Savings Accounts at South Metro
South Metro Federal Credit Union is member-owned. An initial $5 deposit into a Share Savings Account is required to become a credit union owner/member. But our Savings Accounts can do so much more!
South Metro offers competitive savings rates that grow with your savings. Your deposits are insured, so your money grows safely. And South Metro staff and online resources are here to help you save smarter.

Ways to Save
An initial $5 deposit into a Share Savings Account is required to become a credit union owner/member. But you can set up multiple basic Savings Accounts to set aside money as part of a practical savings strategy. South Metro can also help by automatically transferring funds from your savings to your checking to keep your checks from being returned. It is another no-fee service from your Credit Union. Keep your funds in your savings account and earn more dividends, and rest assured your checks will be honored.
For more information, call us at 952-445-0888. To review our Funds Availability Policy Disclosure, click here.
Second Savings
You can open a second savings account and transfer money into this fund manually or automatically. It’s a simple and fun way to set aside money for a vacation or any other short-term savings goal.
Stop by any office or call Member Services at 952-445-0888 to open your South Metro savings account.
South Metro’s Money Market accounts offer higher earning potential similar to a certificate of deposit, but without the long-term commitment.
Unlike stocks and other investment options, a Money Market account is guaranteed and insured. You can grow your funds – and access them – without risk! Stop by any office or call Member Services at 952-445-0888 to open a South Metro Money Market account.
South Metro’s Certificates of Deposit offer higher earning potential than a savings account. This low-risk investment option offers a range of features and terms. Use these accounts to get started or capitalize on saving, but remember, you may reduce your earnings and receive a penalty if you withdraw money early.
Unlike stocks and other investment options, a CD is guaranteed and insured. You can grow your funds without risk! Stop by any office or call Member Services at 952-445-0888 to buy a South Metro CD.
Social Security and pension plans are often not enough to maintain your standard of living at retirement. An Individual Retirement Account (IRA) from South Metro Federal Credit Union is an excellent way to invest for your retirement years.
Stop by any office or call Member Services at 952-445-0888 to open a South Metro IRA.
Open an Account Today!
If you already have an account at SMFCU, simply click the link below and choose the Existing Member Account option.
If this is your first account at South Metro Federal Credit Union, be sure to review our instructions on how to join before selecting the New Member Account option..
Young Savers
Teach your children to become smart savers at an early age. It starts with two simple actions.
- Open a Smart Saver account for your child.
- Buy two small piggy banks (or use regular glass jars).
When your child fills both piggy banks, bring them back to South Metro. We’ll deposit the first bank’s contents into your child’s Smart Saver account. Your child decides the future of the second piggy bank.
We’ll count the contents of the second bank, but this is a savings amount that your child can actually see and touch. Your child may decide to deposit this money too, or opt to use a portion to purchase some desired toy. The point is that a child sets — and meets — a goal to fill those two banks, and they see tangible financial rewards as a result. It’s a valuable lesson in saving.
Parents, you can monitor your child’s account from Online Banking. You can even set up a monthly allowance to be transferred in automatically.
South Metro FCU offers a basic checking account that’s just right for students. It includes free online banking and bill pay. You also will have unlimited debit card transactions and unlimited use of ATM machines on the CO-OP Network.
Both parents and teens can use Online Banking and Mobile SMFCU to transfer monthly allowances, track the balance in the account, and monitor their new spending habits. You can also ask if you are eligible for overdraft protection – a valuable tool. And with Shared Service Centers throughout the United States, odds are we have a branch near your college of choice.
When your teen is ready, you can co-sign on a VISA credit card from SMFCU and help them establish a credit rating.
Stop by any office or call Member Services at 952-445-0888 to get more information on SMFCU Checking accounts and VISA credit cards.
South Metro also offers prepaid Visa gift cards*. You can use it like a credit card, but within strict spending limits. If your card is lost or stolen, you can get a replacement card at minimal cost.
Why Give Your Child a South Metro Gift Card?
- It’s versatile. South Metro gift cards can be used anywhere you see the VISA logo.
- It prevents identity theft. A gift card is safer to use when shopping online than a credit card or debit card.
- It’s a great budgeting tool. Some parents give their kids an allowance in the form of monthly gift cards. You can’t “bounce” a gift card, so it’s much harder for kids to overspend.
Best of all, gift cards are safer than cash. If your card is lost or stolen, we’ll issue a replacement card at minimal cost.
To order a gift card, visit your nearest South Metro branch and talk to one of our representatives today. It’s quick and easy!
*$3.00 Gift Card Activation Fee applies.
Online Tools
South Metro has several tech-savvy tools to help you manage your money. Online account access, mobile deposits, eStatements, and apps to find surcharge-free ATMs are all available at your fingertips.
Lending Choices
No matter the loan you’re looking for, South Metro has better rates, fewer fees, and personal service. As a not-for-profit financial institution that’s community-owned, you’ll be working with friends and neighbors and not a Big Bank.
Financial Education
Don’t hesitate to schedule a time to sit down with a Financial Expert or Investment Advisor from South Metro. It’s a free service and we’re happy to help. Also check out our list of free online budgeting tools to help you manage your money.
Online Tools
South Metro has several tech-savvy tools to help you manage your money. Online account access, mobile deposits, eStatements, and apps to find surcharge-free ATMs are all available at your fingertips.
Lending Choices
No matter the loan you’re looking for, South Metro has better rates, fewer fees, and personal service. As a not-for-profit financial institution that’s community-owned, you’ll be working with friends and neighbors and not a Big Bank.
Financial Education
Don’t hesitate to schedule a time to sit down with a Financial Expert or Investment Advisor from South Metro. It’s a free service and we’re happy to help. Also check out our list of free online budgeting tools to help you manage your money.
Open an Account Today!
If you already have an account at SMFCU, simply click the link below and choose the Existing Member Account option.
If this is your first account at South Metro Federal Credit Union, be sure to review our instructions on how to join before selecting the New Member Account option..
I am very happy to become a new member of South Metro Credit Union and I will tell others about how wonderful all of you are there. - Yvonne
Consumer Savings Rates
Effective February 10, 2023
Dividend rates are subject to change by the Board of Directors. APY is Annual Percentage Yield and assumes dividends remain in the account/certificate.
Primary Share: $5.00 Deposit. Membership Required.
Minimum Balance
Dividend Rate
Annual Percentage Yield
$100.00
0.15%
0.15% APY
Minimum to Open $100.00
Minimum Balance
Dividend Rate
Annual Percentage Yield
$100.00
0.15%
0.15% APY
Minimum to Open $2,500.00
Minimum Balance
Dividend Rate
Annual Percentage Yield
$0 to $2,499.99
0.15%
0.15% APY
$2,500.00 to $24,999.99
0.25%
0.25% APY
$25,000.00 to $49,999.99
0.30%
0.30% APY
$50,000.00 to $99,999.99
0.40%
0.40% APY
$100,000 and Greater
0.45%
0.45% APY

Certificate Accounts* (Includes IRA and HSA Accounts)
Minimum Balance
Dividend Rate
Annual Percentage Yield
6 Months, $1,000 Minimum
1.49%
1.50% APY
7 Month Special, $1,000 Minimum
4.52%
4.60% APY
12 Months, $1,000 Minimum
1.49%
1.50% APY
13 Month Special, $1,000 Minimum
4.23%
4.30% APY
24 Months, $1,000 Minimum
1.74%
1.75% APY
36 Months, $1,000 Minimum
2.23%
2.25% APY
48 Months, $1,000 Minimum
2.48%
2.50% APY
60 Months, $1,000 Minimum
2.72%
2.75% APY
All rates are subject to change without notice. Dividends begin to accrue on the business day your deposit is posted to your account. Dividends are compounded and credited quarterly. Dividends are computed by the daily balance method. Fees or other conditions may reduce earnings, refer to the Fee Schedule for current fee information.
* Early withdrawal penalty of 90 days’ dividends for terms of 12 months or less, 180 days’ dividends for terms of 13 to 24 months, and 360 days’ dividends for terms of 25 months or greater will be impose on amounts withdrawn before maturity. All certificates will automatically renew upon maturity for a like term. Grace period is 10 calendar days. Dividends will not be paid during the grace period if the certificate is not renewed. Money Market accounts will be subject to a below balance minimum fee.
Routing #: 091981646 | NMLS ID # 1059389
WEBSITE ACCESSIBILITY NOTICE
We at South Metro Federal Credit Union are committed to the digital inclusion and providing a website that is accessible to the widest possible audience in accordance with certain standards and guidelines. We are striving consistently to conform to WCAG 2.0 Level AA of accessibility. If you run into any barriers, please reach out to us at 952-445-0888 or MemberServices@SouthMet.com.