Overview
Easy Saving.
Keeping your money in a savings account allows you to plan for the future or build that emergency fund. To get the most out of your savings, we have account options that work with how you manage your money.
e-Savings
If you like to do everything online, choose an e-Savings account and get electronic statements.
Savings
For those who love their paper statements, the Simple savings account is the right choice.
With each type of savings account, you can get unlimited in-branch transactions as well as 6 complimentary electronic (or telephone) withdrawals per month*. If you open an account for a minor, look for a savings piggy bank.
An account to help you save for the future
- Balances over $0.01 earn dividends paid monthly
- $5.00 balance required to open and maintain
- No monthly maintenance fees with balance of $100 or more
- Overdraft protection transfers are available*
How to open a Savings Account at Spirit of Alaska
To open an account, you can apply online, or come into any of our branches. If you apply online, you will need to visit a branch within 30 days to sign your account agreement.
New Adult Savings Account
The following documents are required to open a new savings account for a person 18 or over:
- Bring cash, check or card to fund the account.
- Driver’s license or State ID**
- U.S. Social Security Number
Savings Account for a Minor Child
Depending on the age of the minor, ask for clarification at your local branch which documents are necessary to open a savings account for a minor 17 and under. Here’s a general overview of document requirements:
- Required: The minor’s social security number
- Recommended: A copy of the birth certificate with the name of the parent and applicant on the birth certificate.
- If available: The minor’s recent passport, state ID or a school ID if available for older minors. ID is required for the minor to conduct transactions on their account. You can obtain a state ID through the DMV for a minor child.
**We are always willing to work with you on verifying your identity with the documents you have. Keep in mind there are federal rules for establishing identity when opening a savings account, which can include verifying your current address.
Rates
Savings Accounts
| Account Type | Min. Opening Bal. | Min. Bal. to Earn Dividends | Dividend Rate | APY* |
|---|---|---|---|---|
e-SavingsElectronic Documents |
$5.00 | $0.01 | 0.11% | 0.11% |
SavingsPaper Documents |
$5.00 | $0.01 | 0.11% | 0.11% |
*Annual Percentage Yield. Refer to our Pricing Guide (PDF) for all fees. Fees may reduce earnings. Rates are subject to change at any time. Current as of [date].
Calculator
FAQ
FREQUENTLY ASKED QUESTIONS
Yes, these accounts hold your $5 membership share. Every member of a credit union must have a “share” in that credit union.
You will need the following items to open a savings account for a person 18 or over.:
- Driver’s license or State ID
- U.S. Social Security Number
- If you are new to Spirit of Alaska, bring cash, check or card to fund the account. A 3% fee applies if you fund the account with a credit or debit card.
To open a savings account for a minor, you will need to bring:
- The minor’s social security number
- A copy of the birth certificate with the name of the parent and applicant on the birth certificate.
- The minor’s passport, state ID or a school ID if available.
Yes. An excessive withdrawal fee will apply if electronic transfers out of a savings account exceed 6 per month. Any overdraft protection transfers from a savings to a checking account are counted towards the 6 electronic transfers limit. No fees apply to in-person transactions for a savings account.
Yes, you are allowed unlimited transfers or withdrawals:
- In person at a branch
- At an ATM
- Through the mail
Maintain a balance of over $100 in your savings. In general, savings account maintenance fees are waived if you also have an active checking account.
What you will need to bring depends on the structure of your business. In general, to open an account you will need the following:
- Business License
- Proof of EIN
- Corporate documentation
- Resolution with authorized signers.
"This has been my favorite bank that I have ever had since I joined the military 11 yrs. ago. The people at the Johansen branch are amazing and never made me feel like a number, but like a family member...Thank you for the best 2 yrs. of banking and please keep doing what it is you all are doing, because it's working."
-W.L.