Featured Rates
| AUTO LOANS | as low as 5.25% |
| MOTORCYCLES | as low as 6.25% |
| RV LOANS | as low as 6.25% |
| BOAT & ATV | as low as 6.25% |
| LAND LOANS | as low as 4.99% |
Save Well
Connect your Rewards Checking to Save Well to automatically build up your savings balance — and earn high dividends — while paying no monthly fee.
It’s easy for life to get in the way of you meeting your savings goals. With a free Save Well Account, your balance is automatically boosted with earnings from your Rewards Checking Account. So you can save without a second thought. Plus, your savings account will earn high dividends of its own. Open your account today in just minutes!
Summary
Free account that builds your savings effortlessly
Links to free Earn Well or Spend Well checking
1.00% APY* on balances up to $25,000
0.24% interest rate on portion of balances over $25,000*
0.01% APY* if qualifications are not met on Earn Well or Spend Well
No monthly service fee
No minimum balance to earn rewards
Free online banking
Free mobile banking
Free monthly eStatements (combined statement with checking account)
No minimum deposit to open
Banking basics are your key to earning rewards!
Qualifying for your Earn Well or Spend Well rewards automatically qualifies you for the highest Save Well rate too. To earn you rewards, just do the following transactions and activities in your Earn Well or Spend Well account during each Monthly Qualification Cycle:
Have at least 12 debit card purchases post and settle
Have at least 1 automatic payment (ACH), direct deposit, or bill pay transaction post and settle
Be enrolled in and agree to receive eStatements
Simple! Even if you don’t meet your qualifications during the cycle, your Rewards Accounts are still free. Plus, you’ll still earn our base dividend rate on Save Well. And you can get right back to earning your full rewards the very next month!
*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our credit union as ATM transactions, PIN-based or signature based transactions, non-retail payment transactions, and purchases made with debit cards not issued by our credit union. Business Days are defined as Monday through Saturday (excluding Federal Holidays). “Monthly Qualification Cycle” is defined as the calendar day following the second to last business day of the previous month through the second to last business day of the current month.
Reward Information: When your Earn Well or Spend Well account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the current statement cycle: Save Well: Balances up to $25,000 receive APY of 1.00%; and balances over $25,000 earn 0.24% interest rate on the portion of balance over $25,000, resulting in a range from 1.00% to 0.40% APY depending on the account’s balance. Earn Well: Balances up to $25,000 receive a non-compounding APY* of 2.50%; and balances over $25,000 earn 0.24% interest rate on the portion of balance over $25,000, resulting in a non-compounding range from 2.50% to 0.70% APY* depending on the account’s balance. Spend Well: 2.50% cash back on up to a total of $300.00 PIN-based/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $7.50 cash back may be earned per Monthly Qualification Cycle. When Earn Well or Spend Well qualifications are not met, Save Well: All balances earn 0.01% APY. Earn Well: All balances earn a non-compounding APY* of 0.01%. Spend Well: No cash back payments are made. *When linked to the Save Well account, the dividends earned within the Earn Well account does not compound since it is automatically transferred to the Save Well account within one day. This automatic transfer may cause an overdraft to your Earn Well account if the account’s balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield.APYs accurate as of 11/03/2016. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings
Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. No minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking, electronic statements) and log-ons may be required to meet some of the account’s qualifications. Limit 1 account per social security number. An account is required to have a Save Well account. A linked Save Well account is required for automatic savings. There are no recurring monthly service charges or fees to open or close this account. Contact one of our credit union service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA.
Thrive Well Money Market
Maximize returns while minimizing effort. With our Thrive Well Money Market, your balance does the heavy lifting.
Make the most of your money via tiered-rates, providing higher balances with even higher returns. At the same time, maintain convenient access to your funds. Have it all, all in one place — earning potential and flexibility. Open a Wellspring money market, where your money and your aspirations for it can thrive.
Summary
Competitive, tiered rates
Higher balances earn higher rates
Enjoy flexibility with enhanced access to funds including direct check writing:
Unlimited in-person withdrawals or by mail
6 free transactions per month by pre-authorized automatic, telephone, checks, drafts, debit cards, or other similar order; $3 per transaction in excess thereafter
No monthly service fee
Free online banking
Free mobile banking
Free monthly eStatements (combined statement with checking account)
$2,000 minimum deposit to open
Start setting aside for your goals
Live Well Share Certificate (CD)
Give your hard-earned savings the guaranteed return it deserves in a share certificate from Wellspring Credit Union.
As versatile as shoeboxes can be, they tend to fall short in one essential category: security. A share certificate (commonly called a CD) is not only safe and secure, but it also provides a guaranteed return with a higher earning potential. Enjoy a fixed dividend rate that increases with the term length and balance amount. Plan for your goals with greater ease — pick the term that works best for you today.
Summary
Fixed rates, higher than regular savings
Receive higher rates for higher balances and longer terms
Provides more guarantee than other risky investments
Set aside for future savings goals
A wide range of terms available (from 6 months to 5 years)
No setup or maintenance fees
Early withdrawals subject to penalty*
Renews automatically upon maturity**
Free quarterly eStatements (combined statement with checking account)
$2,000 minimum deposit to open
Start setting aside for your goals
*Early withdrawal penalty: A penalty may be imposed for early withdrawal, which may reduce account earnings on certificates and IRAs.
**Automatic renewal: At maturity, certificates will automatically renew for same term at the current market rate if not withdrawn, except where disclosed differently
Individual Retirement Accounts (IRAs)
Transition your dreams into a real-life outcome with the help of an IRA from Wellspring Credit Union.
Whether your dream retirement entails a slow crawl on a pontoon boat or chasing rambunctious grandkids, it's never too early to start saving. We offer both traditional and Roth IRA plans — each with different associated tax advantages*, plus Education Savings to help save for your child's education. There are no setup or monthly maintenance fees, just dividends above standard savings to be earned!
Summary
Competitive dividends above standard savings rates
Traditional and Roth IRA options
No setup fees
No monthly or annual maintenance fees
Annual contribution limits apply
Additional $1,000 "catch-up" contribution allowed for ages 50+
Funds can be used to purchase share certificates (CDs) within IRA
$100 minimum deposit to open an IRA savings account
$2,000 minimum deposit to open an IRA share certificate
*Consult a tax advisor.
Traditional vs Roth
There are advantages to both Traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A Traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at the time of retirement.
Traditional IRA
No minimum contribution requirement
Contributions are tax deductible on state and federal income tax¹
Earnings are tax-deferred until a withdrawal (when usually in lower tax bracket)
Withdrawals can begin at age 59 ½
Early withdrawals subject to penalty²
Mandatory withdrawals begin at age 70 ½
Roth IRA
Income limits to be eligible to open Roth IRA³
Contributions are NOT tax deductible
Earnings are 100% tax-free at withdrawal¹
Principal contributions can be withdrawn without penalty¹
Withdrawals can begin at age 59 ½
Early withdrawals are subject to penalty²
No mandatory distribution age
No age limit on making contributions as long as you have earned income
¹Subject to some minimal conditions. Consult a tax advisor.
²Certain exceptions apply, such as healthcare, purchasing first home, etc.
³Consult a tax advisor.
Education Savings Account (ESA)
Create an easier transition into college for yourself and your student by setting up a savings account early. An Education Savings Account (ESA) provides a tax-free, safe place to grow competitive dividends and also financial confidence for a new stage in life.
Set aside funds for your child's education
No setup or annual fee
Dividends grow tax-free
Withdrawals are tax-free and penalty-free when used for qualified education expenses¹
Designated beneficiary must be under 18 when contributions are made
To contribute to an ESA, certain income limits apply²
Contributions are not tax deductible
$2,000 maximum annual contribution per child
The money must be withdrawn by the time he or she turns 30³
The ESA may be transferred without penalty to another member of the family
$100 minimum deposit to open an ESA savings account
$2,000 minimum deposit to open an ESA share certificate
¹Qualified expenses include tuition and fees, books, supplies, board, etc.
²Consult your tax advisor to determine your contribution limit.
³Those earnings are subject to income tax and a 10% penalty.