Members 1st Savings Accounts: Member Yield Tier Schedule
A reference for the Members 1st FCU savings shares offered to members across central Pennsylvania — the regular savings share that establishes membership, the holiday club and vacation club shares for scheduled disbursements, special-purpose savings shares for member-defined goals, and custodial savings shares opened for a minor under PA UTMA. The page also covers the dividend-tier structure, the automatic-transfer scheduling layer that links savings to a Members 1st checking share, and the account-access pattern shared with the Members 1st mobile app.
The regular Members 1st savings share establishes membership.
The regular Members 1st savings share is the par-value deposit that establishes member-ownership in the cooperative. Every member opens at least one regular savings share at enrollment, and the share stays open for the duration of the membership. The deposit holds a small minimum amount that the credit union calls the par value — the figure that legally confers a voting share in the credit union. Beyond the par minimum, the share holds whatever working savings the member chooses to keep. Dividends post monthly at the base member rate, compound inside the same share unless the member directs them elsewhere, and appear on the monthly statement alongside any deposits, withdrawals, or scheduled automatic transfers.
What the regular savings share covers.
The regular savings share serves three roles at the same time: ownership-of-record for the cooperative, the default landing share for inbound transfers from outside accounts, and the working reserve a member draws on for an unplanned expense. Members frequently link the regular savings share to the Members 1st checking share for overdraft sweep coverage configured inside the Members 1st mobile app.
Holiday club, vacation club, and special-purpose shares.
Holiday club and vacation club are special-purpose Members 1st savings shares with a scheduled annual disbursement aligned to a chosen target. The standard holiday club disburses on or near November first so that the funds land in the linked checking share before the holiday spending window. The vacation club disburses on a member-selected date — typically the first business day of a chosen month — so a member traveling in June or July funds the trip from the disbursed balance rather than a card. Both shares accept automatic transfers scheduled inside the Members 1st mobile app or the online banking portal, and both pay the regular member savings dividend during the accumulation window.
Special-purpose savings for any member-defined target.
Special-purpose Members 1st savings shares cover any goal a member wants to keep separate from the everyday working balance — a tax-set-aside share for a self-employed member, an emergency-fund share funded automatically each pay period, a home-improvement share, or a wedding share. Each special-purpose share earns the regular member dividend and lives under the same single online banking sign in.
Custodial savings under Pennsylvania UTMA.
Members 1st custodial savings shares open under the Pennsylvania Uniform Transfers to Minors Act with a parent, grandparent, or guardian as custodian and the child as beneficiary. The share earns the regular savings dividend, accepts deposits from any source — payroll allotments, gift transfers from outside accounts, in-branch cash deposits, mobile-deposited checks made out to the minor — and transfers control to the named minor at the published age threshold defined by PA UTMA. A custodian who needs household-level controls on the minor's later access frequently combines the custodial share with one of the youth-checking variants documented on the dedicated Members 1st youth accounts reference.
Members 1st savings comparison table.
The five most-opened savings variants summarized side-by-side. The dividend column describes the structural pattern; the specific basis-point rate is confirmed inside the Members 1st mobile app account-details panel or by calling Members 1st customer service at (717) 691-3500.
| Savings Type | Min Balance | Dividend | Access |
|---|---|---|---|
| Regular Member Savings | Par value | Base member rate | Anytime |
| Holiday Club | $0 | Base member rate | Annual disbursement |
| Vacation Club | $0 | Base member rate | Member-selected date |
| Special-Purpose Share | $0 | Base member rate | Anytime |
| Custodial Savings (UTMA) | $0 | Base member rate | Custodian until age |
How automatic transfer scheduling stacks on top.
Automatic transfers are configured inside the Members 1st mobile app or the online banking portal. A member picks a source share, a destination share, an amount, a frequency — weekly, biweekly, semimonthly, or monthly — and an optional end date. The most-common pattern is a recurring transfer from the Members 1st checking share into a holiday club, a vacation club, and a special-purpose emergency share each pay period. The Members 1st mobile app surfaces upcoming transfers inside the dashboard so a member can confirm or cancel a scheduled disbursement before it posts. General consumer-savings guidance documented at mymoney.gov describes why this kind of automation tends to outperform manual saving over twelve months.
Where this savings page sits inside the Members 1st reference set.
A member opening a Members 1st savings share often arrives via the broader Members 1st FCU member hub, then bounces between savings, the companion Members 1st checking accounts reference, the higher-yield Members 1st money market tier table, the term-locked Members 1st CD rates reference, and the family-side Members 1st youth accounts page. Digital readers move to the Members 1st online banking walkthrough or the Members 1st mobile app install guide. Members verifying ABA detail jump straight to the Members 1st routing number reference.
Members 1st savings account questions.
Four questions selected from the most-searched Members 1st savings queries.
What is the regular Members 1st savings share?
The regular Members 1st savings share is the par-value deposit that establishes member-ownership in the cooperative. Every member opens at least one regular savings share at enrollment. The share earns the base member dividend, holds the deposit that confers voting rights, and stays open for the duration of the membership.
How do Members 1st holiday club and vacation club shares differ?
Holiday club and vacation club are special-purpose Members 1st savings shares with a scheduled annual disbursement aligned to a chosen target — typically November first for holiday spending and a member-selected date for vacation. Both shares accept automatic transfers from the linked checking share and pay the regular savings dividend during accumulation.
Do Members 1st savings accounts pay tiered dividends?
Regular Members 1st savings shares pay a base member dividend at all balance levels. Higher-yield tiers live on the Members 1st money market product and on Members 1st certificates of deposit. Members targeting tiered dividend yields typically split balances between regular savings, money market, and a CD ladder.
Can a parent open a custodial savings share for a child?
Yes. Members 1st custodial savings shares open under the Pennsylvania Uniform Transfers to Minors Act with the parent or guardian as custodian and the child as beneficiary. The share earns the regular savings dividend, accepts deposits from any source, and transfers to the named minor at the published age threshold.
"We run a holiday club, a vacation club, and a special-purpose share for the seasonal restock all under one Members 1st sign in. The automatic-transfer scheduler handles the work — I just check the dashboard once a month."
Ignatius D. RavenswoodManager, Trindle Spring Outfitters · Mechanicsburg, PA