Basic Savings Account
Our standard savings account, and the start of every membership at orsa!
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 Mar 11, 2026
Minimum to Open | Minimum to Earn Dividends | Dividend Rate | APY* |
|---|---|---|---|
Basic Savings |
|
|
|
$5 | $100 | 0.05% | 0.05% |
*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
Guide
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.
Guide
How to Save Money on Streaming Services
With Americans now spending around $70 a month on services like Netflix and HBO, plenty of Michiganders are wondering how to save money on streaming services. Even if you like and watch the services you have, there are practical ways to cut those monthly bills. Below, we explain how.
News
Meet orsaWatch: Subscription Manager
Spot monthly subscriptions. Collect them all in one place. And even cancel what you don’t want right from digital banking. No extra apps. No extra subscriptions. All free for orsa members!
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!
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.
