Solidarity Community Federal Credit Union is excited to announce the launch of its new Rev Up Savings Account, a member-focused savings product designed to help more people build financial momentum early in their savings journey.
Rev Up Savings offers a reverse-tier dividend structure, meaning members earn the highest dividend rate on the lowest balance tier, a departure from traditional savings accounts where higher balances earn the best rates. This structure rewards the first dollars saved, helping members see real growth sooner and stay motivated to continue saving.
“With many people struggling to make progress on their savings goals, Rev Up Savings was designed to meet members where they are; especially those just getting started or rebuilding their financial foundation,” said Amy Benner, Solidarity Community Federal Credit Union CEO, “By offering premium rates on the first dollars saved and no minimum balance requirement, we’re making saving accessible and rewarding for everyone.”
Key Features of Rev Up Savings
- Highest dividend rate applied to the first $2,500 in savings, helping members grow their funds faster.
- Dividends compounded and credited monthly, allowing savings to grow more quickly.
- Flexible access with no transaction limitations beyond standard account rules.
The Rev Up Savings Account pairs well with Solidarity’s other financial tools, including checking accounts, automatic transfers, and goal-based savings strategies. It is ideal for members building an emergency fund, saving for short-term goals, or just beginning to establish good financial habits. The account’s dividend structure includes competitive Annual Percentage Yields (APYs), starting with the most generous rate on the first tier and adjusting through higher balance levels.
For more information or to open a Rev Up Savings Account, visit solfcu.org/rev-upsavings/ or contact Solidarity Community Federal Credit Union at (765) 453-4020.
Solidarity Community Federal Credit Union is a member-owned financial cooperative providing personalized banking solutions, including checking and savings accounts, loans, financial education, and community support initiatives. Solidarity is committed to helping members achieve financial success.