Regular Savings Account

Opening our Regular Savings Account establishes your membership at Allegent.

This account can be opened with a minimum deposit of $5.00 and you will earn competitive dividends on your funds when there is an average daily balance of $100.00 or more. Dividends are calculated from the day of deposit and are paid monthly. Click the button below to view the current rates.

You are able to make deposits through direct deposit, by mail, or in person at any of our branch locations or a CO-OP Shared Branch. Simply click on one of our savings products for additional information.

Money Market Savings Account

Allegent’s Money Market Account is an excellent choice for members seeking a combination of a higher rate of return than our regular savings account, along with liquidity and convenient access.

A minimum deposit of $2,500 is required to open an Allegent Money Market Account. Dividends are paid monthly and are calculated on an average daily balance of $2,500 or more. Higher (tiered) dividend rates are paid on balances of $10,000 or more and $25,000 and over. Click the button below to view the current rates.

Up to six transfers or withdrawals per month may be made in any amount. A monthly fee will be assessed only if the average daily balance falls below $2,500.

Deposits to an Allegent Money Market Account can be made through automatic payroll direct deposit, through automated transfer, in person at one of our convenient branch locations or Shared Service Centers, or by mail.

Youth Savings

Allegent’s Youth Savings Account is available to children under the age of 18 and offers a fun and exciting way for kids to learn about personal finances while encouraging savings.

A minimum deposit of $5.00 is required to open this account. There are no monthly service charges, and dividends are paid monthly and calculated on an average daily balance of $5.00 or more.

Holiday Club

Do bills make your holiday less than joyful? An Allegent Community Federal Credit Union Holiday Club Account is a convenient way to save for the holidays!

Holiday Club Accounts can be opened anytime during the year with a minimum deposit of $5.00 and earn dividends with an average daily balance of $100.00 or more.

On or after October 1, your entire Holiday Club Account balance will be transferred to another account of yours, and the Holiday Club Account will remain open. You may not withdraw funds from your Holiday Club Account at any other time.

Deposits can be made to your Holiday Club Account through automatic payroll direct deposit, through automated transfer, in person at one of our convenient branch locations or Shared Service Centers, or by mail.

Vacation Club

Allegent Vacation Club accounts can be opened any time during the year with just a $5.00 deposit!

Vacation Club Accounts earn monthly dividends with an average daily balance of $100.00 or more. For Vacation Club Accounts, the entire balance will be transferred to another account of yours on or after May 1, and the account will remain open. You may not make withdrawals from your account at any other time. Dividends compound monthly. Fees and other conditions may reduce earnings.

Deposits can be made to your Vacation Club Account through direct deposit, by mail, or in person at one of our convenient locations or Shared Service Centers.

Coverdell Education Savings Account

Qualifying members may elect to invest up to $2,000 per child (does not need to be a relative) per year.

  • Contributions are not tax deductible

  • Withdraw funds tax-free and IRS penalty-free for qualifying educational expenses up to age 30

  • Earnings not used by age 30 will become taxable and subject to the 10% IRS penalty tax