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First Alliance Savings Accounts

Credit Union Savings Account | First Alliance Credit Union

Share Savings Account

When you are ready to open an account at First Alliance Credit Union, the first step is to open your Share Savings Account. It is called a Share Savings because the $5.00 you deposit into the savings account is similar to you buying a share of stock in our credit union. That $5.00 makes you a member-owner of the credit union; it is the foundation of your membership with us. But you'll also get so much more than that:

  • Start earning dividends from the first day of deposit
  • No monthly service fees or charges
  • Free, instantly issued debit card
  • Access to free Online Banking so you can watch your savings grow
  • Small minimum balance of only $5.00

Open An Account

Looking for saving options for a young saver? Check out our Youth and Teen Account Options!

Credit Union Savings Account | First Alliance Credit Union

Club Accounts

Depositing regularly into a Holiday, Vacation or Back to School Club Account helps you save money throughout the year.

Each Club Account has a specific date when the balance and dividends are transferred to your Checking or Savings Account to help with purchases. 

Club Accounts have a higher interest rate than standard savings accounts.

Contact us to talk about opening a club account.

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Health Savings Account | Credit Union MN

Health Savings Account

Health Savings Accounts (HSA) are a type of savings account that allows you to save your money on a pre-tax* basis to help you pay for qualified medical expenses, such as:

  • Deductibles
  • Co-payments
  • Co-insurance
  • Other medical expenses

HSA's are not "use it or lose it" type accounts, so your HSA balance rolls over from year to year. When you open your HSA account will receive a special debit card to easily access and track your HSA funds.

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*Consult your tax advisor

Request More Information About First Alliance Savings Accounts

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Here's how we have helped your neighbors!

First Alliance has always been a business for the people and you do not feel like a number. I felt the clerks and loan officers would listen to you for your needs and do everything they could do effectively. As a member for many years, the service and knowledge are always appreciated. I would rather have First Alliance receive the interest off my account than any other bank because of their energetic, optimistic, ethical attitude toward members. Also, I felt I saved money too. Thank you.

Diane from Rochester, MN


Plus, Check Out These Great Savings Tips:

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