At banks, a savings account is a safe place to keep your cash. But at Expedition CU, a
savings account serves as your share of ownership in your own local, not-for-profit credit
union. We're proud to be an exclusive club for education providers throughout Minnesota
and their families.
Savings account that pays competitive dividends on entire
Join today and start earning competitive dividends, too, so you can grow your balance
quickly. Whether you're saving for something special or just need a safety net, your share
savings account is the first step toward financial independence.
Parents, your kids can earn incentives for good
grades! Incentives are paid $1 for each "A" or equivalent in the
subjects of Math, English/Reading/Language Arts/Writing, Science, Social Studies, Music/Art, and
Physical Education. Up to $6 per report card.* Stop by a branch with your report card or call us
for directions for mailing it in.
Having a financially literate community is our passion, and we believe smart money management
begins early. Give your child a head start with a youth savings account. The account is built
around the principles of Save. Share. Spend.
Designed for younger members, this account
is easy to open and even easier to maintain. With online and mobile banking, your young saver
will learn how to manage their account — no matter where they are!
Membership Share account designed for young members age 17 and
Competitive dividends on entire balance
No monthly service charge
No minimum balance requirement
Establishes the importance of saving and know-how of saving money
from an early age
Grade Incentive Program
Low $5 minimum share deposit to open
Even when we're dedicated to our savings goals, life has a habit of throwing us unexpected
expenses. Keep your savings on track with a secondary savings account dedicated to your specific
goal. So you can fund whatever it is you need — you name it.
Set aside money for the
holidays, a dream vacation, your upcoming wedding, and more. Earn competitive rates to grow your
balance quickly, and reach your goal that much faster.
Savings Accounts for a specific purpose, including:
We make it easy to manage your account. With free
services like online banking and mobile banking, you don't have to visit the
credit union to make a transaction. Manage your money whenever and wherever it's most
convenient for you.
Money Market Savings
Jump at the chance to earn really high variable dividends, and watch your savings add up! This
account pays competitive yields, and higher balances earn higher rates.
Competitive, tiered rates
Higher balances earn higher rates
Enjoy flexibility with enhanced access to funds, including:
Unlimited in-person withdrawals or by mail
6 free transactions per month by pre-authorized, automatic, telephone, online or similar
No monthly service charge
$2,500 minimum deposit to open
Individual Retirement Account (IRA)
If you've made your bucket list, it's time to think about how you will fund it. An
IRA offers certain tax advantages* while you save — so you can ensure your golden years truly
We offer different plans for different financial situations, including Roth, traditional, and
SEP for businesses. Talk to a Expedition CU
representative about which plan is the right fit for you.
Tax-advantaged savings for retirement*
Earn competitive dividends
Annual contribution limits apply
Additional $1,000 "catch-up" contribution allowed for
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 time of retirement.
Although you can't put a price on education, a fund for school is the next best thing. A
Coverdell Education Savings Account (ESA) provides a tax-free* way to save for your child's
Anyone may contribute to the ESA — so grandparents, aunts, and uncles
can even help send your child to their dream university. Start saving for your child's
education today with the help of Expedition CU.
Few things in life are guaranteed — so when the chance to make a sure return pops up, a smart
investor takes it.
Share certificates offer fixed rates throughout your term, so you can plan
accordingly. Simply choose your term, then lock in your rate. It's a great way to meet
short-term financial goals and build up your investment portfolio.
*Members have a grace period of seven (7) days after maturity in which to deposit
to a certificate or to withdraw funds in the account without being charged an early withdrawal
penalty. Early withdrawal penalty is assessed on the funds withdrawn before maturity. Penalty
determined by term of certificate.
Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible
health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine
their own eligibility. Please contact your tax advisor for further eligibility requirements.
*Consult a tax advisor. **You can
withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other
than qualified medical expenses, the amount withdrawn will be included as taxable income, and
is subject to a 10% penalty.
Health Savings Account (HSA)
Wouldn't it be great to pay your medical expenses with tax-free money*? Now you can — with
an easily managed HSA.
You own the account, not your employer, so it's yours to roll
over year-to-year. You can access your funds at any time, whether it's weeks or years from
now. Make your health a priority, and start setting aside money today in your HSA.
Greater personal control over healthcare management and expenses
Prepare for qualified medical expenses
Earn interest above standard savings on entire balance
An HSA provides triple tax savings:
Tax deductions when you contribute to your account
Tax-free earnings through investment
Tax-free withdrawals for qualified medical, dental, vision expenses, and more*
Contributions are tax-free and can be made by you, your
employer, or a third party
Funds can be withdrawn at any time**
No monthly service fee
No minimum balance requirements
Unused funds remain in account year after year; no "use it
or lose it" policy
Keep your HSA in your name, regardless of career or life changes