Savings Accounts

Smiling woman holding her piggy bank.

You’ll Smile with a Nice Savings Account!

Regular Shares (Savings) Accounts

A Good Place to Start

Having some savings not only will make you smile, but will give you a little peace of mind. The place to start is with a Regular Savings Account or what we call a “Share” account. With a Share Account, you’ll not only save money, but your first $25 deposit makes you an owner/member of Utah Heritage Credit Union.

At Utah Heritage Credit Union, our Share Savings accounts pay very competitive dividends with the opportunity to earn higher returns with larger minimum balances.

Strategy

Regular Shares is the perfect place to get started accumulating savings. After you see your savings grow to $1000 or more,  then you have other good options. However, the best place to start is the Regular Share account.

  • Get started with just $25.
  • The more you save, the more you’ll earn.
  • No fees or restrictions on withdrawing your money.

Your Regular Share Account is your primary credit union account. It must remain open with a minimum balance of $25 in order for you to remain a member of the credit union. This is an interest bearing account in a tiered structure.

Other Share Suffix’s

You have the ability to have up to 999 suffix’s under main account number. For example: your main account number is 66559, suffix #001 Regular Shares, suffix #002 Special Shares, suffix #003 Christmas Shares, etc. You can give each suffix a specific name for the purpose of that suffix.

And because Utah Heritage Credit Union is Federally insured by NCUA, the safety of your accounts is guaranteed to at least $250,000.

Next Steps

Enjoy Your Day!

While your money is working for you. Get a nice yield with a Savings Certificate!

Low Fees & Rates

We have a full service mortgage department. Flexible terms and rates.

Smart young man with a pencil behind his ear smiling at the A+ written on the blackboard

Youth Savings Account

Youth Savings – Start Early!

Now is always the best time to teach your children saving money. Learning to save is valuable for the kids and seriously, have you seen the price of a good education? Start saving now!

  • Youth ages 0-17
  • Minimum Balance $25
  • Interest bearing in a tiered structure

Youth Accounts – Checking with Debit Card

oung middle school aged boy holding his new Utah Heritage Credit Union Debit Card just for kids 10-18.

Is your child ready to learn the basics of banking?

When you sign your child up for a UHCU Youth Account, not only will they be able to survive in this cashless society, but you’ll start your child towards financial success by teaching them the basics of banking.

Youth accounts include:

  • youth checking with free VISA debit card
  • no monthly fee
  • no minimum deposit
  • e-statements
  • even add a small line of credit to cover your child in an emergency. (At the parent’s discretion).

How you set up the account depends on your discretion about your child’s maturity and readiness.

Current Special – $50 Match

As an added incentive and to help just a little with your child’s expenses we’ll match your first deposit up to $50.

Some Limitations Apply

  • $50 match is good only within the first month of opening.
  • Account must stay open for at least one year (there will be a $50 fee if the account is closed with the first year).
  • A co-signer may be required for a VISA Debit Card and on any line of credit associated with the account.
  • Designed for age 10-18.

Next Steps

Mature couple holding hands walking along the beach

Individual Retirement Account (IRA)

The Key to Enjoying Your Retirement – Planning

Planning for retirement is no easy task, especially in today’s bumpy economy. In fact, according to a 2018 CBS news report (https://www.cbsnews.com/news/baby-boomers-tough-retirement-realities/) 1/3 of baby boomers have not started saving anything for retirement. For those who have started saving, the median balance was $290,000 for boomers born between 1948 and 1953 and $209,246 for those born between 1954 and 1959.

With so many Americans seemingly unprepared for the future, the experts can agree that the key to a comfortable retirement is to start saving early and save regularly.

At Utah Heritage Credit Union, we can help you reach your retirement goals with an IRA savings account. Our IRAs pay competitive dividends, don’t require large minimum balances and provide a tax advantage*. Now is the time to start savings or to increase what you’re saving each month!

*Consult your tax professional for specific tax benefits.

Next Steps

Mature couple and friends driving golf carts

Money Market Account

“Put your money to work while you enjoy your day!”

If you’re looking for the higher returns of a Savings Certificate with the liquidity of regular savings, then you’re looking for a Utah Heritage Credit Union Money Market account.

Our Money Market accounts pay higher dividends than a regular savings account, but don’t require the long-term commitment of a CD, so your savings are available when you need them, with no penalty*.

Benefits

  • Liquid
  • No withdrawal penalties
  • Great rates
  • No maintenance fees
  • Interest is compounded monthly
  • Your deposits are insured by the NCUA to the maximum allowed by law.
  • See NCUA Insurance page.

Current Rates

Next Steps

Enjoy Your Day!

While your money is working for you. Get a nice yield with a Savings Certificate!

Young couple out for a drive in their convertible enjoying the sunshine.

Fees…Most of Our Services are Free!

We don’t charge for most things you’ll use the most!

  • Monthly maintenance fees-Free
  • Online Bill Pay-Free with Checking Account!
  • Standard ACH transfers-Free
  • Copies of online statements-Free
  • Incoming wires (domestic or international)-Free

But of course there are a few things that cost us money, so we pass on a fee.

  • Overdraft fee-$25
  • Returned check fee-$25
  • Outgoing wire-$20
  • Stop Payment on member checks-$15

Fee Schedule

See Full Fee Schedule

Free Checking

Free Bill Pay, Free Mobile Pay, Free Online Banking, No Monthly. Smile!

Savings Rates

Savings Certificates

Term
Min BalanceAPY*Div Rate
6 mos$5005.25%5.13%
9 mos$5005.25%5.13%
1 yr$5005.25%5.13%
18 mos$5004.50%4.41%
2 yrs$5002.80%2.76%
3 yrs$5003.75%3.69%
4 yrs$5003.75%3.69%
5 yrs$5003.75%3.69%
IRA CDAbove rates+.10%Above rates+.10%
Effective10/1/2023
*APY is Annual Percentage Yield. No deposits or withdrawals allowed before maturity. Rates subject to change without notice.

IRA CERTIFICATE RATES - Same rate as above plus 0.10%.

Youth Account CD: Ages 0-17 have the option of opening a certificate in their account with a $25.00 minimum opening deposit. Subsequent deposits must be a minimum of $25.00. You can deposit up to $10,000.00 during the term of the certificate. Rates on Youth Certificates are the same as the Regular Certificate Rates.

Early Withdrawal Penalty - An early withdrawal penalty will apply to any certificate cashing in before the maturity date. A 90 day loss of interest penalty will apply top any certificate with a term of 12 months or less. A 180 day loss of interest will apply to any certificate with a term of 13 months or more. The penalty is calculated as a forfeiture of part of the interest that has or would be earned on the account with a minimum of $15.00. It applies whether or not the interest has been earned. The penalty may be deducted from the principal if no interest has accrued. There are certain circumstances, such as the death or incompetence of any owner, where we may waive a reduce this penalty.

Renewal Policy: Your certificate will be automatically renewed at maturity for another term. You have a grace period of ten (10) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty. You may elect not to have your certificate renewed automatically.

Nontransferable: Your certificate is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation except with the credit union. IRA certificates cannot be pledged on any loans due to government requirements.

Compounding & Crediting: Dividends will be compounded monthly and credited monthly. The dividend period is monthly. The certificate will begin earning interest on the first day of the deposit and end on the date of maturity. Interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day. You have the option of having the interest compound on the certificate or be transferred to your share or checking account. If you closed your account before dividends are paid, you will not receive the accrued dividends.

Minimum Balance Requirements: The minimum balance requirements to open an account and to obtain the disclosed annual percentage yield are set forth herein.

Transaction limitations: You may not make additions into a Regular Certificate or IRA Certificate account after it has been initially funded. Exceptions apply. You may elect to have dividends transferred automatically to another account at the credit union. You may elect to have your dividends mailed to you by check.
Maturity: Your certificate account will mature on the maturity date set forth on your account receipt or maturity notice.





Flex Certificates

Term
Min. BalanceAPY*DIV RATE
1 year$500.50%.50%
1 year$2000.55%.55%
1 year$25,000.60%.60%
1 year$50,000.65%.65%
Effective7/1/2023
*APY is Annual Percentage Yield. Unlimited deposits in $200 increments. One withdrawal per calendar month. Must remain above minimum balance for type requested. Early closure penalty may apply if you fall below minimum balance in term. Rates subject to change without notice.

Early Withdrawal Penalty - An early withdrawal penalty will apply to any certificate cashing in before the maturity date. A 90 day loss of interest penalty will apply top any certificate with a term of 12 months or less. A 180 day loss of interest will apply to any certificate with a term of 13 months or more. The penalty is calculated as a forfeiture of part of the interest that has or would be earned on the account with a minimum of $15.00. It applies whether or not the interest has been earned. The penalty may be deducted from the principal if no interest has accrued. There are certain circumstances, such as the death or incompetence of any owner, where we may waive a reduce this penalty.

Savings Rates

Type
Min. BalanceAPY*
Money Market Account$0 - 4990.00%
$100 - $24990.10%
$500 - $24,999.991.50%
$25,000 - $49,999.992.50%
$50,000 - $99,999.993.50%
$100,000 +4.25%
Share Savings - Suffix#1 $0 - $99.99.00%
$100 - $2499.05%
$2500 +.05%
All Other Shares & Youth Accounts$0 - $99.99.00%
$100 - $2499.05%
$2500 +.05%
Share Draft.00%
Business Sweep .00%
IRA - Suffix #5 & 6$0 - $99.99.00%
$2500 +.20%
Effective 9/6/2023
*APY is Annual Percentage Yield. Rates subject to change without notice.

Loans Rates

Type
TermAPR*
Auto Loans5 yrs6.99%
Auto Loans6 yrs7.24%
Auto Loans7 yrs7.49%
ATVs/Boats/RVs/Motorcycles
5 yrs7.99%
ATVs/Boats/RVs/Motorcycles6 yrs8.24%
ATVs/Boats/RVs/Motorcycles7 yrs8.49%
Personal 5 yrs12.99%
VISA Credit CardVariable13.24%
Overdraft Protection LoansVariable13.75%
Effective10/1/2023
*APR is Annual Percentage Rate. All rates are on approved credit and based on your credit experience.
Rates disclosed are our best rates. Your rate could be higher based on your credit history FICO Score and term.
Utah Heritage CU may acquire a security interest in the property purchased with borrowed funds.
All rates are subject to change without notice.

Home Loans

Type
TermAPR
First Mortgage30 year fixedContact CU for current rate
First Mortgage15 year fixed Contact CU for current rate
2nd Mortgage10 year fixed Contact CU for current rate
Home Equity Line of CreditVariableas low as 8.50%
Effective 2/1/2024
APR is Annual Percentage Rate. All rates are on approved credit and based on your credit experience. Rates disclosed are our best rates. Your rate could by higher based on your credit history. Utah Heritage CU may acquire a security interest in the property purchased with borrowed funds. All rates are subject to change without notice.
Savings Certificates

Savings Certificates

Term
Min BalanceAPY*Div Rate
6 mos$5005.25%5.13%
9 mos$5005.25%5.13%
1 yr$5005.25%5.13%
18 mos$5004.50%4.41%
2 yrs$5002.80%2.76%
3 yrs$5003.75%3.69%
4 yrs$5003.75%3.69%
5 yrs$5003.75%3.69%
IRA CDAbove rates+.10%Above rates+.10%
Effective10/1/2023
*APY is Annual Percentage Yield. No deposits or withdrawals allowed before maturity. Rates subject to change without notice.

IRA CERTIFICATE RATES - Same rate as above plus 0.10%.

Youth Account CD: Ages 0-17 have the option of opening a certificate in their account with a $25.00 minimum opening deposit. Subsequent deposits must be a minimum of $25.00. You can deposit up to $10,000.00 during the term of the certificate. Rates on Youth Certificates are the same as the Regular Certificate Rates.

Early Withdrawal Penalty - An early withdrawal penalty will apply to any certificate cashing in before the maturity date. A 90 day loss of interest penalty will apply top any certificate with a term of 12 months or less. A 180 day loss of interest will apply to any certificate with a term of 13 months or more. The penalty is calculated as a forfeiture of part of the interest that has or would be earned on the account with a minimum of $15.00. It applies whether or not the interest has been earned. The penalty may be deducted from the principal if no interest has accrued. There are certain circumstances, such as the death or incompetence of any owner, where we may waive a reduce this penalty.

Renewal Policy: Your certificate will be automatically renewed at maturity for another term. You have a grace period of ten (10) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty. You may elect not to have your certificate renewed automatically.

Nontransferable: Your certificate is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation except with the credit union. IRA certificates cannot be pledged on any loans due to government requirements.

Compounding & Crediting: Dividends will be compounded monthly and credited monthly. The dividend period is monthly. The certificate will begin earning interest on the first day of the deposit and end on the date of maturity. Interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day. You have the option of having the interest compound on the certificate or be transferred to your share or checking account. If you closed your account before dividends are paid, you will not receive the accrued dividends.

Minimum Balance Requirements: The minimum balance requirements to open an account and to obtain the disclosed annual percentage yield are set forth herein.

Transaction limitations: You may not make additions into a Regular Certificate or IRA Certificate account after it has been initially funded. Exceptions apply. You may elect to have dividends transferred automatically to another account at the credit union. You may elect to have your dividends mailed to you by check.
Maturity: Your certificate account will mature on the maturity date set forth on your account receipt or maturity notice.





Flex Certificates

Flex Certificates

Term
Min. BalanceAPY*DIV RATE
1 year$500.50%.50%
1 year$2000.55%.55%
1 year$25,000.60%.60%
1 year$50,000.65%.65%
Effective7/1/2023
*APY is Annual Percentage Yield. Unlimited deposits in $200 increments. One withdrawal per calendar month. Must remain above minimum balance for type requested. Early closure penalty may apply if you fall below minimum balance in term. Rates subject to change without notice.

Early Withdrawal Penalty - An early withdrawal penalty will apply to any certificate cashing in before the maturity date. A 90 day loss of interest penalty will apply top any certificate with a term of 12 months or less. A 180 day loss of interest will apply to any certificate with a term of 13 months or more. The penalty is calculated as a forfeiture of part of the interest that has or would be earned on the account with a minimum of $15.00. It applies whether or not the interest has been earned. The penalty may be deducted from the principal if no interest has accrued. There are certain circumstances, such as the death or incompetence of any owner, where we may waive a reduce this penalty.

Savings

Savings Rates

Type
Min. BalanceAPY*
Money Market Account$0 - 4990.00%
$100 - $24990.10%
$500 - $24,999.991.50%
$25,000 - $49,999.992.50%
$50,000 - $99,999.993.50%
$100,000 +4.25%
Share Savings - Suffix#1 $0 - $99.99.00%
$100 - $2499.05%
$2500 +.05%
All Other Shares & Youth Accounts$0 - $99.99.00%
$100 - $2499.05%
$2500 +.05%
Share Draft.00%
Business Sweep .00%
IRA - Suffix #5 & 6$0 - $99.99.00%
$2500 +.20%
Effective 9/6/2023
*APY is Annual Percentage Yield. Rates subject to change without notice.
Loans

Loans Rates

Type
TermAPR*
Auto Loans5 yrs6.99%
Auto Loans6 yrs7.24%
Auto Loans7 yrs7.49%
ATVs/Boats/RVs/Motorcycles
5 yrs7.99%
ATVs/Boats/RVs/Motorcycles6 yrs8.24%
ATVs/Boats/RVs/Motorcycles7 yrs8.49%
Personal 5 yrs12.99%
VISA Credit CardVariable13.24%
Overdraft Protection LoansVariable13.75%
Effective10/1/2023
*APR is Annual Percentage Rate. All rates are on approved credit and based on your credit experience.
Rates disclosed are our best rates. Your rate could be higher based on your credit history FICO Score and term.
Utah Heritage CU may acquire a security interest in the property purchased with borrowed funds.
All rates are subject to change without notice.
Mortgages

Home Loans

Type
TermAPR
First Mortgage30 year fixedContact CU for current rate
First Mortgage15 year fixed Contact CU for current rate
2nd Mortgage10 year fixed Contact CU for current rate
Home Equity Line of CreditVariableas low as 8.50%
Effective 2/1/2024
APR is Annual Percentage Rate. All rates are on approved credit and based on your credit experience. Rates disclosed are our best rates. Your rate could by higher based on your credit history. Utah Heritage CU may acquire a security interest in the property purchased with borrowed funds. All rates are subject to change without notice.

Federally Insured by the NCUA

NCUA.gov

Utah Heritage Credit Union is a Federally Insured Credit Union and is regulated by the National Credit Union Administration and insured by the National Share Insurance Fund (NCUSIF) which is backed by the full faith and credit of the United States government. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, NCUSIF is similar to deposit insurance coverage provided by the Federal Deposit Insurance Corporations. See more at mycreditunion.gov/share-insurance.

What are the basic NCUA coverage limits?*

Single Ownership Accounts (owned by one person with no beneficiaries): $250,000 per member-owner

Joint Ownership Accounts (two or more persons with no beneficiaries): $250,000 per owner (with the primary owner a member of the credit union)

IRAs and other certain retirement accounts: $250,000 per member-owner

Revocable trust accounts: Each member-owner is insured up to $250,000 for each eligible beneficiary named or identified in the revocable trust, subject to limitations and requirements.

Irrevocable trust accounts: Each owner (so long as all owners OR all beneficiaries are members of the credit union) is insured up to $250,000 for each beneficiary named or identified in the irrevocable trust, subject to specific limitations and requirements. Coverdell Education Savings Accounts, formerly education IRAs, are insured as irrevocable trust accounts.

A qualifying eligible beneficiary must be a natural person, or a charitable organization or non-profit entity under the Internal Revenue Code.

*These share insurance coverage limits refer to the total of all shares that account owners have at each federally insured credit union. The listing above shows only the most common ownership types that apply to individual and family shares, and assumes that all NCUA requirements are met.

If you have deposits of more than $250,000 you may still be covered. Use the following calculator to make sure your deposits are covered.

https://www.mycreditunion.gov/insurance-estimator

Your savings is federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. More information.

Utah Heritage Credit Union is an Equal Housing Lender.

More info