rates.

*An Important Note: Savings accounts are subject to a federal regulation, “Regulation D (Reg D)”. Because savings accounts are not considered transaction accounts, like checking accounts, Reg D limits the number of electronic transfers out of savings accounts to no more than six per month. Click here to learn more about Reg D and easy solutions to avoid these federal limits.

 

Additional Savings Accounts

Many of our members like to be able to divide up their savings into separate accounts for either annual expenses or one-time purchases. This is easily done by setting up an additional savings accounts or “Club accounts”. Club accounts only require $1 minimum balance and can be named with any description (i.e. “Escrow”, “Vacation”, “Christmas”, etc.). Plus, there is no limit to the number of club accounts you can add. Contact Capitol View to open a club account today.

 

Current Rates

Savings Accounts (S1, S4 Types)
Active Balance Rate APY
$100 – < $5,000 0.05% 0.05%
$5,000 – < $10,000 0.10% 0.05% – 0.10%
$10,000 or Higher 0.15% 0.05% – 0.15%

Rates are as of November 22, 2015 and are subject to change.