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Basic Savings Account Details
Basic, not boring
Don’t let the name fool you—our Basic Savings is still so much more than a traditional savings account.
Account Details
- Only $5 to open
- All members receive a basic savings account with orsa credit union membership
- $100 minimum to earn dividends
- Can be set up as overdraft protection for your CloseEnuff® checking account
- Electronic Funds Transfers (EFT)
Basic Savings Accounts
Date Updated July 14, 2026
*APY = Annual Percentage Yield. APY may change before or after the account is opened. Fees may reduce earnings. Goal Setter Accounts require monthly auto deposits to earn dividends, subject to penalty for early withdrawal. Rates are subject to change at any time. orsa credit union membership is required. orsa Fee Schedule.
High Yield Savings
10% APY?** Oh, yeah!
Start your savings off on a high note, or simply earn a little extra for the hard work you already put in. With 10% APY** on the first $1,000 in your account, pretty much any reason is a good reason to open a High Yield Savings here at orsa. Whether you’re getting closer to your down payment or just planning a trip down south in the winter, we’re here to help!
The place for savers
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Compare Fees & Get Paid for Saving with FeeNuff™
Nobody likes watching their paycheck shrink to cover murky bank fees. That's why we built FeeNuff™, a new tool that finds the fees you're paying at other banks and helps cover those fees when you switch to orsa!
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Cost Effective Alternatives to Streaming Services
With average monthly spending on streaming creeping up towards $100, it’s no wonder many are looking for alternatives to streaming services they’re tired of paying for. Here, we’ll break down both alternative streaming services that can lower your costs and ways to fully replace streaming with alternatives. You might be surprised at how much you can save by taking advantage of alternatives.
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How to Easily Cancel Your Subscription Services
Here, we’re laying out how to find subscriptions, cancel them, and avoid getting stuck with too many expensive subscriptions you don’t need in the future. Taken together it’s a few easy steps that can make a serious difference in your day-to-day finances… and your financial future.
Frequently asked questions
Basic Savings Account FAQ
If you have any further questions, give our Care Center a call at (877) 937-2328 or stop by one of our branch locations!
Nope! You’re free to move, withdraw, and do whatever you’d like with your Basic Savings Account money—whenever you want!
No, unfortunately our Basic Savings Account doesn’t have any check-writing ability. If that’s what you’re after, we recommend checking out our CloseEnuff checking account!
Yes! You can add to your Basic Savings Account at any time, as much as you’d like. You can stop by your local branch, or deposit funds with our digital banking platform!
The Basic Savings Account is opened automatically when you join orsa as a member! Here are the details:
- Only $5 to open
- All members receive a basic savings account with credit union membership
- $100 minimum to earn dividends
- Can be set up as overdraft protection for your CloseEnuff checking account
- Electronic Funds Transfers (EFT)
Unfortunately, members are limited to a single Basic Savings Account. You can have multiple Alternate Savings Accounts or a mix of different kinds of savings accounts, though! Call our Care Center at (877) 937-2328 or ask a team member if you’d like help setting up an Alternate Savings Account.
Money market accounts function sort of like a mix between a savings account and a checking account. They’re meant for earning dividends on the money you put away much like a savings account, but because they often require higher balance amounts, they’re also able to offer some of the same withdrawal features that checking accounts have. Learn more by reading up on our Money Market account!
Our High Yield Savings Account features a boosted rate that’s designed to help your savings stack up even faster! It also doesn’t have any upkeep fees or minimums to earn dividends, so we recommend checking it out no matter where you’re at in your savings journey!
Other ways to save
The place for savers
We’ve got something for just about any savings goal, whether that’s a speedy start with our High Yield Savings Account, steady growth with a long term, low-effort CD, or the flexibility to spend and save with a Money Market.
What We Do
Making Impossible Dreams come true on the daily.
Wherever you are on your financial journey, you Belong here.
