Start Your Savings Journey | iQ Credit Union

When you join iQ, your savings account is your passport to iQ membership privileges. We offer a bunch of easy ways to save:

Savings account - $5 is all you need to open a savings account and become an iQ member.
Easy Saver – Every time you use your debit card, you add a little more to your savings account.
Money market account – Maintain a $1,000 balance and watch the money grow.
Individual retirement accounts (IRAs) – Tax-deferred savings to secure your future.
Certificates of Deposits (CDs) – Earn better-than-savings returns.

With all iQ accounts, you get great value-added services, such as:

Mobile banking
Online banking
Direct deposit
iQ also belongs to a nationwide network that gives you access to 30,000 ATMs with absolutely no fees.

It pays to be an iQ member, especially if you take advantage of our iQ Member Perks.

Click here for full account disclosures.

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Get Details

Easy Saver

You know the old saying, “You have to spend money to make money”? At iQ, that is literally true with our Easy Saver program.

Once you enroll in Easy Saver, you earn money with every debit card transaction. Every time you make a debit card purchase, the amount is automatically rounded up to the next dollar, and the difference is deposited into your savings account. Every quarter you receive a match of 5% on everything you save, up to $300 each year.

When you spend using Easy Saver, it literally puts money in the bank!

Money Market Accounts

iQ’s money market accounts offer competitive interest rates and give you more flexibility with your savings.

Maintain a balance of $1,000 to start, and watch your money grow. Depending on your balance, you land in one of four tiers, each with its own APY—the more you deposit, the higher the return.

Rates are calculated daily, and funds are readily accessible. You can make up to six withdrawals per month without incurring fees.

Individual Retirement Accounts

Use your savings account to help chart your path for retirement planning. iQ offers competitive rates on IRA certificates. Opening an IRA account is your first step to a more secure future.

Looking for other savings options? You might also consider opening a money market account or purchasing certificates of deposit.

Certificate of Deposit

Certificate of deposit (CDs) are a great way to save money and earn a higher yield. Certificates of deposit give you a higher interest rate in exchange for a commitment to save the money for a period of time, from a few months to a few years. You get a guaranteed rate of return, and your money is secure.

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Getting to a place where you’re financially comfortable takes years of hard work and dedication. Start early. Download iQ's Financial Survival Guide to find out which financial aspects you should focus on.

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The Ultimate Guide to Simple Savings

What are your financial goals? Saving money for retirement? College? A home? In iQ's Ultimate Guide to Simple Savings, we unpack key topics and strategies that can lead to money-saving success.

"I feel that iQ Credit Union has prepared me for a life of financial literacy."

Lauren

Savings + IRA FAQs

What do I need to open an account?

Eligibility for membership:

Any person who lives, works, or attends school in the State of Washington
Any person who lives or works in the following six Oregon counties: Clackamas, Columbia, Hood River, Multnomah, Washington or Yamhill
Any immediate family member of an existing iQ member. This includes:

- Spouse, parents, grandparents, children, grandchildren, brothers, sisters, aunts, and uncles; also including “half” and “step” siblings, parents, and grandparents; and
- Domestic partner of a member
Members of the Pacific Foundation for Blind Children (PFBC) who live or work within the state of Oregon
Certified or Classified school employee within southwest Washington
Businesses (Sole Prop, LLC, Partnership, Corp) that are legal entities within the State of Washington
Businesses (Sole Prop, LLC, Partnership, Corp) located within the following six Oregon counties: Clackamas, Columbia, Hood River, Multnomah, Washington or Yamhill

Minimum deposit to open an account:

General Membership (21 and older)- $5.00
Minor Accounts (20 and younger)- $5.00
Non-Profit Organizational Accounts- $5.00
Business Accounts- $5.00

Other Requirements:

Government-issued ID with photo with current address: Driver’s license, State ID, U.S. Passport, U.S. Armed Forces ID card
Your Social Security Number (SSN) or Tax Identification Number (TIN)
Current rental agreement, utility bill or mortgage statement for address verification

Association, Club, & Organization Accounts:

Meeting minutes outlining the title of the Authorized Signers
Valid ID for all signers
EIN is required

Are there limits on funds transfers?

There are limits imposed by Federal Regulation D on the number of transfers you can make from your Savings or Money Market Account. (These are remote or automated transfers without your physical presence at a branch.) The types of transfers subject to these limitations include:

Overdraft transfers made automatically to cover insufficient funds
Transfers made by Member Service Representatives on your behalf that are requested by phone or secure email
Automated, scheduled, preauthorized, or recurring transfers
Transfers made through online or mobile banking
Transfers made through telephone banking

Six transfers are allowed per savings account per calendar month, either to another iQ account or to a third party.

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