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SCAM ALERT: Sandia Area members are continuing to report fraudulent phone calls and text messages from people claiming to be Sandia Area member representatives. This includes spoofed phone numbers which appear to originate from Sandia Area. Please be aware that Sandia Area will NEVER initiate a phone call or text message asking for your online banking credentials or to request a transfer of funds. Learn more ► 

Traditional Savings

What are YOU saving for?

Whatever your financial goal, Sandia Area has a traditional savings account solution.

Your Sandia Area savings account is more than just the cornerstone of membership, it's your springboard for growing small amounts of cash into larger sums. With no monthly maintenance fees and free online & mobile access, we’ve made it easy for you to get started!

Open your savings account today ►

Savings Account Features

  • A low minimum balance of $5 is all that is required
  • No time commitment, and no penalty for withdrawals
  • Unlimited free access1
  • Direct deposit of pension, Social Security, or other recurring checks. (For payroll direct deposit, check with your employer)
  • An overdraft source for your checking account1
  • Account may be used as collateral for a savings secured loan
  • Access and transfer funds through Online and Mobile Banking 
  • Money Market, Certificate Accounts and Retirement Accounts are also available

Did you know? Experts recommend you keep a minimum of three months worth of living expenses in an accessible savings account as part of your overall financial plan.

Effective Date: 08/01/2020
Minimum Balance RequiredDividend RateAPY1
$0 - $999.99 0.05% 0.05%
$1,000 - $9,999.99 0.10% 0.10%
$10,000 - $24,999.99 0.10% 0.10%
$25,000 - $49,999.99 0.10% 0.10%
$50,000 - $99,999.99 0.15% 0.15%
$100,000 - $149,999.99 0.15% 0.15%
$150,000 - $199,999.99 0.15% 0.15%
$200,000 - $249,999.99 0.15% 0.15%
$250,000 - $499,999.99 0.15% 0.15%
$500,000 and Above 0.15% 0.15%

1APY = Annual Percentage Yield. Rates are accurate as of 08/01/2020 and are subject to change without notice.You must maintain the minimum daily balance in your account each day to obtain the disclosed Annual Percentage Yield. Fees may reduce the earnings on dividend-earning accounts. Rates for variable rate accounts are subject to change after the account has been opened.

1subject to Regulation D limitations

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