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Savings Accounts

Find the right savings fit for your goals.

Open Account Rates

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Nowadays there are so many different ways to save...

Money Markets, IRA, Health Savings Accounts, and the list goes on and on. Thankfully, Magnifi Financial has your back with a variety of savings accounts that fit any need. Plus, savings accounts are like potato chips, you can't have just one!

Check out the various savings accounts you can choose from get started by applying online!

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Calculate Your Savings

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*Calculator provides general estimations only. Inconsistencies may occur with the use of the calculator and the outcomes are not credit guarantees. For specific payment and interest information, please contact us.

Personal Savings

A simple savings account fit for everyone.

  • No minimum balance or penalties
  • Earns dividends - Click for rate information
  • Access account information and transfer funds using internet or mobile banking
  • Can be used for overdraft protection on your Magnifi Financial checking account
Family saving together
Grow your money with a money market account.

Money Market

It's a savings account with higher dividends! The more you deposit, the higher your return.

  • Seven rate tier levels that earn you higher dividends as you deposit more money - Click for rate information
  • $2500.00 is required to open an account, that balance does not need to be maintained
  • No monthly fees or penalties
  • Can be used for overdraft protection on your Magnifi Financial checking account

WINcentive® Savings

Save money and earn chances to win cash prizes! Earn chances to win monthly, quarterly, and annual cash prizes when you regularly deposit money into this account. All the money you save plus the dividends earned is yours to keep. Save for a year and then make any withdrawals needed and keep saving to win!

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WINcentive Savings logo
Save your change electronically

Save the Change

It's like an electronic coin jar! Magnifi Financial debit card purchases are automatically rounded up to the next whole dollar amount and are transferred from checking into this account. Save conveniently and watch your savings grow!

  • Enroll in Internet Banking and eStatements and earn 1/2 percent higher dividend rate - Click for rate information
  • No monthly fees or penalties
  • No minimum or maximum balance
  • Withdraw funds at anytime without losing dividends
  • Can be used for overdraft protection on a Magnifi Financial checking account

My Goal Savings

A savings account centered on your goals! A "My Goal Savings" account allows you to create a reserved fund geared towards a specific life event or goal.

  • Create an automated deposit based on your budget and schedule which can change throughout the term of the account
  • Monthly deposits must total $20 - $400
  • Earns higher dividends than a Personal Savings account - Click for rate information
  • Maturity date is one year from open date with the ability to set the date earlier. You have the ability to "catch-up" the deposit amount if you set an earlier maturity date on the day of account opening.
  • Ability to open an unlimited number of goal accounts

Ideas for a My Goal Savings Account

  • Holidays
  • House down payment
  • Renovations
  • New car
  • Vacation
  • Baby
  • Wedding
  • College
  • Graduation or Anniversary Party
  • Emergency Fund
  • Payoff Debt
  • Fun Money

Additional Savings Accounts


Youth Savings

Youth Savings

Kids can start saving while earning prizes with each birthday and deposit! Learn more about kids savings accounts.

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Put your money into a higher yielding certificate account. Your money is safe and secure with a variety of terms.

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Health Savings Accounts

Health Savings

Save for health expenses while earning tax-free dividends. Now earn even more money with no service fee!

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Plan for retirement with IRA accounts and other retirement planning accounts. Open an account or work with an advisor.

Learn More

Savings Rates

Effective Date 7/1/2023

Account Type Dividend Rate APY Min. Opening Deposit Min. Balance to Earn Stated APY
Share 0.05% 0.05% $5.00 $5.00
Savings 0.35% 0.35% $0.00 $0.00
Money Market 0.65% 0.65% $2,500.00 $0 - $2,499
  0.65% 0.65%   $2,500 - $9,999
  0.70% 0.70%   $10,000 - $24,999
  0.80% 0.80%   $25,000 - $49,999
  0.995% 1.00%   $50,000 - $99,999
  1.094% 1.10%   $100,000 - $149,999
  1.292% 1.30%   $150,000+
WINcentive® Savings1 0.05% 0.05% $5.00 $5.00
Save the Change 0.75% 0.75% $0.00 $0.00
My Goal Savings2 1.982% 2.00% $5.00 $0.00
APY = Annual Percentage Yield.
Rates are subject to change without notice. Dividends compound monthly.
1 - Penalty for early withdrawal.
2 - Penalty for early withdrawal. Maximum deposit of $100.00 per week.


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